This open access book contributes to the creation of a cyber ecosystem supported by blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions.
Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them. This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse.
The industry will have a bright future as soon as better technology is developed and when a healthy infrastructure is created to support the blockchain market.
Blockchain and Cryptocurrency: Building a High Quality Marketplace for Crypto Data" is a standout guide in the burgeoning field of blockchain technology and cryptocurrency. From the outset, the author meticulously unpacks the foundational principles of blockchain and cryptocurrency, making complex concepts accessible even to beginners. As the book progresses, it delves deeper into advanced topics such as smart contracts and decentralized applications (dApps), providing a holistic view of the ecosystem.
What sets this book apart is its emphasis on practical application. The author goes beyond theoretical discussions, offering real-world examples and case studies that demonstrate the potential of blockchain technology in creating and maintaining high-quality data marketplaces. These insights are invaluable for developers and entrepreneurs who are eager to leverage blockchain technology in innovative ways.
Moreover, the book is highly relevant to current trends in the industry. With the rise of new applications and the growing importance of data integrity and security, the strategies and frameworks outlined in this guide are timely and practical. The book also touches on emerging trends such as the use of blockchain in elections, including the concept of highlighting the transformative potential of this technology in various sectors.
In summary, "Blockchain and Cryptocurrency: Building a High Quality Marketplace for Crypto Data" is an essential read for anyone interested in the future of blockchain technology and its applications. Its blend of theoretical knowledge and practical advice makes it a valuable resource for both novices and experts in the field.