An Overview of Distributed Ledger Technology and its Applications
DOI:
https://doi.org/10.26438/ijcse/v6i10.422427Keywords:
Distributed Ledger Technology, Bitcoin, IOTA, Nano, Radix, Directed Acyclic Graph, Hyperledger, nonce, Merkle Tree, Sharded Distributed DatabaseAbstract
With the release of Bitcoin in 2008, the technology behind it, Blockchain which is based on Distributed Ledger Technology is getting popular day by day and there is continuous development and improvement in Distributed Ledger Technologies. In this paper we have not restricted ourselves to Blockchain and we have introduced some popular Distributed Ledger Technologies, a little bit about their technical implementation and areas where it can be used to make workflow easier, efficient and transparent. A number of publications and organizations websites and blogs have been analyzed to find the best practical applications of Distributed Ledger Technologies and various companies working on its implementation.
References
[1] S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,” Www.Bitcoin.Org, p. 9, 2008.
[2] B. Version, “Ethereum: a Secure Decentralised Generalised Transaction Ledger,” 2018.
[3] L. C. Ltch, “Litecoin cash ltch,” 2018.
[4] Ripple, “Ripple Solution Overview,” Whitepaper, 2017.
[5] K. Thulasiraman and M. N. S. Swamy, “Graphs : theory and algorithms,” Neuroimage, vol. 2, no. 3, p. XV, 460 S, 1992.
[6] J. Weiner, “The Tangle,” New Yorker, vol. 81, no. 8, pp. 43–51, 2005.
[7] C. Lemahieu and C. Co, “Nano: A Feeless Distributed Cryptocurrency Network,” pp. 1–8, 2014.
[8] L. Baird, “Overview of Swirlds Hashgraph,” Swirlds, pp. 1–4, 2016.
[9] D. Hughes, “Radix - Tempo,” Radix DTL, no. September, pp. 1–15, 2017.
[10] M. Walport, “Distributed ledger technology: Beyond block chain,” Gov. Off. Sci., pp. 1–88, 2015.
[11] R. C. Merkle, “by Ralph C. Merkle Elxsi 2334 Lundy Place San Jose, CA 95131,” pp. 369–378.
[12] M. Jakobsoson and A. Juels, “Process of Work and Bread Pudding Protocols (Extended Abstract),” Pro- ceedings IFIP TC6/TC11 Jt. Work. Conf. Secur. Inf. Net- Work. Commun. Multimed. Secur., pp. 258–272, 1999.
[13] J. Siim, “Proof-of-Stake Research Seminar in Cryptography,” pp. 1–9, 2017.
[14] I. Bentov, C. Lee, A. Mizrahi, and M. Rosenfeld, “Proof of Activity: Extending Bitcoin’s Proof of Work via Proof of Stake,” Cryptol. ePrint Arch., vol. 452, no. 3, pp. 1–19, 2014.
[15] S. Dziembowski, S. Faust, V. Kolmogorov, and K. Pietrzak, “Proofs of Space,” pp. 585–605, 2015.
[16] J. Poon and T. Dryja, “The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments,” Tech. Rep., p. 59, 2016.
[17] L. Baird, “HASHGRAPH CONSENSUS: DETAILED EXAMPLES Hashgraph 2 Member 2 Event 2 Transaction 2 Consensus 2 Order 2 Timestamp 3 Gossip protocol 4 Self-parent 4 Other-parent 7 Graph 7 Hash 7 Hashgraph,” Swirlds Tech Rep., vol. 2, p. 29, 2016.
[18] A. Haeberlen, P. Kouznetsov, and P. Druschel, “The case for Byzantine fault detection,” Proc. 2nd Conf. Hot Top. Syst. Dependability-Volume 2, pp. 5–5, 2006.
[19] V. Buterin and V. Griffith, “Casper the Friendly Finality Gadget,” pp. 1–10, 2017.
[20] L. Baird, M. Harmon, and P. Madsen, “Hedera: A Governing Council & Public Hashgraph Network,” pp. 1–27, 2018.
[21] M. C. (Google), N. (Yahoo), P. P. (Yahoo), S. V. (Samsung R. America), and V. K. (Fairchild Semiconductor), “Applied Innovation Review,” Appl. Innov. Rev., no. 2, 2016.
[22] D. Nuernberg and A. Champion de Crespigny, “Blockchain in insurance: applications and pursuing a path to adoption,” Ernst Youngs Glob. Ltd., 2017.
[23] S. O’Hearn, J. Howe, S. Webb, G. Philipps, A. Wightmann, and M. Cook, “Blockchain: the $5 billion opportunity for reinsurers,” PwC Insur., p. 8, 2016.
[24] PricewaterhouseCoopers, “Blockchain - An opportunity for energy producers and consumers?,” PwC Glob. power Util., pp. 1–45, 2016.
[25] S. Lavanya, G. Lavanya, and J. Divyabharathi, “A Survey on Internet of Things for Healthcare and Medication Management,” vol. 2, no. 1, pp. 1–5, 2017.
[26] P. Brody, “How blockchain is revolutionizing supply chain management,” Ernst Young, 2017.
[27] M. O’Dair, Z. Beaven, D. Neilson, R. Osborne, and P. Pacifico, “Music On The Blockchain - Blockchain For Creative Industries Research Cluster Middlesex University,” no. July, p. 29, 2016.
[28] B. Anantharam and G. Guptha, “Security Issues in Various Cloud Computing : Solution and Occur-Rent Solutions,” vol. 1, no. 2, pp. 163–170, 2016/.
Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors contributing to this journal agree to publish their articles under the Creative Commons Attribution 4.0 International License, allowing third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit and that in the event of reuse or distribution, the terms of this license are made clear.
