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Blockchain challenges and opportunities: a survey

Huaimin WangNational Laboratory for Parallel and Distributed Processing, National University of Defense Technology, Changsha 410073, ChinaZibin ZhengSchool of Data and Computer Science, Sun Yat-sen University, Guangzhou 510275, ChinaShaoan XieSchool of Data and Computer Science, Sun Yat-sen University, Guangzhou 510275, ChinaHong‐Ning DaiFaculty of Information Technology, Macau University of Science and Technology, Macau SARXiangping ChenInstitute of Advanced Technology, National Engineering Research Center of Digital Life, Sun Yat-sen University, Guangzhou 510275, China
2018en
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Annotatsiya

Blockchain has numerous benefits such as decentralisation, persistency, anonymity and auditability. There is a wide spectrum of blockchain applications ranging from cryptocurrency, financial services, risk management, internet of things (IoT) to public and social services. Although a number of studies focus on using the blockchain technology in various application aspects, there is no comprehensive survey on the blockchain technology in both technological and application perspectives. To fill this gap, we conduct a comprehensive survey on the blockchain technology. In particular, this paper gives the blockchain taxonomy, introduces typical blockchain consensus algorithms, reviews blockchain applications and discusses technical challenges as well as recent advances in tackling the challenges. Moreover, this paper also points out the future directions in the blockchain technology.

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