Abstract
In recent decades, Information Technology has contributed fundamentally to the development of financial markets, reforming the way in which financial institutions interact with each other. However, the established practices and norms of this sector may face an all-out overhaul as remarkable innovations such as Blockchain are maturing. The essence of Blockchain is that it is a public, shared and carefully designed record that allows mutually unknown individuals and institutions to share data in a reliable ledger and carry out all kinds of transactions. This ground-breaking technology is developed from cryptography and peer-to-peer network technologies. It is nearly immune to the majority of today's digital threats. Besides financial institutions, Blockchain based solutions have made it into other industries such as real estate, health care, the media as well as Government bodies. This paper will explain how Blockchain works, what it really is, types, its applications and threats and will offer a few ideas for prospective expansion of this technology.
| Original language | English |
|---|---|
| Title of host publication | Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 |
| Publisher | IEEE, Institute of Electrical and Electronics Engineers |
| Number of pages | 6 |
| ISBN (Electronic) | 9781538693537 |
| DOIs | |
| Publication status | Published - Mar 2019 |
| Event | 2019 International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 - Vellore, Tamilnadu, India Duration: 30 Mar 2019 → 31 Mar 2019 |
Publication series
| Name | Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 |
|---|
Conference
| Conference | 2019 International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 |
|---|---|
| Country | India |
| City | Vellore, Tamilnadu |
| Period | 30/03/19 → 31/03/19 |
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An Overview of Blockchain Applications and Attacks. / Vokerla, Rahul Rao; Shanmugam, Bharanidharan; Azam, Sami; Karim, Asif; Boer, Friso De; Jonkman, Mirjam; Faisal, Fahad.
Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019. IEEE, Institute of Electrical and Electronics Engineers, 2019. 8899450 (Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019).Research output: Chapter in Book/Report/Conference proceeding › Conference Paper published in Proceedings › Research › peer-review
TY - GEN
T1 - An Overview of Blockchain Applications and Attacks
AU - Vokerla, Rahul Rao
AU - Shanmugam, Bharanidharan
AU - Azam, Sami
AU - Karim, Asif
AU - Boer, Friso De
AU - Jonkman, Mirjam
AU - Faisal, Fahad
PY - 2019/3
Y1 - 2019/3
N2 - In recent decades, Information Technology has contributed fundamentally to the development of financial markets, reforming the way in which financial institutions interact with each other. However, the established practices and norms of this sector may face an all-out overhaul as remarkable innovations such as Blockchain are maturing. The essence of Blockchain is that it is a public, shared and carefully designed record that allows mutually unknown individuals and institutions to share data in a reliable ledger and carry out all kinds of transactions. This ground-breaking technology is developed from cryptography and peer-to-peer network technologies. It is nearly immune to the majority of today's digital threats. Besides financial institutions, Blockchain based solutions have made it into other industries such as real estate, health care, the media as well as Government bodies. This paper will explain how Blockchain works, what it really is, types, its applications and threats and will offer a few ideas for prospective expansion of this technology.
AB - In recent decades, Information Technology has contributed fundamentally to the development of financial markets, reforming the way in which financial institutions interact with each other. However, the established practices and norms of this sector may face an all-out overhaul as remarkable innovations such as Blockchain are maturing. The essence of Blockchain is that it is a public, shared and carefully designed record that allows mutually unknown individuals and institutions to share data in a reliable ledger and carry out all kinds of transactions. This ground-breaking technology is developed from cryptography and peer-to-peer network technologies. It is nearly immune to the majority of today's digital threats. Besides financial institutions, Blockchain based solutions have made it into other industries such as real estate, health care, the media as well as Government bodies. This paper will explain how Blockchain works, what it really is, types, its applications and threats and will offer a few ideas for prospective expansion of this technology.
KW - Bitcoin
KW - Blockchain attacks
KW - Distributed ledger technology
KW - Double spending
KW - Public ledger
UR - http://www.scopus.com/inward/record.url?scp=85067465817&partnerID=8YFLogxK
U2 - 10.1109/ViTECoN.2019.8899450
DO - 10.1109/ViTECoN.2019.8899450
M3 - Conference Paper published in Proceedings
T3 - Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019
BT - Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019
PB - IEEE, Institute of Electrical and Electronics Engineers
ER -