Using Different Types of Blockchain to Increase Efficiency for Specific Applications

Keywords:
Blockchain, Art-Based Currency, Digital Currencies, Smart Contracts, Decentralization.

Abstract:
In this paper, we deal with the essential concepts of Blockchain technology, in what forms we find it, ways and types of use, disadvantages, and advantages of this technology, and the direction of its future development. This paper aims to acquaint the reader, who has no experience in this field, with the essence of Blockchain technology, as well as to help them to decide which type of Blockchain to use depending on the potential application. Therefore, we will introduce a completely new way of applying this technology in the creation of digital currency based on art.Due to the popularity and wide field of using Blockchain technology, there is a growing number of articles about it. Consequently, it can be difficult to make the right choice when studying certain areas. Thus helping the reader to choose the right direction for their further study and to look at new perspectives on the use of this technology.For the authors themselves, this article is the starting point in trying to solve problems in the functioning of Blockchain technology through optimization with the help of artificial intelligence and the beginning of utilizing this technology to create a sustainable value system.

CITATION:

IEEE format

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M. Bukumira, M. Antonijević, �. Mladenović, “Using Different Types of Blockchain to Increase Efficiency for Specific Applications,” in Sinteza 2024 - International Scientific Conference on Information Technology, Computer Science, and Data Science, Belgrade, Singidunum University, Serbia, 2024, pp. 206-211. doi:10.15308/Sinteza-2024-206-211

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Bukumira, M., Antonijević, M., Mladenović, �. (2024). Using Different Types of Blockchain to Increase Efficiency for Specific Applications. Paper presented at Sinteza 2024 - International Scientific Conference on Information Technology, Computer Science, and Data Science. doi:10.15308/Sinteza-2024-206-211

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