Abstract
Various distributed ledger technologies (DLTs), such as blockchain, have evolved significantly in recent years. These technologies provide a robust and effective solution for providing confidentiality, integrity, nonrepudiation, authentication, and transparency. While blockchain has many advantages, it has various limitations as well, such as complexity, low throughput, privacy, and so on. We discuss the issues that must be considered when deciding whether to use these technologies in a given case or not. We describe the operation of blockchain, application areas where blockchain is suitable, and those where it is not. We also discuss the applicability of other emerging DLTs, apart from blockchain technology, such as Hashgraph, Zcash, Nano coin, and IOTA.
Original language | English |
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Article number | e4334 |
Journal | Transactions on Emerging Telecommunications Technologies |
Volume | 32 |
Issue number | 10 |
DOIs | |
State | Published - Oct 2021 |
Bibliographical note
Funding Information:This work was supported by DST-SERB (Science and Engineering Research Board (SERB)) funding received by Dr. Vinay Chamola under Project Grant File no. ECR/2018/001479. We thank the anonymous reviewers for their valuable comments which helped us improve presentation and content of this article.
Funding Information:
This work was supported by DST‐SERB (Science and Engineering Research Board (SERB)) funding received by Dr. Vinay Chamola under Project Grant File no. ECR/2018/001479. We thank the anonymous reviewers for their valuable comments which helped us improve presentation and content of this article.
Publisher Copyright:
© 2021 John Wiley & Sons, Ltd.
ASJC Scopus subject areas
- Electrical and Electronic Engineering