Abstract
In this chapter, we discuss one of the most important technologies of FinTech, the blockchain. We choose the blockchain because it is very related to the development of big data. As here are many technical books about blockchain, our focus is not on the technical part. We will first make a brief introduction and then discuss the various applications of blockchain technology, especially those related to big data.
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Notes
- 1.
There is another property called “puzzle friendly”, which is related to the mining activity of Bitcoin. Our focus is not on mining, so we only discuss collision resistance and hiding.
- 2.
The block has a databased of a Merkle tree, so the root is also called Merkle root. We will not discuss the technical part of Bitcoin, and simply use the root in this book.
- 3.
The Bitcoin and Ether are accounting for more than 90% of the ICO transactions.
- 4.
The original standard of Ethereum is called ERC-20.
- 5.
The full name of DC/EP is digital currency electronic payment.
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Qiu, Z., Huo, X., Dai, Y. (2022). FinTech Technology: Blockchain. In: Fintech and Financial Risk in China. Contributions to Finance and Accounting. Springer, Singapore. https://doi.org/10.1007/978-981-19-0288-8_5
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DOI: https://doi.org/10.1007/978-981-19-0288-8_5
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