Blockchain Technology: Applications and Challenges


Book Description

This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.




Blockchain for Smart Systems


Book Description

Blockchain technology has been penetrating every aspect of Information and Communications Technology (ICT), and its use has been growing rapidly in recent years. The interest and development of this technology has primarily been driven by the enormous value growth of cryptocurrencies and large investments of venture capital in blockchain start-ups. Blockchain for Smart Systems: Computing Technologies and Applications is intended to clarify and define, in simple terms, the technology behind blockchain. It provides a deep dive into the core fundamentals of blockchain: hashing algorithm behind each block, distributed technology, smart contracts, and private vs. public blockchain. Features Discusses fundamental theories of practical and sophisticated applications of blockchain technology Includes case studies Discusses the concepts with illustrations, appropriate figures, tables, and simple language This book is primarily aimed at undergraduates, graduates, research scholars, academicians, and industry and technology enthusiasts working in various aspects of blockchain technology.




Blockchain Technologies for Sustainable Development in Smart Cities


Book Description

Blockchain technology has great potential to radically change our socio-economic systems by guaranteeing secure transactions between untrusted entities, reducing costs, and simplifying many processes. However, employing blockchain techniques in sustainable applications development for smart cities still has some technical challenges and limitations. Blockchain Technologies for Sustainable Development in Smart Cities investigates blockchain-enabled technology for smart city developments and big data applications. This book provides relevant theoretical frameworks and the latest empirical research findings in the area. Covering topics such as digital finance, smart city technology, and data processing architecture, this book is an essential reference for electricians, policymakers, local governments, city committees, computer scientists, IT professionals, professors and students of higher education, researchers, and academicians.




Smart Systems Design, Applications, and Challenges


Book Description

Smart systems when connected to artificial intelligence (AI) are still closely associated with some popular misconceptions that cause the general public to either have unrealistic fears about AI or to expect too much about how it will change our workplace and life in general. It is important to show that such fears are unfounded, and that new trends, technologies, and smart systems will be able to improve the way we live, benefiting society without replacing humans in their core activities. Smart Systems Design, Applications, and Challenges provides emerging research that presents state-of-the-art technologies and available systems in the domains of smart systems and AI and explains solutions from an augmented intelligence perspective, showing that these technologies can be used to benefit, instead of replace, humans by augmenting the information and actions of their daily lives. The book addresses all smart systems that incorporate functions of sensing, actuation, and control in order to describe and analyze a situation and make decisions based on the available data in a predictive or adaptive manner. Highlighting a broad range of topics such as business intelligence, cloud computing, and autonomous vehicles, this book is ideally designed for engineers, investigators, IT professionals, researchers, developers, data analysts, professors, and students.




Blockchain for Smart Systems


Book Description

Blockchain technology has been penetrating every aspect of Information and Communications Technology (ICT), and its use has been growing rapidly in recent years. The interest and development of this technology has primarily been driven by the enormous value growth of cryptocurrencies and large investments of venture capital in blockchain start-ups. Blockchain for Smart Systems: Computing Technologies and Applications is intended to clarify and define, in simple terms, the technology behind blockchain. It provides a deep dive into the core fundamentals of blockchain: hashing algorithm behind each block, distributed technology, smart contracts, and private vs. public blockchain. Features Discusses fundamental theories of practical and sophisticated applications of blockchain technology Includes case studies Discusses the concepts with illustrations, appropriate figures, tables, and simple language This book is primarily aimed at undergraduates, graduates, research scholars, academicians, and industry and technology enthusiasts working in various aspects of blockchain technology.




Blockchain-Based Smart Grids


Book Description

Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications.




Blockchain Technology for Smart Cities


Book Description

This book provides a comprehensive overview of various aspects of the development of smart cities from a secure, trusted, and reliable data transmission perspective. It presents theoretical concepts and empirical studies, as well as examples of smart city programs and their capacity to create value for citizens. The contributions offer a panorama of the most important aspects of smart city evolution and implementation within various frameworks, such as healthcare, education, and transportation. Comparing current advanced applications and best practices, the book subsequently explores how smart environments and programs could help improve the quality of life in urban spaces and promote cultural and economic development.




Blockchain for Smart Cities


Book Description

Focusing on different tools, platforms, and techniques, Blockchain and the Smart City: Infrastructure and Implementation uses case studies from around the world to examine blockchain deployment in diverse smart city applications. The book begins by examining the fundamental theories and concepts of blockchain. It looks at key smart cities' domains such as banking, insurance, healthcare, and supply chain management. It examines Using case studies for each domain, the book looks at payment mechanisms, fog/edge computing, green computing, and algorithms and consensus mechanisms for smart cities implementation. It looks at tools such as Hyperledger, Etherium, Corda, IBM Blockchain, Hydrachain, as well as policies and regulatory standards, applications, solutions, and methodologies. While exploring future blockchain ecosystems for smart and sustainable city life, the book concludes with the research challenges and opportunities academics, researchers, and companies in implementing blockchain applications. - Independently organized chapters for greater readability, adaptability, and flexibility - Examines numerous issues from multiple perspectives and academic and industry experts - Explores both advances and challenges of cutting-edge technologies - Coverage of security, trust, and privacy issues in smart cities




The Blockchain Technology for Secure and Smart Applications across Industry Verticals


Book Description

The Blockchain Technology for Secure and Smart Applications across Industry Verticals, Volume 121, presents the latest information on a type of distributed ledger used for maintaining a permanent and tamper-proof record of transactional data. The book presents a novel compendium of existing and budding Blockchain technologies for various smart applications. Chapters in this new release include the Basics of Blockchain, The Blockchain History, Architecture of Blockchain, Core components of Blockchain, Blockchain 2.0: Smart Contracts, Empowering Digital Twins with Blockchain, Industrial Use Cases at the Cusp of the IoT and Blockchain Paradigms, Blockchain Components and Concepts, Digital Signatures, Accumulators, Financial Systems, and more. This book is a unique effort to illuminate various techniques to represent, improve and authorize multi-institutional and multidisciplinary research in a different type of smart applications, like the financial system, smart grid, transportation system, etc. Readers in identity-privacy, traceability, immutability, transparency, auditability, and security will find it to be a valuable resource. - Provides a snapshot of the state of current research based on the decentralized system that provides security and privacy to the smart applications - Chapters cover the fundamental concepts of the newly emerged Blockchain technology along with, the various smart applications - Helps to elucidate new trading platforms that provides business benefits like efficiency, auditability, traceability, transparency, feedback, and security




Blockchain for Cyberphysical Systems


Book Description

This exciting book will explore how Blockchain (BC) technology has the potential to overcome challenges in the current cyber-physical system (CPS) environment. BC is a timestamp ledger of blocks that is used for storing and sharing data in a distributed manner. BC has attracted attention from practitioners and academics in different disciplines, including law, finance, and computer science, due to its use of distributed structure, immutability and security and privacy. However, applying blockchain in a cyber-physical system (CPS) is not straightforward and involves challenges, including lack of scalability, resource consumption, and delay. This book will provide a comprehensive study on blockchain for CPS. CPS and the existing solutions in CPS and will outline the limitations are presented. The key features of blockchain and its salient features which makes it an attractive solution for CPS are discussed. The fundamental challenges in adopting blockchain for CPS including scalability, delay, and resource consumption are presented and described. Blockchain applications in smart grids, smart vehicles, supply chain; and IoT Data marketplaces are explored. The future research directions to further improve blockchain performance in CPS is also provided.