Blockchain Technology In SBN
5 important questions on Blockchain Technology In SBN
Blockchain technology is the enabler for?
- Servification: risk-free exploitation of physical goods as a service, like car rental services that remotely disable the ignition system in the event that payment fails according to data on the blockchain.
- Tokenization: process of converting rights to real world assets into a digital token on a blockchain.
Distributed application (dApp)
A collection of smart contracts, acting like an application. A dApp is a serverless html5 application that uses one or more decentralized technologies.
Near future for blockchain
- Real business models (ASML)
- Scaling (sharing)
- Standards (e.g. ERC20)
- Ecosystem between blockchains
- Lower entry (low coding platforms)
- Higher grades + faster learning
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- 100% sure, 100% understanding
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Blockchain technology (Williams et al.)
A distributed ledger technology that can identify participants, automatically execute transactions, and provide a platform to support advanced functions and business logic known as smart contract.
Distributed ledger technology
- Blockchain: secure record of historical transitions, collected into blocks, chained in chronological order and distributed across a number of different servers to create reliable provenance.
- Digital signatures: unique digital keys used to authorize and check transactions to identify the imitator.
- Consensus mechanism: rules and techniques to ensure that participants recording, and processing transactions agree on which transactions are valid, and in some implementations.
- Digital currency: cryptographic tokens thar represent value.
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The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
