Blockchains Technology Analysis: Applications, Current Trends and Future Directions—An Overview

Malhotra, Neha; Malhotra, Dheeraj; Rishi, O. P.

doi:10.1007/978-981-15-3284-9_45

Cited by 7 publications

(6 citation statements)

References 26 publications

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“…At the moment very few people have such portfolio skills and their unavailability can influence the development, deployment and utilization of blockchain development that is very critical and will clearly warrant its premium compensation 1,6 . Junejo et al 42 state that “blockchain technology still have poor experience,” and lack of its knowledge is a formidable factor that hinder its respective practical application development to gain competitive advantage in the market 16 …”

Section: Resultsmentioning

confidence: 99%

“…This imperfection make the development of blockchain application harder because most of the organization are unaware and have not yet recognize the potentials of blockchain development to achieve their increased efficiency 4 . The blockchain developers lack its understanding because of its unawareness and feel hesitation in order to move from traditional centralized systems to the existing decentralized cutting‐edge technology, that is, blockchain system 40–42 . Due to negative environmental perception and organizational transformation for their insufficient understanding lead to unfavorable reaction that distrust blockchain acceptance 34,43 .…”

Section: Resultsmentioning

confidence: 99%

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Challenges and solutions in the development of blockchain applications: Extraction from SLR and empirical study

Nabi,

Ilyas,

Ahmad

2024

J Software Evolu Process

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Data protection is the most prior and valuable concern as stealing personal/organizational data by cyber criminals may arise issues ranging from privacy disclosure to system hacking. Blockchain is considered a top leading technology with the influence to reshape future industries, but like other revolutionary technologies, blockchain has its merits and demerits as well. However, due to its nascent stage, blockchain technology poses numerous challenges that hinder the effective development of blockchain. To uncover this potential hindrance and group the relevant barriers, a total of 12 challenges that may hinder the progress of blockchain application development have been identified from a sample of 52 primary studies. Based on the results of our research, the six challenges are considered critical an account for more than 30% occurrence. The critical challenges are “Lack of Proper Development Tools and Technology,” “Security Precaution Measures,” “Lack of Governance and Standards,” “Lack of Professional Expertise with Essential Skills and Knowledge,” “Lack of Organizational Support,” and “Interoperability Integration.” Using a comprehensive systematic literature review (SLR) and a questionnaire survey, a list of 65 solutions/practices has been identified to address the challenges that were identified. These solutions/practices will help blockchain developers to address the identified challenges and develop benign blockchain application in future. The results of our questionnaire survey largely align with the findings of the SLR. However, there are variations in the ranking of the challenges between the two datasets. The finding of this paper is to provide insights that can assist in streamlining and optimizing the development process of blockchain applications with greater ease and efficiency.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Challenges and solutions in the development of blockchain applications: Extraction from SLR and empirical study

Nabi,

Ilyas,

Ahmad

2024

J Software Evolu Process

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“…The potential of blockchain in both financial and non-financial domains is explored in depth by Chatterjee & Chatterjee (2017). Junejo, Memon, Junejo, Talpur, and Memon (2020) delves deeper into the applications of blockchain, shedding light on current research trajectories, inherent limitations, and prospective future avenues. Collectively, these studies underscore the transformative potential of blockchain, suggesting its capacity to challenge conventional business models and decentralize the World Wide Web.…”

Section: Blockchain Technologymentioning

confidence: 99%

Blok Zinciri, Kripto Para Muhasebesi ve Piyasa Dinamikleri: Kripto Para Değerlemeleri ve Piyasa Faiz Oranları Arasındaki Korelasyon

KARADAĞ,

ATAGAN ÇETİN

2023

OPUS JSR

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In this study, the five most well-known cryptocurrencies in the blockchain-based decentralized financing structure were compared with the centralized market interest rates, and it was examined whether there is a significant relationship between the changes in market interest rates and the prices of cryptocurrencies. Key findings indicate a significant relationship between most cryptocurrencies, such as Dash, Litecoin, Ethereum, and Bitcoin, with market interest rates. However, XRP emerges as an exception. In addition to the comparative analysis between cryptocurrencies and market interest rates, this study delves into the underlying mechanisms that govern these relationships. It explores the role of blockchain technology in shaping the decentralized financing structure and highlights the intricacies of various cryptographic algorithms. The research also emphasizes the need for specialized accounting practices that cater to the unique challenges posed by cryptocurrencies. This study bridges the understanding between conventional economic mechanisms and the innovative world of cryptocurrencies, offering inferences that are important for investors, financial analysts, and accountants in the digital age.

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“…Existing information systems do not have a reliable track of student performance data. Therefore, in this paper, we intend to overcome this gap by using the cutting-edge technology of the blockchain networks [14]. The main contributions of the manuscript, in this regard, are elaborated in upcoming section.…”

Section: B Research Gapmentioning

confidence: 99%

“…The idea of blockchain technology was introduced with the advent of bitcoin, popularly known cryptocurrency [14]. The technology eliminates the need of third parties for transactions and has been proven to be more time efficient as compared to the third-party hosted system [15].…”

Section: B Blockchain As a Solutionmentioning

confidence: 99%

Blockchain based Framework for Efficient Student Performance Tracking (BloSPer)

Junejo¹,

Dziatkovskii²,

Hashmani³

et al. 2022

IJACSA

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For maintaining sustainable economy, the government of Malaysia is working towards improvising the standards of education in higher education institutes. According to reports, around 32% of enrolled students in Public Universities of Malaysia are unable to graduate on time due to unknown reasons. To ensure more students graduate on time with high quality of education, continuous monitoring of the student is essential. Continual tracking will allow the student as well as the educator to analyze the weak performer at an early stage. Tracking the student performance manually is challenging but with the advancements in information technology, keeping a track of student performance has been relatively easier. Therefore, the fundamental aim of this paper is to present a novel blockchain framework for record keeping and student performance tracking. We name this framework BloSPer (Blockchain Student Performance Tracking System). BloSPer has an edge over the existing systems as current systems face problems of single point of failure and unreliable data. The proposed framework will enable the students and educators to track the performance of the students in a more convenient and transparent manner. Due to this, it will be simpler for them to analyze the reasons of a students' poor performance. Moreover, the data gathered through the system will be more reliable and worthy for data analytics because of tamper resistance provided through blockchain. This will result in much knowledgeable decisions by the institutions regarding improving the performance of each individual candidate.

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Blockchains Technology Analysis: Applications, Current Trends and Future Directions—An Overview

Cited by 7 publications

References 26 publications

Challenges and solutions in the development of blockchain applications: Extraction from SLR and empirical study

Challenges and solutions in the development of blockchain applications: Extraction from SLR and empirical study

Blok Zinciri, Kripto Para Muhasebesi ve Piyasa Dinamikleri: Kripto Para Değerlemeleri ve Piyasa Faiz Oranları Arasındaki Korelasyon

Blockchain based Framework for Efficient Student Performance Tracking (BloSPer)

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