Mastering Blockchain - Second Edition

Tiers of blockchain technology

In this section, various layers of blockchain technology are presented. It is thought that due to the rapid development and progress being made in blockchain technology, many applications will evolve. Some of these advancements have already been realized, while others are anticipated in the near future based on the current rate of advancement in blockchain technology.

The three levels discussed here were initially described in the book Blockchain: Blueprint for a New Economy by Melanie Swan, O'Reilly Media, 2015 as blockchain tiers categorized by applications in each category. This is how blockchain is evolving, and this versioning shows different tiers of evolution and usage of blockchain technology. In fact, ...