Conclusions from the Analysis of Blockchain Solutions

Abstract

The development of blockchain technology and distributed ledgers indeed contributes to enabling the delivery of various digital services, such as financial services, registry management, and tokens, including non-fungible tokens (NFTs). In blockchain systems, decisions are made based on the so-called consensus mechanism, which is a method of selecting a single version of transaction history that all nodes consistently agree upon. Although this technology is classified as emerging, it has a history of over ten years, and its ongoing implementations, including in the public administration sector, demonstrate its evolution and its status as one of the most promising technologies in terms of ensuring data immutability. The published ISO (International Organization for Standardization) standards and numerous implementations using business models executed in the DAO (Decentralized Autonomous Organization) architecture undoubtedly support the development of blockchain.