Blockchain Technology In SBN

5 important questions on Blockchain Technology In SBN




Blockchain technology is the enabler for?

- Smart contracts: coded contracts on the blockchain that automatically move digital assets according to arbitrary specified rules.
- Servification: risk-free exploitation of physical goods as a service, like car rental services that remotely disable the ignition system in the event that payment fails according to data on the blockchain.
- Tokenization: process of converting rights to real world assets into a digital token on a blockchain.




Distributed application (dApp)




A collection of smart contracts, acting like an application. A dApp is a serverless html5 application that uses one or more decentralized technologies.




Near future for blockchain

- Regulation (that goes beyond 'no')
- Real business models (ASML)
- Scaling (sharing)
- Standards (e.g. ERC20)
- Ecosystem between blockchains
- Lower entry (low coding platforms)
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Blockchain technology (Williams et al.)




A distributed ledger technology that can identify participants, automatically execute transactions, and provide a platform to support advanced functions and business logic known as smart contract.




Distributed ledger technology

Based on number of established technologies:
- Blockchain: secure record of historical transitions, collected into blocks, chained in chronological order and distributed across a number of different servers to create reliable provenance.
- Digital signatures: unique digital keys used to authorize and check transactions to identify the imitator.
- Consensus mechanism: rules and techniques to ensure that participants recording, and processing transactions agree on which transactions are valid, and in some implementations.
- Digital currency: cryptographic tokens thar represent value.

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