Blockchain solutions for big data challenges: A literature review
Date Issued
2017-07-06
Author(s)
Karafiloski, Elena
Abstract
The popularity of Blockchain technology and the
huge extent of its application, results with much ongoing research
in different practical and scientific areas. Although still new and
in experimenting phase, the Blockchain is being seen as a
revolutionary solution, addressing modern technology concerns
like decentralization, trust, identity, data ownership and datadriven decisions. At the same time, the world is facing an
expansion in quantity and diversity of digital data that are
generated by both users and machines. While actively searching
for the best way to store, organize and process Big Data, the
Blockchain technology comes in providing significant input. Its
proposed solutions about decentralized management of private
data, digital property resolution, IoT communication and public
institutions’ reforms are having significant impact on how Big
Data may evolve. This paper presents the novel solutions
associated with some of the Big Data areas that can be
empowered by the Blockchain technology.
huge extent of its application, results with much ongoing research
in different practical and scientific areas. Although still new and
in experimenting phase, the Blockchain is being seen as a
revolutionary solution, addressing modern technology concerns
like decentralization, trust, identity, data ownership and datadriven decisions. At the same time, the world is facing an
expansion in quantity and diversity of digital data that are
generated by both users and machines. While actively searching
for the best way to store, organize and process Big Data, the
Blockchain technology comes in providing significant input. Its
proposed solutions about decentralized management of private
data, digital property resolution, IoT communication and public
institutions’ reforms are having significant impact on how Big
Data may evolve. This paper presents the novel solutions
associated with some of the Big Data areas that can be
empowered by the Blockchain technology.
Subjects
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