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Optimizing the Resource Consumption of Blockchain Technology in Business Systems

Author

Listed:
  • Juričić Vedran
  • Radošević Matea
  • Fuzul Ena

    (Faculty of Humanities and Social Sciences, University of Zagreb, Croatia)

Abstract

Blockchain technology has gained a great public interest due to the appearance of cryptocurrencies, a digital asset used for exchanging funds. Although blockchain calculations offer the benefits of security and reduced costs, blockchain is still strongly criticised for its lack of usefulness and resource-heavy consumption.

Suggested Citation

  • Juričić Vedran & Radošević Matea & Fuzul Ena, 2020. "Optimizing the Resource Consumption of Blockchain Technology in Business Systems," Business Systems Research, Sciendo, vol. 11(3), pages 78-92, November.
    • Handle: RePEc:bit:bsrysr:v:11:y:2020:i:3:p:78-92:n:6
    DOI: 10.2478/bsrj-2020-0028
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    More about this item

    Keywords

    blockchain; proof of work; optimization; problem-solving; NP-complete problems;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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