An Overview of Blockchain Applications and Attacks

Rahul Rao Vokerla, Bharanidharan Shanmugam, Sami Azam, Asif Karim, Friso De Boer, Mirjam Jonkman, Fahad Faisal

Research output: Chapter in Book/Report/Conference proceedingConference Paper published in ProceedingsResearchpeer-review

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 languageEnglish
Title of host publicationProceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019
PublisherIEEE, Institute of Electrical and Electronics Engineers
Number of pages6
ISBN (Electronic)9781538693537
DOIs
Publication statusPublished - Mar 2019
Event2019 International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 - Vellore, Tamilnadu, India
Duration: 30 Mar 201931 Mar 2019

Publication series

NameProceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019

Conference

Conference2019 International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019
CountryIndia
CityVellore, Tamilnadu
Period30/03/1931/03/19

Fingerprint

Peer to peer networks
Reforming reactions
Health care
Cryptography
Information technology
Innovation
Industry
Financial markets

Cite this

Vokerla, R. R., Shanmugam, B., Azam, S., Karim, A., Boer, F. D., Jonkman, M., & Faisal, F. (2019). An Overview of Blockchain Applications and Attacks. In Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019 [8899450] (Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019). IEEE, Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/ViTECoN.2019.8899450
Vokerla, Rahul Rao ; Shanmugam, Bharanidharan ; Azam, Sami ; Karim, Asif ; Boer, Friso De ; Jonkman, Mirjam ; Faisal, Fahad. / An Overview of Blockchain Applications and Attacks. Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019. IEEE, Institute of Electrical and Electronics Engineers, 2019. (Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019).
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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.",
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Vokerla, RR, Shanmugam, B, Azam, S, Karim, A, Boer, FD, Jonkman, M & Faisal, F 2019, An Overview of Blockchain Applications and Attacks. in Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019., 8899450, Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019, IEEE, Institute of Electrical and Electronics Engineers, 2019 International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019, Vellore, Tamilnadu, India, 30/03/19. https://doi.org/10.1109/ViTECoN.2019.8899450

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 proceedingConference Paper published in ProceedingsResearchpeer-review

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AU - Azam, Sami

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AU - Jonkman, Mirjam

AU - Faisal, Fahad

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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

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M3 - Conference Paper published in Proceedings

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BT - Proceedings - International Conference on Vision Towards Emerging Trends in Communication and Networking, ViTECoN 2019

PB - IEEE, Institute of Electrical and Electronics Engineers

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Vokerla RR, Shanmugam B, Azam S, Karim A, Boer FD, Jonkman M et al. An Overview of Blockchain Applications and Attacks. In 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). https://doi.org/10.1109/ViTECoN.2019.8899450