Blockchain in Defence: a Breakthrough?
Food for thought September 2020 Blockchain in defence: a breakthrough? Written by Alessia Cornella, Linda Zamengo, AN EXPERTISE FORUM CONTRIBUTING TO EUROPEAN CONTRIBUTING TO FORUM AN EXPERTISE SINCE 1953 ARMIES INTEROPERABILITY European Army Interoperability Center Alexandre Delepierre, Georges Clementz This paper was drawn up by Alessia Cornella, Linda Zamengo, Alexandre Delepierre and Georges Clementz under the supervision and guidance of Mr Mario Blokken, Director of the Permanent Secretariat. This Food for Thought paper is a document that gives an initial reflection on the theme. The content is not reflecting the positions of the member states but consists of elements that can initiate and feed the discussions and analyses in the domain of the theme. All our studies are available on www.finabel.org TABLE OF CONTENT Introduction 2 Applications and functioning of blockchain technology 4 Developments in the blockchain technology in the military around the world 13 Challenges and limitations of blockchain: Costs associated with the technology, security loopholes 19 Conclusions and recommendations 23 Bibliography 24 INTRODUCTION lockchain is set to radically change time (ComputerWorld, 2019). In other words, our way of life in the coming dec- blockchain can be described as a global online ades. That is why many authors, like database, that anyone, anywhere in the world, Marc Andreessen, considered it “one with an internet connection, can use. As a con- of the most important technologies sequence, a blockchain doesn’t belong to anyone, since the advent of the Internet.” (Finance Train, and it stores information permanently across a B2019). Based on a peer-to-peer (P2P) topology, network of personal computers.
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