Blockchain for Big Data

CHAPTER 6

Future Directions

6.1     Landing in Sharing Economy

In recent years, a new model has emerged on the market based on the temporary rental of unused goods or the provision of services in order to obtain economic benefits – the sharing economy. Due to the relatively short time and rapid development of this economic model, as well as the lack of corresponding industry regulatory systems and methods, it faces a series of problems. The blockchain’s unique data storage mechanism and mode of operation can specifically address some of the current problems in the sharing economy (Hawlitschek, Notheisen, & Teubner, 2018).

6.1.1     Reduce Platform Operating Costs with Decentralised Architecture

The high cost of operation has been a lingering ...