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Abstract

Details

The Emerald Handbook of Blockchain for Business
Type: Book
ISBN: 978-1-83982-198-1

Keywords

Content available
Book part
Publication date: 9 March 2021

Abstract

Details

The Emerald Handbook of Blockchain for Business
Type: Book
ISBN: 978-1-83982-198-1

Article
Publication date: 27 September 2022

Mingyue Xie, Jun Liu, Shuyu Chen and Mingwei Lin

As the core technology of blockchain, various consensus mechanisms have emerged to satisfy the demands of different application scenarios. Since determining the security…

Abstract

Purpose

As the core technology of blockchain, various consensus mechanisms have emerged to satisfy the demands of different application scenarios. Since determining the security, scalability and other related performance of the blockchain, how to reach consensus efficiently of consensus mechanism is a critical issue in the blockchain.

Design/methodology/approach

The paper opted for a research overview on the blockchain consensus mechanism, including the consensus mechanisms' consensus progress, classification and comparison, which are complemented by documentary analysis.

Findings

This survey analyzes solutions for the improvement of consensus mechanisms in blockchain that have been proposed during the last few years and suggests future research directions around consensus mechanisms. First, the authors outline the consensus processes, the advantages and disadvantages of the mainstream consensus mechanisms. Additionally, the consensus mechanisms are subdivided into four types according to their characteristics. Then, the consensus mechanisms are compared and analyzed based on four evaluation criteria. Finally, the authors summarize the representative progress of consensus mechanisms and provide some suggestions on the design of consensus mechanisms to make further advances in this field.

Originality/value

This paper summarizes the future research development of the consensus mechanisms.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 16 no. 2
Type: Research Article
ISSN: 1756-378X

Keywords

Content available
Book part
Publication date: 9 March 2021

Abstract

Details

The Emerald Handbook of Blockchain for Business
Type: Book
ISBN: 978-1-83982-198-1

Book part
Publication date: 16 January 2023

Alevtina Dubovitskaya Ackerer and Damien Ackerer

This chapter reviews the underlying technologies of cryptoassets, including fundamental cryptographic primitives used in distributed ledger technologies and permissionless…

Abstract

This chapter reviews the underlying technologies of cryptoassets, including fundamental cryptographic primitives used in distributed ledger technologies and permissionless blockchain technologies and their consensus protocols such as proof-of-work and proof-of-stake. It discusses the pros and cons of existing approaches to improve blockchain scalability and considers the requirements for security and decentralization. The chapter also examines the following techniques: layer 1 tuning, layer 1 sharding, and layer 2 solutions. It concludes with an overview of technologies to swap cryptoassets off-chain, technical requirements for cross-chain transactions, and reviews cross-chain atomic swap implementation using hashed time lock contracts.

Details

The Emerald Handbook on Cryptoassets: Investment Opportunities and Challenges
Type: Book
ISBN: 978-1-80455-321-3

Keywords

Expert briefing
Publication date: 26 September 2022

The changeover, dubbed the Merge, comes as crypto faces growing criticism for its environmental costs. Ethereum underpins the second-largest cryptocurrency, Ether, and most Web…

Details

DOI: 10.1108/OXAN-DB272937

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 6 July 2020

Oleksii Konashevych

Many recent social media posts and news may create a perception of big success in the use of blockchain for the real estate industry, land registration and protection of titles…

1326

Abstract

Purpose

Many recent social media posts and news may create a perception of big success in the use of blockchain for the real estate industry, land registration and protection of titles and property rights. A sobering outlook is crucial because misleading concepts may bury the whole idea of blockchain use. This paper aims to research the possibilities of blockchain and other distributed ledger technologies (DLT) and applicability of these technologies for different purposes in real estate, property rights and public registries.

Design/methodology/approach

This research is framed with policy studies and focuses on property rights, land registration regulatory framework and information and communication technologies innovations. The context of this paper is decentralization which has been developed in political science studies and the role of blockchain and DLT in it. Therefore, the provided analysis of blockchain and DLT is interdisciplinary research to interpret the facets of DLT technologies in the context of real estate and land title registration.

Findings

Permissioned and private DLT systems cannot be considered a significant evolutionary step in government systems. Blockchain, which is distinguished from permissioned systems as the technology of the immutable ledger that does not require authorities, is a new word in governance. However, this technology has some principal features that can restrain its implementation at the state level and thus require further research and development. The application of blockchain requires a proper architecture of overlaid technologies to support changes of outdated and mistaken data, address issues of digital identity and privacy, legal compliance and enforceability of smart contracts and scalability of the ledger.

Originality/value

This paper shows the constraints of the technology’s properties which were not explained before in the context of title rights and land registration even though technological limits are known in more specific technical sources. Along with the known benefits this meant to help to avoid misinterpretation of some DLT features by non-technical people. A multidisciplinary approach in analyzing the technology and laws helped to better understand what can and cannot be beneficial for public registries and the protection of property rights. The presented outcomes can be laid down as requirements for the technical protocols aimed at addressing the issues of DLT and public policies to put blockchain at the service of society.

Details

Journal of Property, Planning and Environmental Law, vol. 12 no. 2
Type: Research Article
ISSN: 2514-9407

Keywords

Article
Publication date: 12 January 2024

Mathew B. Fukuzawa, Brandon M. McConnell, Michael G. Kay, Kristin A. Thoney-Barletta and Donald P. Warsing

Demonstrate proof-of-concept for conducting NFL Draft trades on a blockchain network using smart contracts.

Abstract

Purpose

Demonstrate proof-of-concept for conducting NFL Draft trades on a blockchain network using smart contracts.

Design/methodology/approach

Using Ethereum smart contracts, the authors model several types of draft trades between teams. An example scenario is used to demonstrate contract interaction and draft results.

Findings

The authors show the feasibility of conducting draft-day trades using smart contracts. The entire negotiation process, including side deals, can be conducted digitally.

Research limitations/implications

Further work is required to incorporate the full-scale depth required to integrate the draft trading process into a decentralized user platform and experience.

Practical implications

Cutting time for the trade negotiation process buys decision time for team decision-makers. Gains are also made with accuracy and cost.

Social implications

Full-scale adoption may find resistance due to the level of fan involvement; the draft has evolved into an interactive experience for both fans and teams.

Originality/value

This research demonstrates the new application of smart contracts in the inter-section of sports management and blockchain technology.

Details

International Journal of Sports Marketing and Sponsorship, vol. 25 no. 2
Type: Research Article
ISSN: 1464-6668

Keywords

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