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Blockchain: A New Era of Technology

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Convergence of Internet of Things and Blockchain Technologies

Part of the book series: EAI/Springer Innovations in Communication and Computing ((EAISICC))

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Abstract

The revolution with technologies happens very often; one such technology is called “blockchain” which will be a game-changer in many functional sectors of the society. Initially, this technology was developed to support cryptocurrencies (such as Bitcoin, Ethereum, and Litecoin). Blockchain is just a growing list of records that are termed as blocks that are linked using cryptographic algorithms. Every block in the Blockchain contains a hash of the previous block with timestamp along with the data. The rapid growth of web and usage of Internet resources have pervaded Blockchain over a broad range of applications which includes finance, healthcare, agriculture, insurance, government, and manufacturing with potential advantages contributing to society. This chapter is for educators, practitioners, and professionals who want an overview of Blockchain technology and provides insights of understanding of Blockchain technology and its impact on economy. This chapter walks through foundation of Blockchain technology by highlighting its development history, Blockchain framework, challenges, and so on. Finally, the future of Blockchain in industrial applications along with some case studies is discussed.

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Author information

Authors and Affiliations

  1. Department of Information Science and Engineering, NIE Institute of Technology, Mysuru, Karnataka, India

    J. Sudeep & S. C. Girish

  2. VSG Software Solutions Private Limited, Mysuru, Karnataka, India

    Karthik Ganapathi

  3. Department of Computer Science and Engineering, NIE Institute of Technology, Mysuru, Karnataka, India

    K. Raghavendra

  4. Department of Computer Science, University of Houston-Downtown, Houston, TX, USA

    Hong Lin

  5. DevOps Engineer, Akuna Capital, Greater Chicago, IL, USA

    P. Subramanya

Authors
  1. J. Sudeep
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  2. S. C. Girish
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  3. Karthik Ganapathi
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  4. K. Raghavendra
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  5. Hong Lin
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  6. P. Subramanya
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Corresponding author

Correspondence to J. Sudeep .

Editor information

Editors and Affiliations

  1. Vidyavardhaka College of Engineering, Mysuru, Karnataka, India

    H L Gururaj

  2. Vidyavardhaka College of Engineering, Mysuru, Karnataka, India

    V Ravi Kumar

  3. Victoria University of Wellington, Wellington, New Zealand

    Sam Goundar

  4. Computers and Artificial Intelligence, Beni-Suef University, Egypt, Egypt

    Ahmed A Elngar

  5. Vidyavardhaka College of Engineering, Mysuru, Karnataka, India

    B H Swathi

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Sudeep, J., Girish, S.C., Ganapathi, K., Raghavendra, K., Lin, H., Subramanya, P. (2022). Blockchain: A New Era of Technology. In: Gururaj, H.L., Ravi Kumar, V., Goundar, S., Elngar, A.A., Swathi, B.H. (eds) Convergence of Internet of Things and Blockchain Technologies. EAI/Springer Innovations in Communication and Computing. Springer, Cham. https://doi.org/10.1007/978-3-030-76216-2_1

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  • DOI: https://doi.org/10.1007/978-3-030-76216-2_1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-76215-5

  • Online ISBN: 978-3-030-76216-2

  • eBook Packages: EngineeringEngineering (R0)

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