Advances, Systems and Applications
Challenge | Research directions |
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• As a result of the storing of network-wide transactions, the storage needs must be raised • Latency remains an issue due to the huge amount of data processed • Various consensus algorithms consume a lot of energy • Block creation confirmation times are long | |
• In most cases, user data in public BC is available to anybody • Off-chain alternatives are still a source of contention • Privacy problems arise as a result of pseudonymous techniques | |
• It is necessary to create standards for building safe smart contracts that cannot be exploited for harmful reasons • On a worldwide scale, competent and uniform rules and regulations are necessary • Interoperability issue due to different consensus models, transaction methods, and smart contract functionality | |
• Complex big data analytics techniques on limited resources are a significant problem for FC and BC • Authenticating the training data sets might be a significant challenge • Evaluation and standardization of post-quantum cryptography primitives are required |