Date of Award

5-2016

Document Type

Thesis

Degree Name

Master of Arts (MA)

Legacy Department

Economics

Committee Member

Dr. Gerald Dwyer, Committee Chair

Committee Member

Dr. Skip Sauer

Committee Member

Dr. Charles Thomas

Abstract

The purpose of this document is to discuss the origins, developments, and economic issues of blockchain technology as well as the industry opportunities presented by different forms of ledger systems. The engineering of digital currencies' blockchains are presented beginning with bitcoin and its blockchain. Afterwards, specific areas of contention within the engineering innovations and their interaction with the economics of blockchain transaction services with respect to the consensus process are discussed. Finally, industry opportunities are presented and specific organizations' applications are described.

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