International Journal of Robotics and Control Systems
Vol 3, No 3 (2023)

Exploring Blockchain Data Analysis and Its Communications Architecture: Achievements, Challenges, and Future Directions: A Review Article

Hamzah M. Marhoon (College of Information Engineering, Al-Nahrain University)
Noorulden Basil (Department of Electrical Engineering, College of Engineering, Mustansiriyah University, Baghdad, Iraq)
Alfian Ma'arif (Department of Electrical Engineering, Universitas Ahmad Dahlan, Yogyakarta, Indonesia)



Article Info

Publish Date
06 Sep 2023

Abstract

Blockchain technology is relatively young but has the potential to disrupt several industries. Since the emergence of Bitcoin, also known as Blockchain 1.0, there has been significant interest in this technology. The introduction of Ethereum, or Blockchain 2.0, has expanded the types of data that can be stored on blockchain networks. The increasing popularity of blockchain technology has given rise to new challenges, such as user privacy and illicit financial activities, but has also facilitated technical advancements. Blockchain technology utilizes cryptographic hashes of user input to record transactions. The public availability of blockchain data presents a unique opportunity for academics to analyze it and gain a better understanding of the challenges in blockchain communications. Researchers have never had access to such an opportunity before. Therefore, it is crucial to highlight the research problems, accomplishments, and potential trends and challenges in blockchain network data analysis and communications. This article aims to examine and summarize the field of blockchain data analysis and communications. The review encompasses the fundamental data types, analytical techniques, architecture, and operations related to blockchain networks. Seven research challenges are addressed: entity recognition, privacy, risk analysis, network visualization, network structure, market impact, and transaction pattern recognition. The latter half of this section discusses future research directions, opportunities, and challenges based on previous research limitations.

Copyrights © 2023






Journal Info

Abbrev

IJRCS

Publisher

Subject

Control & Systems Engineering Electrical & Electronics Engineering

Description

International Journal of Robotics and Control Systems is open access and peer-reviewed international journal that invited academicians (students and lecturers), researchers, scientists, and engineers to exchange and disseminate their work, development, and contribution in the area of robotics and ...