Emerging Technologies: Blockchain and Smart Contracts

Aristeidis Davelis; Usman Javed Butt; Gemma Pendlebury; Khaled El Hussein

doi:10.1007/978-3-030-98225-6_6

Emerging Technologies: Blockchain and Smart Contracts

Aristeidis Davelis
, Usman Javed Butt
, Gemma Pendlebury
, Khaled El Hussein

Northumbria University

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

6 Scopus citations

Abstract

This chapter begins by briefly covering the history of Blockchain and introducing its core elements, continuing to explain the fundamentals of Blockchain technology and Smart Contracts. A discussion is made on nodes, consensus mechanisms, digital signatures and cryptographic hashes, types of blockchains, Ethereum, and Smart Contracts benefits. After that, it explores the distributed ledger technology (DLT) and blockchain as a subset of DLT in greater detail, discussing the benefits and challenges of DLT with Blockchain. It then presents us with some of the interesting use cases of Blockchain within various industries including financial, healthcare, manufacturing, and agriculture. Furthermore, it provides a roadmap for successfully implementing Blockchain in modern business, with recommendations on preparation, design and planning, implementation, and review. Finally, it explores future trends in DLT, blockchain and Smart Contracts.

Original language	English
Title of host publication	Advanced Sciences and Technologies for Security Applications
Publisher	Springer
Pages	143-169
Number of pages	27
DOIs	https://doi.org/10.1007/978-3-030-98225-6_6
State	Published - 2022
Externally published	Yes

Publication series

Name	Advanced Sciences and Technologies for Security Applications
ISSN (Print)	1613-5113
ISSN (Electronic)	2363-9466

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Bitcoin
Blockchain
Blockchain benefits and challenges
Blockchain implementation
Blockchain use cases
Consensus
Distributed ledger technology
Ethereum
Future of blockchain
Smart contracts

Access to Document

10.1007/978-3-030-98225-6_6

Cite this

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title = "Emerging Technologies: Blockchain and Smart Contracts",

abstract = "This chapter begins by briefly covering the history of Blockchain and introducing its core elements, continuing to explain the fundamentals of Blockchain technology and Smart Contracts. A discussion is made on nodes, consensus mechanisms, digital signatures and cryptographic hashes, types of blockchains, Ethereum, and Smart Contracts benefits. After that, it explores the distributed ledger technology (DLT) and blockchain as a subset of DLT in greater detail, discussing the benefits and challenges of DLT with Blockchain. It then presents us with some of the interesting use cases of Blockchain within various industries including financial, healthcare, manufacturing, and agriculture. Furthermore, it provides a roadmap for successfully implementing Blockchain in modern business, with recommendations on preparation, design and planning, implementation, and review. Finally, it explores future trends in DLT, blockchain and Smart Contracts.",

keywords = "Bitcoin, Blockchain, Blockchain benefits and challenges, Blockchain implementation, Blockchain use cases, Consensus, Distributed ledger technology, Ethereum, Future of blockchain, Smart contracts",

author = "Aristeidis Davelis and Butt, \{Usman Javed\} and Gemma Pendlebury and Hussein, \{Khaled El\}",

note = "Publisher Copyright: {\textcopyright} 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.",

year = "2022",

doi = "10.1007/978-3-030-98225-6\_6",

language = "English",

series = "Advanced Sciences and Technologies for Security Applications",

publisher = "Springer",

pages = "143--169",

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T2 - Blockchain and Smart Contracts

AU - Davelis, Aristeidis

AU - Butt, Usman Javed

AU - Pendlebury, Gemma

AU - Hussein, Khaled El

PY - 2022

Y1 - 2022

N2 - This chapter begins by briefly covering the history of Blockchain and introducing its core elements, continuing to explain the fundamentals of Blockchain technology and Smart Contracts. A discussion is made on nodes, consensus mechanisms, digital signatures and cryptographic hashes, types of blockchains, Ethereum, and Smart Contracts benefits. After that, it explores the distributed ledger technology (DLT) and blockchain as a subset of DLT in greater detail, discussing the benefits and challenges of DLT with Blockchain. It then presents us with some of the interesting use cases of Blockchain within various industries including financial, healthcare, manufacturing, and agriculture. Furthermore, it provides a roadmap for successfully implementing Blockchain in modern business, with recommendations on preparation, design and planning, implementation, and review. Finally, it explores future trends in DLT, blockchain and Smart Contracts.

AB - This chapter begins by briefly covering the history of Blockchain and introducing its core elements, continuing to explain the fundamentals of Blockchain technology and Smart Contracts. A discussion is made on nodes, consensus mechanisms, digital signatures and cryptographic hashes, types of blockchains, Ethereum, and Smart Contracts benefits. After that, it explores the distributed ledger technology (DLT) and blockchain as a subset of DLT in greater detail, discussing the benefits and challenges of DLT with Blockchain. It then presents us with some of the interesting use cases of Blockchain within various industries including financial, healthcare, manufacturing, and agriculture. Furthermore, it provides a roadmap for successfully implementing Blockchain in modern business, with recommendations on preparation, design and planning, implementation, and review. Finally, it explores future trends in DLT, blockchain and Smart Contracts.

KW - Bitcoin

KW - Blockchain

KW - Blockchain benefits and challenges

KW - Blockchain implementation

KW - Blockchain use cases

KW - Consensus

KW - Distributed ledger technology

KW - Ethereum

KW - Future of blockchain

KW - Smart contracts

UR - https://www.scopus.com/pages/publications/85129627465

U2 - 10.1007/978-3-030-98225-6_6

DO - 10.1007/978-3-030-98225-6_6

M3 - Chapter

AN - SCOPUS:85129627465

T3 - Advanced Sciences and Technologies for Security Applications

SP - 143

EP - 169

BT - Advanced Sciences and Technologies for Security Applications

PB - Springer

ER -

Emerging Technologies: Blockchain and Smart Contracts

Abstract

Publication series

UN SDGs

Keywords

Access to Document

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