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What is Consensus Protocol

Chapter 2
Handbook of Research on Smart Technology Applications in the Tourism Industry
A process in computer science used to achieve agreement on a single data value among distributed processes or systems.
Published in Chapter:
Blockchain Technology and Its Uses in the Tourism Industry
Yunus Topsakal (Adana Alparslan Türkes Science and Technology University, Turkey)
Copyright: © 2020 |Pages: 19
DOI: 10.4018/978-1-7998-1989-9.ch002
Abstract
The public and private sectors will undergo a significant transformation with the use of blockchain technology, and this potential of blockchain technology will be influential in all areas of life. In addition, blockchain technology can help ease the integration of the Internet of Things, augmented reality, and artificial intelligence applications. The question of how such a technology that is in the process of development will be applied in areas such as taxation, notary operations, and banking, arises simultaneously. Studies related to blockchain technology have mainly been carried out in the fields of finance, logistics, banking, and education. However, there is a paucity of studies on blockchain technology in the tourism industry which has an important role in the global economy. Therefore, the potential of using blockchain technology in the tourism industry is evaluated in this chapter. For this purpose, the features, advantages, and disadvantages of blockchain technology are explained. The potential uses of blockchain technology in the tourism industry are then discussed.
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Chapter 77
Recommendation-Mediated Consensus as an E-Marketing Tool
Communication rule to exchange state information between users and their neighbours in order to reach group agreement by means of distributed decision making.
Published in Chapter: Recommendation-Mediated Consensus as an E-Marketing Tool; From: Encyclopedia of E-Commerce Development, Implementation, and Management
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Chapter 3
Securing Digital Ecosystems: Harnessing the Power of Intelligent Machines in a Secure and Sustainable Environment
Is a set of rules that must be followed by participants in a network to agree on a certain value. Consensus protocols also consider any faulty participants.
Published in Chapter: Securing Digital Ecosystems: Harnessing the Power of Intelligent Machines in a Secure and Sustainable Environment; From: Handbook of Research on AI and ML for Intelligent Machines and Systems
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Chapter 10
Applications of Secured Blockchain Technology in the Manufacturing Industry
A computer protocol in the form of an algorithm constituting a set of rules for how each participant in a blockchain should process messages (say, a transaction of some sort) and how they should accept the processing done by other participants. The purpose of a consensus protocol is to achieve consensus between participants as to what a blockchain should contain at a given time (including new blocks). Terms used to describe consensus protocols in the context of blockchain technologies include “proof of work” or “proof of stake”.
Published in Chapter: Applications of Secured Blockchain Technology in the Manufacturing Industry; From: Blockchain and AI Technology in the Industrial Internet of Things
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