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Evolution of Blockchain Technology: Principles, Research Trends and Challenges, Applications, and Future Directions
Abstract
This chapter presents a detailed introduction to the decentralized data processing and storage paradigm called blockchain technology, delving into its fundamental concepts, foundational principles, and advantages. A literature review is conducted, detailing existing research areas, and enabling technologies driving further research and development into the technology. The two-way fusion of machine learning – another data-driven technology – is considered, wherein one technology addresses limitations and drawbacks within the other. The existing applications of blockchain technology within various domains are discussed, along with some identified research challenges and future trends. A case study is also provided to demonstrate the integration of blockchain technology into the internet of vehicles domain.
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