July 2017
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21 Reads
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6 Citations
Annales des Mines - Réalités industrielles
The operation of a blockchain Blockchains are a disruptive technology. To gauge its potential, we must understand how it operates by examining its original use for bitcoins. A blockchain is a distributed register, i.e., a ledger divided among actors on a network. Like any register, transactions will modify entries in the ledger; and users must be identified. Unlike nearly all current registers however, a blockchain works without a central controlling authority... whence several issues and technical problems.