Decentralized Networks: The Future Internet

Abstract

The exponential growth in computing power, total Internet data throughput and human online interaction are the primary driving factors of the latest innovations in the field. Decentralized networks, disrupting the current centralized models, offer a unique potential to support societal fairness, information accessibility and security combined with business innovation. Blockchain technology is a pillar and leading concept within decentralized networks, serving as shared database across the network where information cannot be hampered with once stored and verified. Blockchain offers solutions to ever increasing security, verifiability and transparency concerns. It aims at cultivating a shared and trusted digital environment. Removing the single point of failure from the equation enables the technology to be applicable in industries where direct information flow and network security are priority concerns. The application of decentralized networks and blockchain has many possibilities and scenarios, what perhaps most stands out is optimization and increased trust of logistic value chains, quality control in the manufacturing stream, and transparency in maintenance model ranging from simple to sophisticated equipment.

This is a preview of subscription content, log in to check access.

References

  1. 1.

    Doori A, Kanhere S, Jurdak R (2016) Blockchain in Internet of Things: Challenges and Solutions. CoRR. 1608

  2. 2.

    Bahga A, Madisetti VK (2016) Blockchain platform for industrial internet of things. J Softw Eng Appl 9:533–546

    Article  Google Scholar 

  3. 3.

    Crypto Currency Market Capitalization, http://coinmarketcap.com/. Accessed 25 Nov 2016

  4. 4.

    Yermack, D. (2016) Corporate Governance and Blockchains. In: Review of Finance, Forthcoming

  5. 5.

    Coindesk, http://www.coindesk.com/visa-blockchain-payments-service/. Accessed 25 Nov 2016

  6. 6.

    Mastercard’s Newsroom, https://newsroom.mastercard.com/2016/11/18/mastercard-blockchain-api/. Accessed 25 Nov 2016

  7. 7.

    Nakamoto S (2008) Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf

  8. 8.

    Ethereum Homestead Documentation. http://www.ethdocs.org/en/latest/. Accessed 25 Nov 2016

  9. 9.

    Hyperledger Whitepaper. https://www.scribd.com/document/320378349/Hyperledger-Whitepaper. Accessed 27 Nov 2016

  10. 10.

    Lamport L, Shostak R, Pease M (1982) The byzantine general problem. ACM Transactions on Programming Language and Systems 4:382–401

    Article  Google Scholar 

  11. 11.

    Castro M, Liskov B. Practical Byzantine fault tolerance. In (1999) OSDI '99 Proceedings of the third symposium on Operating systems design and implementation, pp. 173--186, New Orleans

  12. 12.

    Raval S (2016) Decentralized Applications. O’Reilly Media, Sebastopol

  13. 13.

    Morabito V (2017) Business innovation through Blockchain. Springer, Milan

    Google Scholar 

  14. 14.

    Graphene Technical Documentation, http://docs.bitshares.eu/. Accessed 27 Nov 2016

  15. 15.

    Cisco IBSG projections, http://www.cisco.com/c/en/us/about/security-center/secure-iot-proposed-framework.html. Accessed 29 Nov 2016

Download references

Author information

Affiliations

Authors

Corresponding author

Correspondence to Milan Gajdos.

Ethics declarations

Grant support

This contribution was undertaken as parts of the research project VEGA 1/0725/17 – Research on the life cycle of a start-up company as a basis for the business model of network start-up company. Grant provided by Scientific Grant Agency of the Ministry of Education, Science, Research and Sport of the Slovak Republic (VEGA).

Additional information

Publisher’s note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and Permissions

About this article

Verify currency and authenticity via CrossMark

Cite this article

Kremenova, I., Gajdos, M. Decentralized Networks: The Future Internet. Mobile Netw Appl 24, 2016–2023 (2019). https://doi.org/10.1007/s11036-018-01211-5

Download citation

Keywords

  • Decentralized networks
  • Blockchain
  • Consensus models
  • IoT