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Public Blockchain versus Private blockchain

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Abstract

In this document, we introduce some thinkings relative to the concept of blockchain, how it works and what are the issues for the banking system. Thus, first we recall what cryptography is, then we introduce the concept of blockchain as a protocol for transmitting information in a secure way, distinguishing two possible approaches: the decentralized public approach and the centralized private approach. The notion of cryptocurrency is introduced and two examples of applications of the public blockchains that are the bitcoin and the etherium are provided

Suggested Citation

  • Dominique Guegan, 2017. "Public Blockchain versus Private blockchain," Documents de travail du Centre d'Economie de la Sorbonne 17020, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:17020
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    File URL: ftp://mse.univ-paris1.fr/pub/mse/CES2017/17020.pdf
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    Cited by:

    1. Zhen Liu & Tzuhui Wu & Fenghong Wang & Mohamed Osmani & Peter Demian, 2022. "Blockchain Enhanced Construction Waste Information Management: A Conceptual Framework," Sustainability, MDPI, vol. 14(19), pages 1-35, September.
    2. Vincent, Nishani Edirisinghe & Skjellum, Anthony & Medury, Sai, 2020. "Blockchain architecture: A design that helps CPA firms leverage the technology," International Journal of Accounting Information Systems, Elsevier, vol. 38(C).

    More about this item

    Keywords

    blockchain; Cryptography;

    JEL classification:

    • C - Mathematical and Quantitative Methods

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