Blockchain is one of the most globally employed security technology for protecting data through decentralized transparent e-ledger maintenance. The primary working principle of blockchain vastly depends on a smart contract which is one of the blockchain components. It creates a smart way of security and builds a strong foundation in many of the blockchain applications such as e-voting, healthcare, cybersecurity system, and more. This article gives you end-to-end research updates for developing Blockchain Technology PhD Thesis along with its current research areas!!!

In a short period, blockchain turns out to be the master technology to hold the future era of digital transactions. As a result, it gains tremendous popularity in the web-based information security system. It creates numerous advanced real-world applications in the research field which grabs the attention of current and upcoming scholars.

Concept of Blockchain Technology

Blockchain technology is mainly introduced to overcome the conventional data synchronization issue in a decentralized system.  By the by, it is the colossal collection of several smart technologies such as economic models, cryptography techniques, mathematics models, forensic approaches, and consensus algorithms in the peer-to-peer network. Also, it integrates multiple fields to design the firm infrastructure.

What are the Components of Blockchain?

In general, the standard blockchain system architecture is made up of 3 primary entities such as smart contracts, distributed applications, and distributed ledger. All these entities have the key player role to build the security over all the transactions for creating a reliable network.

• Smart Contracts – Agreement to be executed at the time of data transaction and storage with the help of Distributed Ledger.
• Distributed Applications – Decentralized cloud applications developed for end-users.
• Distributed Ledger – Database which is open to all the users from various regions, sites, institutes, and more

To upgrade the typical standard level, we employ all-new cryptographic technologies to the fullest extent for getting extraordinary research outcomes. Also, we are familiarized with other enhanced blockchain security mechanisms. So, we are sure to assist you to research and develop any sort of advanced applications. Next, we can see the general workflow of the Blockchain system.

How Blockchain Works?

• On one hand, the data transmitter node distributes the new data to the network after their registration.
• On the other hand, the data receiver node verifies the message from those arrival data.
• Then, only after the successful validation, the data is stored in the block.
• Next in each block, the receiver node run either proof of stake (PoS) or proof of work (PoW) algorithm
• After that, the consensus mechanism is executed to establish the connection between blocks to form Blockchain.
• Further, all the network nodes will admit the block to expand the chain 

Types of Blockchain

The Blockchain is presently classified into 4 major types. And they are a consortium, private, public, and hybrid blockchains systems. Let’s see more about them below sections.

• Private blockchains
  • Deny the unauthorized users to access the network
  • Allow only network admin permitted users as a validator
  • Utilize Distributed Ledger (DLT)
  • For instance: decentralized database storage in a Peer-To-Peer network
• Public blockchains
  • Any user can perform the transaction in online mode and become a validator
  • Utilize Proof of Work (PoW) and Proof of Stake (PoS) algorithms
  • For instance: Ethereum and bitcoin blockchain
• Hybrid blockchains
  • Combo of both centralized and decentralized system
  • Variation in chain functionalities (depends on employed central and distributed portion)

Now, we can see discuss a few important smart contracts that are highly preferred in Blockchain Technology PhD thesis research work. Since smart contracts boost up the security of the system in data transactions. For your ease, we have emphasized some key characteristics of smart contracts in terms of data model, consensus, language, execution, and application. Let’s have a quick look over them in the below section,

What are the Types of Smart Contracts?

• Parity
  • Account-based Data Model
  • Solidity Language (Object Oriented)
  • Proof of Authority (PoA)
  • Ethereum Virtual Machine (EVM)
• Sawtooth Lake
  • Account-based Data
  • Python Script Language
  • Proof of Elapsed Time
  • Trusted Execution Environment (TEE)
• Ethereum
  • Account-based model
  • Low-level Lisp-like Language (LLL)
  • Ethash Proof-of-Work (PoW)
  • Ethereum Virtual Machine (EVM)
  • Ethereum EVM
• Tezos
  • Blockchain Account-based
  • Tezos Script Language
  • Dockers Image
  • Liquid Proof of stake (PoS)
  • Crypto Price
• Stellar
  • Account-based (Public key)
  • JavaScript Library
  • Stellar Consensus Protocol (SCP)
  • Dockers Image
• Dfinity 
  • Account-Based Model
  • Serpent Language
  • Block-chain Nervous System (BNS)
  • Ethereum Virtual Machine (EVM)
• Hyper-Ledger
  • Account-based
  • Golang API
  • Practical Byzantine Fault Tolerance (PBFT)
  • Dockers Scenarios
• Eris–DB
  • Based on a User account
  • Solidity Language
  • Tendermint Protocol (BFT)
• Ripple
  • UTXO Model
  • Proof of Stake (PoS)
  • Consensus Ledger Protocol
• Scalable BFT
  • Account of executed contracts
  • Haskell Libraries
  • Pact contract
• Corda
  • UTXO Data
  • Kotlin Interface
  • Raft-based
  • Java Virtual Machine (JVM)

Next, our research team has given you the top four PhD research areas in blockchain technology based on our expert’s suggestion. These areas are found to create a big positive impact on the blockchain security system.

