The
genesis of this website service is a graduate thesis report from the
University of Texas at Austin located at the University Library Google
Scholar. You can also acquire the thesis report here.
Abstract
Blockchain is the underlying distributed database and encryption
technology that enables trustless transactions that can be
verified, monitored, and enforced without a central institution.
This master’s report presents the core concepts behind blockchain that
are concerned with carrying instructions for storage, sharing of
non-financial data, including an examination of the byzantine fault
tolerant cryptography model. A literature review describes the
types of blockchains, nodes, proof of work, disadvantages, and
risks and provides a survey of future applications related to
state government records, such as birth certificates, automobile
registrations, land deeds, and voting. This review will answer the
question: Is it possible for a state government to use blockchain
employing trusted nodes given that the nature of blockchain is that of
a distributed network of peers accompanied by a public ledger
without a central authority? Finally, the requirements for a
specific application case study will be defined and developed. The
desired application will be a smart contract to invoke a statutory
durable power of attorney using blockchain technology for oneself
in case of incapacitation while still living.
Continue reading
