{"title":"The Advantages and Disadvantages of the Blockchain Technology","authors":"Jūlija Golosova, A. Romānovs","doi":"10.1109/AIEEE.2018.8592253","DOIUrl":null,"url":null,"abstract":"The Blockchain is the newest and perspective technology in modern economy. This technology can help to solve different kind of problems in the industrial sphere, such as trust, transparency, security and reliability of data processing. In theory, the use of Blockchain technology shows great and positive results, but what can say about practice? In this paper the description of the Blockchain technology, and it advantages and disadvantages are analyzed. Many already implemented applications of Blockchain technology were studied, as well as affected success or problems factors during the implementations. This paper aim is to analyze conveniences and difficulties, related to the Blockchain integration and implementation in the different fields of modern industry.","PeriodicalId":198244,"journal":{"name":"2018 IEEE 6th Workshop on Advances in Information, Electronic and Electrical Engineering (AIEEE)","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"164","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2018 IEEE 6th Workshop on Advances in Information, Electronic and Electrical Engineering (AIEEE)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/AIEEE.2018.8592253","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 164
Abstract
The Blockchain is the newest and perspective technology in modern economy. This technology can help to solve different kind of problems in the industrial sphere, such as trust, transparency, security and reliability of data processing. In theory, the use of Blockchain technology shows great and positive results, but what can say about practice? In this paper the description of the Blockchain technology, and it advantages and disadvantages are analyzed. Many already implemented applications of Blockchain technology were studied, as well as affected success or problems factors during the implementations. This paper aim is to analyze conveniences and difficulties, related to the Blockchain integration and implementation in the different fields of modern industry.
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