THE USE OF BLOCKCHAINS. AN R APPROACH
The cryptocurrency is a hot topic and understanding the blockchain is very important. Also, understanding what blockchain may lead to more decentralized services and applications to be used, not only in relation to financial applications. Today, blockchains can be used to for smart contracts, dece...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University Publishing House
2018-05-01
|
| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2018_articles/index.php?dir=5_economic_sciences%2F&download=CKS_2018_economic_sciences_012.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850058711195713536 |
|---|---|
| author | Nicolae-Marius JULA Nicoleta JULA |
| author_facet | Nicolae-Marius JULA Nicoleta JULA |
| author_sort | Nicolae-Marius JULA |
| collection | DOAJ |
| description | The cryptocurrency is a hot topic and understanding the blockchain is very important. Also, understanding what
blockchain may lead to more decentralized services and applications to be used, not only in relation to financial applications.
Today, blockchains can be used to for smart contracts, decentralized networks, governments and non-profit organizations,
banks and even photography copyright recordings and smart contracts for music artists. Even World Economic Forum
predicted that by 2015 about 10% of global GDP will be stored on blockchain technology. The blockchain technology cosists
in creating a chain of blocks, validated with a hash function and under a “proof of work” concept, which limits speed of
creating new blocks. The new technology is open source, but recently has attracted the attention of big software players, like
Microsoft and other companies (BBVA, UBS). In this paper, we present a simple R implementation of a blockchain, containing
a initial block, creation of each blocks (including hash and proof of work) and the creation of the chain. Data validation and
the lack of so-called middle man, minimization of the fees, increasing the speed of transactions, security and anonymity
provided by this technology are good arguments for ensuring the continuous development of the technology and its spreading
in everyday activities. |
| format | Article |
| id | doaj-art-df62184f37aa4d5bace39c8e2ac355ba |
| institution | DOAJ |
| issn | 2068-7796 2068-7796 |
| language | English |
| publishDate | 2018-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-df62184f37aa4d5bace39c8e2ac355ba2025-08-20T02:51:04ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962068-77962018-05-0112-883888THE USE OF BLOCKCHAINS. AN R APPROACHNicolae-Marius JULA0Nicoleta JULA1Lecturer, PhD, Faculty of Economics and Business Administration, Nicolae Titulescu University, Bucharest (e-mail: mariusjula@univnt.ro)Professor, PhD, Faculty of Economics and Business Administration, Nicolae Titulescu University, Bucharest (e-mail: nicoletajula@univnt.ro)The cryptocurrency is a hot topic and understanding the blockchain is very important. Also, understanding what blockchain may lead to more decentralized services and applications to be used, not only in relation to financial applications. Today, blockchains can be used to for smart contracts, decentralized networks, governments and non-profit organizations, banks and even photography copyright recordings and smart contracts for music artists. Even World Economic Forum predicted that by 2015 about 10% of global GDP will be stored on blockchain technology. The blockchain technology cosists in creating a chain of blocks, validated with a hash function and under a “proof of work” concept, which limits speed of creating new blocks. The new technology is open source, but recently has attracted the attention of big software players, like Microsoft and other companies (BBVA, UBS). In this paper, we present a simple R implementation of a blockchain, containing a initial block, creation of each blocks (including hash and proof of work) and the creation of the chain. Data validation and the lack of so-called middle man, minimization of the fees, increasing the speed of transactions, security and anonymity provided by this technology are good arguments for ensuring the continuous development of the technology and its spreading in everyday activities.http://cks.univnt.ro/uploads/cks_2018_articles/index.php?dir=5_economic_sciences%2F&download=CKS_2018_economic_sciences_012.pdfblockchaincryptocurrencyRproof of worktechnology |
| spellingShingle | Nicolae-Marius JULA Nicoleta JULA THE USE OF BLOCKCHAINS. AN R APPROACH Challenges of the Knowledge Society blockchain cryptocurrency R proof of work technology |
| title | THE USE OF BLOCKCHAINS. AN R APPROACH |
| title_full | THE USE OF BLOCKCHAINS. AN R APPROACH |
| title_fullStr | THE USE OF BLOCKCHAINS. AN R APPROACH |
| title_full_unstemmed | THE USE OF BLOCKCHAINS. AN R APPROACH |
| title_short | THE USE OF BLOCKCHAINS. AN R APPROACH |
| title_sort | use of blockchains an r approach |
| topic | blockchain cryptocurrency R proof of work technology |
| url | http://cks.univnt.ro/uploads/cks_2018_articles/index.php?dir=5_economic_sciences%2F&download=CKS_2018_economic_sciences_012.pdf |
| work_keys_str_mv | AT nicolaemariusjula theuseofblockchainsanrapproach AT nicoletajula theuseofblockchainsanrapproach AT nicolaemariusjula useofblockchainsanrapproach AT nicoletajula useofblockchainsanrapproach |