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A blockchain is a distributed public ledger that records transactions in a series of linked blocks that can be accessed by anyone. Before being added to the chain, the data (block) is time-stamped and verified. Each block builds upon the data in the one before it. The data is very difficult to forge due to the mathematical complexity of the storage system. The legacy of cryptocurrencies has helped turn the cryptographic term "blockchain" into a trendy catchphrase. A lot of people think blockchain is the same thing as cryptocurrencies. The opposite is true. Blockchain is the underlying technology behind cryptocurrencies, but its uses extend well beyond that. Blockchains may be considered for use in situations requiring the validation, auditing, or exchange of data. Here, we survey the literature on integrating blockchain with machine learning, and show that the two may work together successfully and efficiently. Machine learning is an umbrella word that includes a wide range of techniques, such as traditional ML, DL, and RL. As a distributed and append-only ledger system, the blockchain is a natural instrument for sharing and processing large data from multiple sources thanks to the inclusion of smart contracts, which is a crucial component of the infrastructure necessary for big data analysis. When it comes to training and testing machine learning models, blockchain can keep data secure and promote data exchange. In addition, it paves the way for the creation of timely prediction models using several data sources by leveraging distributed computing resources (like IoT). This is crucial for deep learning processes, which need a lot of processing time. However, distributed systems are more difficult to monitor and regulate than centralized ones, and blockchain systems will create a massive quantity of data from a variety of sources. The best blockchain mechanism designs need accurate data analysis and predictions of system behaviors. Data verification, as well as the detection of harmful assaults and dishonest transactions on the blockchain, may be aided by machine learning. There is a lot to gain from studying how to merge the two technologies from different perspectives.
This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.
Discover the latest trends and advancements in computer technology beyond traditional silicon-based systems. This book highlights innovations in hardware and computing paradigms, providing a glimpse into the future of technology and its potential to reshape industries.
"Views differ on bitcoin, but few doubt the transformative potential of Blockchain technology. The Truth Machine is the best book so far on what has happened and what may come along. It demands the attention of anyone concerned with our economic future." —Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard, Former Treasury Secretary From Michael J. Casey and Paul Vigna, the authors of The Age of Cryptocurrency, comes the definitive work on the Internet’s Next Big Thing: The Blockchain. Big banks have grown bigger and more entrenched. Privacy exists only until the next hack. Credit card fraud is a fact of life. Many of the “legacy systems” once designed to make our lives easier and our economy more efficient are no longer up to the task. Yet there is a way past all this—a new kind of operating system with the potential to revolutionize vast swaths of our economy: the blockchain. In The Truth Machine, Michael J. Casey and Paul Vigna demystify the blockchain and explain why it can restore personal control over our data, assets, and identities; grant billions of excluded people access to the global economy; and shift the balance of power to revive society’s faith in itself. They reveal the disruption it promises for industries including finance, tech, legal, and shipping. Casey and Vigna expose the challenge of replacing trusted (and not-so-trusted) institutions on which we’ve relied for centuries with a radical model that bypasses them. The Truth Machine reveals the empowerment possible when self-interested middlemen give way to the transparency of the blockchain, while highlighting the job losses, assertion of special interests, and threat to social cohesion that will accompany this shift. With the same balanced perspective they brought to The Age of Cryptocurrency, Casey and Vigna show why we all must care about the path that blockchain technology takes—moving humanity forward, not backward.
