Applied Innovation Review Issue No. 2 June 2016
Authors: Michael Crosby, Nachiappan, Pradan Pattanayak, Sanjeev Verma,Vignesh Kalyanaraman
The main hypothesis is that the blockchain establishes a system of creating a distributed consensus in the digital online world. This allows participating entities to know for certain that a digital event happened by creating an irrefutable record in a public ledger. It opens the door for developing a democratic open and scalable digital economy from a centralized one.