Revolutionary Applications of Blockchain-Enabled Privacy and Access Control by Singh Surjit

Author:Singh Surjit
Language: eng
Format: epub
Publisher: Information Science Reference

In this chapter, we give the Indian Stock Exchange a decentralized approach for addressing the weaknesses of the Centralized Framework and growing trade prices for traders and primary authorities (Dannen, 2017). We seamlessly combine stock market components with associated intelligent contracts into a blockchain system to guarantee the successful self-implementation of released directives. A comprehensive framework for confirming and properly checking the design architecture was adequately incorporated in Solidity (Hofmann et al., 2017). The study shows that perhaps the blockchain approach possesses a significant advantage to charge reduced rates for partially filled order books.

In comparison, the decentralized solution for finished order books nevertheless produces better results than the centralized method for orders costing more than US$ 2,500, when the processing costs go below brokerage charges. But the blockchain-based system demands much lower fees than traditional stock markets for a persona customer who transacts hundreds of thousands of dollars. To allow more changes in the future, we plan to explore how the government channel incorporation will give the device millions of transactions per second to optimization, while simultaneously reducing costs nearly nil.

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