{"title":"Blockchain Security Attacks, Difficulty, and Prevention","authors":"Amrita Jyoti, Vikash Yadav, Mayur Rahul","doi":"10.2174/0123520965252489231002071659","DOIUrl":null,"url":null,"abstract":"Abstract: Blockchain technology is increasingly attracting young people because it is so well adapted to the digital age. A decentralised data management system is necessary for the blockchain idea in order to store and share data and transactions throughout the network. This study investigates various types of risks associated with blockchain technology. The research covers different aspects of blockchain, including the architecture, consensus mechanism, smart contracts, and underlying cryptographic algorithms. It also examines the risks associated with the adoption and implementation of blockchain in various industries, such as finance, healthcare, and supply chain management. Moreover, this study identifies several types of risks, including technical risks, such as scalability, interoperability, and security, as well as non-technical risks, such as regulatory compliance, legal liability, and governance issues. This study also discusses the potential impact of these risks on blockchain-based systems and the strategies that can be used to mitigate them.","PeriodicalId":43275,"journal":{"name":"Recent Advances in Electrical & Electronic Engineering","volume":"63 1","pages":"0"},"PeriodicalIF":0.6000,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Recent Advances in Electrical & Electronic Engineering","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2174/0123520965252489231002071659","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ENGINEERING, ELECTRICAL & ELECTRONIC","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract: Blockchain technology is increasingly attracting young people because it is so well adapted to the digital age. A decentralised data management system is necessary for the blockchain idea in order to store and share data and transactions throughout the network. This study investigates various types of risks associated with blockchain technology. The research covers different aspects of blockchain, including the architecture, consensus mechanism, smart contracts, and underlying cryptographic algorithms. It also examines the risks associated with the adoption and implementation of blockchain in various industries, such as finance, healthcare, and supply chain management. Moreover, this study identifies several types of risks, including technical risks, such as scalability, interoperability, and security, as well as non-technical risks, such as regulatory compliance, legal liability, and governance issues. This study also discusses the potential impact of these risks on blockchain-based systems and the strategies that can be used to mitigate them.
期刊介绍:
Recent Advances in Electrical & Electronic Engineering publishes full-length/mini reviews and research articles, guest edited thematic issues on electrical and electronic engineering and applications. The journal also covers research in fast emerging applications of electrical power supply, electrical systems, power transmission, electromagnetism, motor control process and technologies involved and related to electrical and electronic engineering. The journal is essential reading for all researchers in electrical and electronic engineering science.