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The promising future of Blockchain technology

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dc.contributor.advisor TINTIUC, Corina
dc.contributor.author BELII, Andrei
dc.date.accessioned 2024-10-21T14:07:54Z
dc.date.available 2024-10-21T14:07:54Z
dc.date.issued 2024
dc.identifier.citation BELII, Andrei. The promising future of Blockchain technology. In: Conferinţa tehnico-ştiinţifică a studenţilor, masteranzilor şi doctoranzilor = Technical Scientific Conference of Undergraduate, Master and PhD Students, Universitatea Tehnică a Moldovei, 27-29 martie 2024. Chișinău, 2024, vol. 4, pp. 1959-1962. ISBN 978-9975-64-458-7, ISBN 978-9975-64-462-4 (Vol. 4). en_US
dc.identifier.isbn 978-9975-64-458-7
dc.identifier.isbn 978-9975-64-462-4
dc.identifier.uri http://repository.utm.md/handle/5014/28235
dc.description.abstract Blockchain technology has been around for over a decade. The technology is primarily recognized as the backbone of cryptocurrencies like Bitcoin. This cutting-edge and secure information technology fosters innovation across business and industrial sector. However, existing limitations regarding scalability, flexibility, and cybersecurity constrain development of Blockchain. Emerging solutions are beginning to address these issues. The use of solar energy to power up the Blockchain network would highly reduce energy consumption. The given paper envisions the underlying technology behind cryptocurrency extremely promising. The number of live blockchains is rapidly increasing on a daily basis. There are four primary types of blockchain networks, which are private, public, hybrid and consortium. Future blockchains aim not only to serve as a means of storing wealth, but also to facilitate the storage of property rights, medical records, and various legal contracts. Undoubtedly, the impact of the transformative blockchain technology on a wide range of industries, including banking, healthcare, supply chains, e-commerce, education, and other fields, establishes it as one of the most innovative technologies of the twenty-first century. en_US
dc.language.iso en en_US
dc.publisher Universitatea Tehnică a Moldovei en_US
dc.relation.ispartofseries Conferinţa tehnico-ştiinţifică a studenţilor, masteranzilor şi doctoranzilor = Technical Scientific Conference of Undergraduate, Master and PhD Students: Chişinău, 27-29 martie 2024. Vol. 4;
dc.rights Attribution-NonCommercial-NoDerivs 3.0 United States *
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/us/ *
dc.subject cryptocurrency en_US
dc.subject proof-of-work en_US
dc.subject decentralization en_US
dc.title The promising future of Blockchain technology en_US
dc.type Article en_US


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