Review Article Open Access

Blockchain: Methods, Applications and Technology Progress

Cheryl Ann Alexander1 and Lidong Wang2
  • 1 Technology and Healthcare Solutions, United States
  • 2 Mississippi State University, United States
American Journal of Engineering and Applied Sciences
Volume 12 No. 1, 2019, 30-38

DOI: https://doi.org/10.3844/ajeassp.2019.30.38

Submitted On: 2 December 2018 Published On: 2 February 2019

How to Cite: Ann Alexander, C. & Wang, L. (2019). Blockchain: Methods, Applications and Technology Progress. American Journal of Engineering and Applied Sciences, 12(1), 30-38. https://doi.org/10.3844/ajeassp.2019.30.38

Abstract

Blockchain is gaining great attentions in various applications. Blockchain is a shared ledger concept which is highly secure due to the nature of its construction. It is immutable, needs a consensus to add a block to the chain, is held secure by a hash function and is visible to all participants within the blockchain. The methods, impacts and benefits of blockchain are introduced. The applications and the technology progress of the blockchain technology are presented, which include applications and progress in Internet of Things (IoT) and cloud, medical applications and healthcare, supply chain security and management in identity, resources, ownership, mobility and keys for heterogeneous vehicular network.

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Keywords

  • Blockchain
  • Internet of Things
  • Cloud
  • Healthcare
  • Supply Chain
  • Management