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A Survey of Blockchain Technology Applications and Consensus Algorithm

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Sustainable Communication Networks and Application

Part of the book series: Lecture Notes on Data Engineering and Communications Technologies ((LNDECT,volume 55))

Abstract

Blockchain technology applications are growing fast in today’s digital world. Blockchain technology is a decentralized and immutable data format. Blockchain consists of a distributed ledger of information called blocks. However, to use blockchain effectively, it is necessary to consider solving the security and privacy problems. This technology is applied in various fields, for example, finance, healthcare, cybersecurity to name a few. The consensus layer is the most important for the blockchain architecture, in which the consensus protocol is confirmed to how the new block is added to the blockchain network. A consensus algorithm is used to solve mathematical puzzles and increases the overall security for each transaction. Here, a survey is presented on the state-of-the-art of blockchain technology, its applications to different fields and classification of the consensus algorithms.

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Acknowledgements

The first author thanks the management of Kalasalingam Academy of Research and Education for providing scholarship for carrying out this research work.

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Authors and Affiliations

  1. Department of Information Technology, Kalasalingam Academy of Research and Education, Anandnagar, Krishnankoil, Tamilnadu, 626126, India

    E. Indhuja & M. Venkatesulu

Authors
  1. E. Indhuja
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  2. M. Venkatesulu
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Corresponding author

Correspondence to E. Indhuja .

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Editors and Affiliations

  1. Department of EEE, Shree Venkateshwara Hi-Tech Engineering, Erode, Tamil Nadu, India

    P. Karuppusamy

  2. Department of Computer Engineering and Informatics, University of Patras, Patras, Greece

    Isidoros Perikos

  3. College of Information and Engineering, Wenzhou Medical University, Wenzhou, China

    Fuqian Shi

  4. Department of Computer Science, Purdue University Fort Wayne, Fort Wayne, IN, USA

    Tu N. Nguyen

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Indhuja, E., Venkatesulu, M. (2021). A Survey of Blockchain Technology Applications and Consensus Algorithm. In: Karuppusamy, P., Perikos, I., Shi, F., Nguyen, T.N. (eds) Sustainable Communication Networks and Application. Lecture Notes on Data Engineering and Communications Technologies, vol 55. Springer, Singapore. https://doi.org/10.1007/978-981-15-8677-4_15

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  • DOI: https://doi.org/10.1007/978-981-15-8677-4_15

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-15-8676-7

  • Online ISBN: 978-981-15-8677-4

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