Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)

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Deciphering the Blockchain Paradigm: Comprehensive Analysis and Future Prospects in Diverse Sectors

Authors
Hongrui Pan1, *
1Internet and Computer Science, Xi’an Jiaotong-Liverpool University, Suzhou, 215123, China
*Corresponding author. Email: Hongrui.Pan22@student.xitlu.edu.cn
Corresponding Author
Hongrui Pan
Available Online 16 October 2024.
DOI
10.2991/978-94-6463-540-9_33How to use a DOI?
Keywords
Blockchain Technology; Decentralization; Satoshi Nakamoto
Abstract

Blockchain technology, introduced by Satoshi Nakamoto in 2008, has undergone significant evolution from its origins in decentralized transaction documentation. Known for its transparency, robustness, and decentralization, blockchain now permeates various sectors, including finance, healthcare, supply chains, and the arts via Non-Fungible Tokens (NFTs). The architecture of blockchain comprises five synergistic layers: Data, Contract, Consensus, Network, and Application. These layers collectively enhance the integrity, efficiency, and reliability of blockchain operations. The utility of blockchain extends beyond its foundational role in cryptocurrencies like Bitcoin. It is instrumental in improving traceability in supply chains, securing electronic health records, and even democratizing the ownership of digital and physical assets through NFTs. As blockchain technology continues to mature, its potential for fostering transparency and efficiency presents opportunities for innovation across an expanding array of industries. This ongoing development not only promises to streamline current systems but also paves the way for novel applications that could transform the technological landscape.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)
Series
Advances in Computer Science Research
Publication Date
16 October 2024
ISBN
978-94-6463-540-9
ISSN
2352-538X
DOI
10.2991/978-94-6463-540-9_33How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hongrui Pan
PY  - 2024
DA  - 2024/10/16
TI  - Deciphering the Blockchain Paradigm: Comprehensive Analysis and Future Prospects in Diverse Sectors
BT  - Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)
PB  - Atlantis Press
SP  - 323
EP  - 332
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-540-9_33
DO  - 10.2991/978-94-6463-540-9_33
ID  - Pan2024
ER  -