Open AccessDistributed ledger technology: State-of-the-art and current challenges
Author(s) -
Maria Gorbunova,
Pavel Mašek,
Mikhail Komarov,
Aleksandr Ometov
Publication year - 2022
Publication title -
computer science and information systems
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.244
H-Index - 24
eISSN - 2406-1018
pISSN - 1820-0214
DOI - 10.2298/csis210215037g
Subject(s) - distributed ledger , computer science , blockchain , verifiable secret sharing , ledger , supply chain , internet of things , state (computer science) , reliability (semiconductor) , distributed manufacturing , the internet , scale (ratio) , computer security , distributed computing , data science , world wide web , manufacturing engineering , business , accounting , set (abstract data type) , power (physics) , physics , algorithm , marketing , quantum mechanics , programming language , engineering
Distributed Ledger Technology (DLT) is making the first steps toward becoming a solution for the growing number of various decentralized systems worldwide. Unlike pure Blockchain, DLT finds many uses across different industries, including eHealth, finance, supply chain monitoring, and the Internet of Things (IoT). One of the vital DLT features is the ability to provide an immutable and commonly verifiable ledger for larger-scale and highly complex systems. Today?s centralized systems can no longer guarantee the required level of availability and reliability due to the growing number of the involved nodes, complicated heterogeneous architectures, and task load, while the publicly available distributed systems are still in their infancy. This paper aims to provide an exhaustive topical review of the state-of-theart of Distributed Ledger Technology applicability in various sectors. It outlines the importance of the practical integration of technology-related challenges, as well as potential solutions.