Focusing on different tools, platforms, and techniques, Blockchain and the Smart City: Infrastructure and Implementation uses case studies from around the world to examine blockchain deployment in diverse smart city applications. The book begins by examining the fundamental theories and concepts of blockchain. It looks at key smart cities' domains such as banking, insurance, healthcare, and supply chain management. It examines Using case studies for each domain, the book looks at payment mechanisms, fog/edge computing, green computing, and algorithms and consensus mechanisms for smart cities implementation. It looks at tools such as Hyperledger, Etherium, Corda, IBM Blockchain, Hydrachain, as well as policies and regulatory standards, applications, solutions, and methodologies. While exploring future blockchain ecosystems for smart and sustainable city life, the book concludes with the research challenges and opportunities academics, researchers, and companies in implementing blockchain applications. - Independently organized chapters for greater readability, adaptability, and flexibility - Examines numerous issues from multiple perspectives and academic and industry experts - Explores both advances and challenges of cutting-edge technologies - Coverage of security, trust, and privacy issues in smart cities
Join the technological revolution that’s taking the financial world by storm. Mastering Bitcoin is your guide through the seemingly complex world of bitcoin, providing the knowledge you need to participate in the internet of money. Whether you’re building the next killer app, investing in a startup, or simply curious about the technology, this revised and expanded second edition provides essential detail to get you started. Bitcoin, the first successful decentralized digital currency, is still in its early stages and yet it’s already spawned a multi-billion-dollar global economy open to anyone with the knowledge and passion to participate. Mastering Bitcoin provides the knowledge. You simply supply the passion. The second edition includes: A broad introduction of bitcoin and its underlying blockchain—ideal for non-technical users, investors, and business executives An explanation of the technical foundations of bitcoin and cryptographic currencies for developers, engineers, and software and systems architects Details of the bitcoin decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles New developments such as Segregated Witness, Payment Channels, and Lightning Network A deep dive into blockchain applications, including how to combine the building blocks offered by this platform into higher-level applications User stories, analogies, examples, and code snippets illustrating key technical concepts
Blockchain, Internet of Things, and Artificial Intelligence provides an integrated overview and technical description of the fundamental concepts of blockchain, IoT, and AI technologies. State-of-the-art techniques are explored in depth to discuss the challenges in each domain. The convergence of these revolutionized technologies has leveraged several areas that receive attention from academicians and industry professionals, which in turn promotes the book's accessibility more extensively. Discussions about an integrated perspective on the influence of blockchain, IoT, and AI for smart cities, healthcare, and other business sectors illuminate the benefits and opportunities in the ecosystems worldwide. The contributors have focused on real-world examples and applications and highlighted the significance of the strengths of blockchain to transform the readers’ thinking toward finding potential solutions. The faster maturity and stability of blockchain is the key differentiator in artificial intelligence and the Internet of Things. This book discusses their potent combination in realizing intelligent systems, services, and environments. The contributors present their technical evaluations and comparisons with existing technologies. Theoretical explanations and experimental case studies related to real-time scenarios are also discussed. FEATURES Discusses the potential of blockchain to significantly increase data while boosting accuracy and integrity in IoT-generated data and AI-processed information Elucidates definitions, concepts, theories, and assumptions involved in smart contracts and distributed ledgers related to IoT systems and AI approaches Offers real-world uses of blockchain technologies in different IoT systems and further studies its influence in supply chains and logistics, the automotive industry, smart homes, the pharmaceutical industry, agriculture, and other areas Presents readers with ways of employing blockchain in IoT and AI, helping them to understand what they can and cannot do with blockchain Provides readers with an awareness of how industry can avoid some of the pitfalls of traditional data-sharing strategies This book is suitable for graduates, academics, researchers, IT professionals, and industry experts.
Present book covers new paradigms in Blockchain, Big Data and Machine Learning concepts including applications and case studies. It explains dead fusion in realizing the privacy and security of blockchain based data analytic environment. Recent research of security based on big data, blockchain and machine learning has been explained through actual work by practitioners and researchers, including their technical evaluation and comparison with existing technologies. The theoretical background and experimental case studies related to real-time environment are covered as well. Aimed at Senior undergraduate students, researchers and professionals in computer science and engineering and electrical engineering, this book: Converges Blockchain, Big Data and Machine learning in one volume. Connects Blockchain technologies with the data centric applications such Big data and E-Health. Easy to understand examples on how to create your own blockchain supported by case studies of blockchain in different industries. Covers big data analytics examples using R. Includes lllustrative examples in python for blockchain creation.
This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.