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Bridges Between Islands: Cross-Chain Technology for Distributed Ledger Technology

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Title:Bridges Between Islands: Cross-Chain Technology for Distributed Ledger Technology
Authors:Kannengießer, Niclas
Pfister, Michelle
Greulich, Malte
Lins, Sebastian
Sunyaev, Ali
Keywords:Blockchain Cases and Innovations
cross-chain technology
distributed ledger technology
Date Issued:07 Jan 2020
Abstract:Since the emergence of blockchain in 2008, today, we see a kaleidoscopic variety of applications built on distributed ledger technology (DLT), including applications for financial services, healthcare, or the Internet of Things. Yet, each application comes with specific requirements for DLT characteristics (e.g., high throughput, scalability). However, trade-offs between DLT characteristics restrict the development of a DLT design (e.g., Ethereum, IOTA) that fits all use cases’ requirements simultaneously. Consequently, separated DLT designs emerged, each specialized to suite dedicated application requirements. To enable the development of more powerful applications on DLT, such DLT islands must be bridged. However, knowledge on cross-chain technology (CCT) is scattered across scientific and practical sources. Therefore, we examine this diverse body of knowledge and provide comprehensive insights into CCT by synthesizing underlying characteristics, evolving patterns, and use cases. Our findings resolve existing contradictions in the literature and provide avenues for future research in an emerging scientific field.
Pages/Duration:10 pages
Rights:Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections: Blockchain Cases and Innovations

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