2018, Volume 20, Issue 2
Strategic Study of CAE >> 2018, Volume 20, Issue 2 doi: 10.15302/J-SSCAE-2018.02.005
Technology Development and Application of Blockchain: Current Status and Challenges
1. Institute of Computing Technology, Chinese Academy of Sciences, Beijing 100190, China;
2. University of Chinese Academy of Sciences, Beijing 101407, China
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Abstract
Blockchain, as the backbone of the future "Internet of Value" model, is considered to have the potential to significantly alter the current state of the economy and society. This paper explains the state-of-the-art development in blockchain technologies (e.g. blockchain architecture, consensus algorithm, privacy preserving, smart contract, and chain interoperability) and its applications, especially considering the technological challenges encountered when blockchain is widely applied in different domains. Furthermore, respectively from the perspective of technology, talent and supervision, we propose suggestions that could facilitate the further development of blockchain in China.
Keywords
high-throughput blockchain ; consensus protocol ; smart contract ; cross-chain communication
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References
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