Skip to main content

Background III—What Is Blockchain Technology?

  • Hofmann E
  • Strewe U
  • Bosia N
N/ACitations
Citations of this article
17Readers
Mendeley users who have this article in their library.
Get full text

Abstract

Contrary to the current systems, with BCT, transactions are broadcasted, recorded and stored by many participants of the network and not in any central proprietary server, which allows transactions to be finalised in minutes because no reconciliation or any manual intervention is needed in the background. Further improvements of the technology offer the capability of implementing a broader range of software routines, including the entirety of what is offered by mere token systems, which opens up the possibility of also representing financial securities and instruments directly on the distributed ledger.

Cite

CITATION STYLE

APA

Hofmann, E., Strewe, U. M., & Bosia, N. (2018). Background III—What Is Blockchain Technology? (pp. 35–49). https://doi.org/10.1007/978-3-319-62371-9_4

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free