Computer Networks 198 (2021) 108395
Available online 8 August 2021
1389-1286/© 2021 Elsevier B.V. All rights reserved.
Blockchain
-based Initiatives: Current state and challenges
Shadab Alam
a
, Mohammed Shuaib
a
, Wazir Zada Khan
b
, Sahil Garg
c
, Georges Kaddoum
c
,
M. Shamim Hossain
d
, Yousaf Bin Zikria
e, *
a
College of Computer Science & IT, Jazan University, Jazan, Saudi Arabia
b
Department of Computer Science, Capital University of Science and Technology, Islamabad, Pakistan
c
Ecole de technologie sup’erieure, Universit’e du Qu’ebec, Montr’eal QC H3C 1K3, Canada
d
Department of Software Engineering, College of Computer and Information Sciences, King Saud University, Riyadh 11543, Saudi Arabia
e
Department of Information and Communication Engineering, Yeungnam University, Gyeongsan 38541, South Korea
A R T I C L E INFO
Keywords:
Blockchain
Blockchain Initiatives
Challenges for blockchain
Distributed ledger
Smart contracts
E-Government
ABSTRACT
Blockchain is considered a distributed ledger that can transact securely and trustfully without involving any third
party. It has caused a lot of interest in various sectors, like government, finance, banking, etc. Blockchain
technology is suitable for areas where multiple data storage and transaction types generally require the third
party to authenticate the transactions involving transaction cost and authentication issues. In this paper, various
aspects of Blockchain technology applications in public concern sectors have been analyzed in detail. This paper
also reviews the multiple case studies and implementations of Blockchain technology in these sectors and their
current status that provide a detailed insight into all the aspects of its application. This paper finally comes up
with various implementation requirements in Government, Health, Finance, Economics, and Energy. Further, it
identifies the challenges in successfully implementing Blockchain technology in these mentioned sectors to
provide a reference for future deployments.
1. Introduction
Blockchain technology’s inception is considered from Satoshi
Nakamoto’s famous paper on Bitcoin that describes Blockchain tech-
nology as a means of direct financial transaction between parties
without and trusted third party [1]. It is a decentralized ledger in which
all transactions are safely accumulated in blocks, with each block con-
nected to the next in a chain. When a new block is attached to the chain,
it is appended. The Blockchain consists of a distributed database con-
taining records of all the transactions and events, and it is a special form
of distributed ledger that maintains a log of stored data in the form of the
ledger in which a new transaction or information can be appended at the
end. It does not allow any modification in the already stored data items.
Any newly created data is not directly added instantly, but it is collected
in batches in the form of a block, and then these blocks are further
approved by consensus algorithms then only these data items are added
into the existing Blockchain. A sample transaction in the Blockchain has
been depicted in Fig. 1.
Researchers have classified the Blockchain into three types [2,3]:
a Public Blockchain: It allows anyone to create, modify, and validate
the block, and every node can participate in the consensus process.
Every user having similar resources possesses equal authority in
creating a new node. It is also known as Permissionless or Public
Permissionless Blockchain.
b Private Blockchain: It allows only a set of certified users in the
network to make, modify, and create transactions inside the ledger.
Only a limited number of users can be allowed in the consensus and
new block generation. It is also referred to as Permissioned or Private
Permissioned Blockchain.
c Hybrid (federated) blockchain: This type of Blockchain is a mixture
of public and private Blockchain that makes a balance between these
two and offers attributes of both. It allows each user to participate in
the consensus mechanism but allows only certain users to create a
new node explicitly designated. It is also considered a Public Per-
missioned Blockchain.
The high level of investment by Governments and enterprises in
implementing Blockchain technology for various initiatives is an indi-
cator of potential benefits. Various pilot projects based on are ongoing,
* Corresponding author.
E-mail address: yousafbinzikria@ynu.ac.kr (Y.B. Zikria).
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Computer Networks
journal homepage: www.elsevier.com/locate/comnet
https://doi.org/10.1016/j.comnet.2021.108395
Received 18 December 2020; Received in revised form 24 March 2021; Accepted 2 August 2021