Name – Abhishek Anand

Roll no – 01
PRN no - 2043110102
Branch - CSE
Subject - Block Chain and Digital Currency

Experiment - 5

Aim - Write a survey report on types of Blockchains and its

real time use cases.

Theory -

Blockchain Types -

Blockchain Types According to our survey findings,

blockchains can be categorized into two main types namely
permissionless blockchains and permissioned blockchains.

Permissionless Blockchains - Permissionless blockchains

do not enforce any restrictions on its nodes; anyone can
openly read data, inspect data, and participate in validation
and writing of the data in accordance with the consensus
protocol of the particular blockchain. Bitcoin, Ethereum and
many other cryptocurrencies run on permissionless
blockchains. These blockchains are considered fully
decentralized and secured using advanced cryptography,
whereas economic incentives are provided for users who
work to keep the integrity of the network. The transactions are
completely irreversible on a permissionless blockchain by its
design, meaning once confirmed by its nodes the blockchain
transactions cannot be reversed. Due to the security
considerations and strict restrictions, transaction throughput of
a permissionless blockchain is comparatively lesser than one
of a permissioned blockchain. Permissionless blockchains are
fully decentralized and transparent.

Permissioned Blockchains - Permissioned blockchains

restrict the writing access for a limited set of participants, and
a consensus mechanism is used to validate the writing of data
among its privileged participants. Read access could either be
open to anyone or closed to the public based on the
requirement of the permissioned blockchain. This type of
blockchains has evolved as an alternative to initial
permissionless blockchains, to address the requirement for
running blockchain technology among a set of known and
identifiable participants that have to be explicitly responsible
to the 114 Page 8 of 15 SN Computer Science (2020) 1:114
SN Computer Science blockchain network, while participants
need not be fully trusting each other [33].
Applications of Blockchain -

Blockchain technology has a wide range of applications

across various industries due to its decentralized and secure
nature. Here are some notable applications:

1. **Cryptocurrencies**: Blockchain gained prominence with

the advent of cryptocurrencies like Bitcoin and Ethereum. It
serves as the underlying technology for these digital
currencies, enabling secure peer-to-peer transactions without
the need for intermediaries like banks.

2. **Supply Chain Management**: Blockchain can be used to

track the movement of goods throughout the supply chain.
Each transaction or transfer of goods is recorded on the
blockchain, providing transparency and traceability, which
helps in reducing fraud, ensuring the authenticity of products,
and improving efficiency.

3. **Smart Contracts**: Smart contracts are self-executing

contracts with the terms of the agreement directly written into
code. Blockchain facilitates the implementation of smart
contracts, enabling automated and trustless execution of
agreements, such as in insurance claims processing, real
estate transactions, or supply chain management.
4. **Identity Management**: Blockchain can be leveraged for
secure identity management systems. Individuals can have
control over their digital identities, and organizations can
verify identities without relying on a centralized authority,
thereby reducing the risk of identity theft and fraud.

5. **Voting Systems**: Blockchain-based voting systems offer

increased transparency, security, and immutability compared
to traditional voting systems. Each vote is recorded on the
blockchain, ensuring that it cannot be altered or tampered
with, thereby enhancing the integrity of the electoral process.

6. **Healthcare**: Blockchain can improve the security and

interoperability of healthcare data. Patient records stored on a
blockchain can be securely accessed and shared among
healthcare providers, ensuring data integrity, privacy, and
reducing administrative overhead.

7. **Intellectual Property Protection**: Blockchain technology

can be used to timestamp creative works, such as art, music,
or documents, providing immutable proof of ownership and
creation date. This helps in protecting intellectual property
rights and combating plagiarism.

8. **Financial Services**: In addition to cryptocurrencies,

blockchain has various applications in the financial sector,
including cross-border payments, remittances, trade finance,
and asset tokenization. Blockchain-based solutions can
reduce transaction costs, increase transaction speed, and
enhance transparency in financial transactions.

9. **Supply Chain Finance**: Blockchain can facilitate supply

chain finance by providing a transparent and secure platform
for financing transactions between suppliers, manufacturers,
and distributors. Smart contracts can automate payment
processes based on predefined conditions, such as delivery
confirmation.

10. **Real Estate**: Blockchain can streamline property

transactions by providing a transparent and tamper-proof
ledger of ownership records. Smart contracts can automate
the execution of property transfer agreements, reducing the
need for intermediaries and minimizing the risk of fraud.

These are just a few examples of the diverse applications of

blockchain technology across various industries. As the
technology continues to evolve, new use cases and
innovations are likely to emerge.