Foundations of Blockchain

Birch-Brown-Parulava model

David Birch, Richard Brown, and Salome Parulava proposed an evaluation model in the paper Towards ambient accountability in financial services: Shared ledgers, translucent transactions and the technological legacy of the great financial crisis, which was published in the Journal of Payments Strategy and Systems. The paper proposes a model to explore the application of shared ledgers in financial services. They also envision a financial marketplace with translucent transactions.

Figure 11.8 shows the proposed decision model, which evaluates the application of blockchain in financial services. The type of blockchain to go with is classified as permissioned or permissionless based on the permissions assigned to the ...