
Blockchains were designed to solve the problem of double-spending in cryptocurrencies, and the success of the Bitcoin design has generated vastly more interest than previous proposals for digital currencies. Blockchains are being used in other areas as well, but the design choices that made blockchains effective for cryptocurrencies often do not fit well with other applications. In this paper we review the properties of distributed ledger technology (DLT) for use in typical data management applications and show how two recently developed distributed ledger ideas can be used to retain valuable aspects of blockchain while simplifying design and adding new but often necessary capabilities to permissioned distributed ledger applications. In particular, we are interested in the ability to delete or modify blocks, and the ability to provide a timestamping mechanism to provide a highly accurate time for applications that are time order dependent.
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 30 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
