at Google ScholarTitle data
Stramm, Jan ; Lautenschlager, Jonathan ; Keppler, Lars:
Blockchain Technology.
In: Fridgen, Gilbert ; Guggenberger, Tobias ; Sedlmeir, Johannes ; Urbach, Nils
(ed.):
Decentralization Technologies : Financial Sector in Change. -
Cham
: Springer
,
2024
. - pp. 49-64
ISBN 978-3-031-66046-7
DOI: https://doi.org/10.1007/978-3-031-66047-4_3
Abstract in another language
This chapter summarizes a comprehensive examination of blockchain technology and distributed ledger technology (DLT) in the financial sector, highlighting its application in distributed systems and the significance of Byzantine fault tolerance (BFT) in ensuring secure and reliable financial transactions. In this regard, we delve deeper into the technological building blocks of blockchain, including its peer-to-peer (P2P) network, cryptographic hash functions, consensus mechanisms, and public key cryptography, emphasizing their collective role in secure data management and transaction processing. Furthermore, the versatility of blockchain in finance through the examples of Bitcoin, Ethereum, and Hyperledger Fabric illustrates unique characteristics and applications for digital currency transactions, decentralized finance, and enterprise solutions. The chapter also discusses the intricacies of tokens, transactions, and wallets in financial applications, including the emergence of decentralized finance (DeFi), in particular, stablecoins, decentralized exchanges (DEXs), and lending protocols. Finally, it addresses the growing role of noncore financial applications such as fair lotteries, prediction markets, and decentralized gaming, underscoring the expanding scope and potential of blockchain technology in revolutionizing the financial sector.
Further data
| Item Type: | Article in a book |
|---|---|
| Refereed: | No |
| Keywords: | Blockchain; Distributed Ledger Technologies; Regulation; Financial Markets; Data Markets; Digital Identities; Machine Learning; Identity; Decentralized Finance; Federated Learning; Disruption |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Business Administration Research Institutions Research Institutions > Affiliated Institutes Research Institutions > Affiliated Institutes > Branch Business and Information Systems Engineering of Fraunhofer FIT Research Institutions > Affiliated Institutes > FIM Research Center for Information Management |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 000 Computer Science, information, general works > 004 Computer science 300 Social sciences > 330 Economics |
| Date Deposited: | 27 Jun 2025 05:09 |
| Last Modified: | 27 Jun 2025 05:09 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/94002 |