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Blockchain technology: edit or not?

Gricenko, Tatyana (2020) Blockchain technology: edit or not? Masters thesis, Dublin, National College of Ireland.

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Abstract

Experts agree that blockchain will help businesses to unlock value and has a potential to disrupt the financial services and other industries. However, it’s just a few companies are ready to transfer their whole database on the blockchain ecosystem. Blockchain technology is also a popular topic to discuss in legislators’ circles. Unfortunately, the interested parties noted that there is not enough governance around the new technological solutions. Blockchain is one of the technologies that requires new governance and legal framework to be compliant with law in the new digital world. At the moment it is not very clear what is required from all the stakeholders to be compliant with the regulatory requirements. Immutable blockchain is append-only system. The techniques to allow deletion or modification of the blockchain while at the same time keep it secure and resilient to attacks and fraud will be very helpful to the users. The inventors of redactable blockchain believe that the “undo function” is needed help in the special circumstances. Since the conflict revolving around the irreversibility of blockchains, it may significantly affect their adoption to vast application areas. Resolving this issue will be benefit all interested parties. This work aims at analysing the capability of the blockchain to be edited. It was identified from the research findings that editing blockchain can only be allowed special situations when all required evidence is provided, and institutions in the financial sector and manufacturing would prefer this type of blockchain.

Item Type: Thesis (Masters)
Subjects: Q Science > QA Mathematics > Electronic computers. Computer science
T Technology > T Technology (General) > Information Technology > Electronic computers. Computer science

Q Science > QA Mathematics > Computer software
T Technology > T Technology (General) > Information Technology > Computer software
Divisions: School of Computing > Master of Science in FinTech
Depositing User: Dan English
Date Deposited: 29 Jan 2021 14:50
Last Modified: 29 Jan 2021 14:50
URI: http://norma.ncirl.ie/id/eprint/4562

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