Blockchain: Novel Provenance Applications [April 12, 2022] [open pdf - 1MB]
From the Summary: "Blockchain, generally, is a database technology that records and stores information in blocks of data that are linked, or 'chained,' together. Data stored on a blockchain are continually shared, replicated, and synchronized across the nodes in a network--individual computer systems or specialized hardware that communicate with each other and store and process information. This system enables tamper-resistant recordkeeping without a centralized authority or intermediary. There are multiple types of blockchains, and, depending on the type, recorded data may be accessible to all users or only a designated subset. All blockchains share common characteristics, including decentralization (i.e., no centralized authority), immutability (i.e., the blockchain records are unalterable), and pseudonymity (i.e., how users' real-world identities are handled). Certain blockchain types may offer greater levels of decentralization and pseudonymity than others. New blockchain applications, such as smart contracts, non-fungible tokens, and decentralization autonomous organizations, may automate processes or replace intermediaries in a variety of fields. Recent developments in blockchain governance protocols and consensus mechanisms have raised concerns about the environmental impact, oversight, and accountability of blockchain networks."
Report Number: | CRS Report for Congress, R47064 |
Author: | |
Publisher: | |
Date: | 2022-04-12 |
Copyright: | Public Domain |
Retrieved From: | Congressional Research Service: https://crsreports.congress.gov/ |
Format: | pdf |
Media Type: | application/pdf |
URL: |