THE USE OF BLOCKCHAINS. AN R APPROACH
Journal Title: Challenges of the knowledge society ( Provocari ale societatii cunoasterii ) - Year 2018, Vol 10, Issue 12
Abstract
The cryptocurrency is a hot topic and understanding the blockchain is very important. Also, understanding what blockchain may lead to more decentralized services and applications to be used, not only in relation to financial applications. Today, blockchains can be used to for smart contracts, decentralized networks, governments and non-profit organizations, banks and even photography copyright recordings and smart contracts for music artists. Even World Economic Forum predicted that by 2015 about 10% of global GDP will be stored on blockchain technology. The blockchain technology cosists in creating a chain of blocks, validated with a hash function and under a “proof of work” concept, which limits speed of creating new blocks. The new technology is open source, but recently has attracted the attention of big software players, like Microsoft and other companies (BBVA, UBS). In this paper, we present a simple R implementation of a blockchain, containing a initial block, creation of each blocks (including hash and proof of work) and the creation of the chain. Data validation and the lack of so-called middle man, minimization of the fees, increasing the speed of transactions, security and anonymity provided by this technology are good arguments for ensuring the continuous development of the technology and its spreading in everyday activities.
Authors and Affiliations
Nicolae-Marius JULA, Nicoleta JULA
Keywords
Related Articles
- EP ID EP308382
- DOI -
- Views 108
- Downloads 0
THE AZERBAIJANI OFFICIAL State DISCOURSE ON THE ARMENIAN-AZERBAIjANI CONFLICT: BLOCKAGES TO PEACE
The intractable conflict between Armenia and Azerbaijan, the first in a series of inter-ethnic wars to arise in the final years of the Soviet Union, has lasted for three decades and has gone through several violent episo...
DEMOCRACY AND ELECTORAL OUTCOMES: COMPARATIVE ANALYSIS OF NIGERIA AND IVORY COAST ELECTIONS
An election is an integral and essential part of democracy, which means that without an election, the concept democracy is impossible and without international accepted democratic process of election, a geopolitical envi...
THE TERM OF “RELEVANT MARKET”, AS ELEMENT OF DOMINANT POSITION PROVIDED BY ART. 102 OF THE TREATY ON THE FUNCTIONING OF THE EUROPEAN UNION
The term of relevant market was used for the first time in the Sherman Act of 1890, condemning monopolies or monopoly attempts. The term of relevant market is analyzed as being the place where demand and supply of produc...
JUDICIAL PRECEDENT, A LAW SOURCE
The role awarded to judge varies from one legal system to another. In the Anglo-Saxon legal systems, there is not a self-standing legislative body, so the judge is the one who creates the law; his mission consists in sol...
TRADEMARK PROTECTION SYSTEMS – USE VS. REGISTRATION
The main purpose of the paper is comparing different trademark protection system, focusing on European jurisdictions and the relevant legislations. The comparison focuses on the Romanian jurisdiction, as representative f...