Top 4 Research Areas in Blockchain Technology PhD Thesis

• E-Voting Systems using Blockchain Security
• Blockchain-enabled Digital Data Identity Verification System
• Blockchain-based Decentralized Storage System
• Blockchain Technology in Precision Agriculture

Further, we have listed the top 5 current research topics which are collected from the latest blockchain technology research areas. We boost up our clients to share their ideas with us to have a mutual understanding thereby gaining a fruitful accurate and expected result.

Top 5 Blockchain Technology PhD Thesis Topics

• Inspecting Blockchain Legal and Technological Issues
• Secure Public Documents Storage in Decentralized Blockchain System
• Blockchain-based Healthcare Applications and Solutions
• Secure Multiple Microgrids Energy Transactions in Distributed System
• Employing Blockchain Smart Contracts in Supply Chain Systems

Further, our experts have given you the new developments of blockchain in the below points. The active scholars are looking forwards to these novelties.

What are the novelties in blockchain technology?

• Simplified Lightweight Design
• Custom based Smart Contracts
• Joint Block and Pilot length Optimization
• Optimal Mining Approaches
• Adaptive Block Architecture Adjustment
• Efficient Miner Strategy Selection

Then from the development side, we are glad about mentioning our skilled developers who are eager to fulfill all your expectations. We assure you that our team will tackle any level of complex research challenges through smart solutions. For your reference, we have presented some datasets that are commonly used in machine learning-based blockchain technology projects.

Blockchain Datasets

• Top 100 Cryptocurrency Historical Data:
  • Source: Top 100 Cryptocurrencies
  • Features:
    • Trace the historical data
    • Analyze the price, market capitalization, and more
• Kitties on the Blockchain:
  • Source: Crypto-kitties Dataset (CSV file format)
  • Features:
    • 1 block = 1000 kitties
    • Create virtual kitties
• Ethereum Historical Data:
  • Source – Ethereum
  • Features:
    • Public open-source blockchain
    • Support Decentralized Computing Platform
• Brave New Coin:
  • Source: 200+ crypto-exchanges
  • Features: 
    • Real-time End-of-day (EOD) historical datasets
    • Include Bitcoin trading exchange data and APIs
• Cryptodatadownload:
  • Source: Finite various cryptocurrencies exchanges data (CSV file format)
  • Features:
    • Provide daily market risk on an aggregate basis
    • Analyze the risk data
• Spreadsheet:
  • Source: 100+ Cryptocurrency
  • Features:
    • Mining and Market data
• Bitcoin Historical Data:
  • Source:  Bitcoin exchanges (CSV file format)
  • Features:
    • Give OHLC (Open, High, Low, Close) price chart
    • Determine the Volume Weighted Average Price of BTC
• Crypto Compare Coins List:
  • Source: Top 60+ worldwide crypto exchanges
  • Features:
    • Analyze the market through charts and prices list
    • Acquire the data from provided Application Programming Interfaces (APIs)
• Cryptodatasets:
  • Sources: Cryptocurrencies data from the different trading exchange
  • Features:
    • Free dataset of historical price
• Coin Gecko:
  • Source: 2,500 cryptocurrencies (Globally)
  • Features:
    • Real-time price, trade volume, market cap, and more
    • The quantitative measure of price
• Coinigy Bitcoin Data:
  • Source: Every month pricing model (CSV file format)
  • Features:
    • High-Quality Data
    • Include RAW and OHLCV (OHLC-Volume) data
• Poloniex:
  • Features:
    • Crypto Exchange Platform
    • Fetch Data through API for Mining the Data

Next, we can see about our Blockchain Technology PhD Thesis writing service. The well-defined and well-organized thesis will attain the attraction of field experts. Our technical writer team will surely help you to make that kind of thesis through our clear logical explanation, defendable reasons, and structured format. Overall, we are unique from others in revealing the original contribution.

How to write the BEST Thesis?

• Comprehensive knowledge on resolution with their expected impediments
• Create unique research contribution
• Emphasis the contribution utilizing originality in new findings
• Expose the ability to disseminate the findings in an intellectual context

Below, we have also given you a list of things that follow while writing a Blockchain Technology PhD Thesis. In addition, we also cross-check the above specified key points to make your thesis perfect in all aspects.

• Define the problem with its related historical information
• Describe the literature study on recent research with its advantages and drawbacks
• Discuss the proposed methods, algorithms, and techniques
• Explore the experimental result and interpret the findings
• Summarize the conclusion with future work suggestions

To the end, make use of this valuable and worthy tie-up of us to shine more in your Blockchain Technology PhD Thesis research work. We will help you in all means to crack your goal.