First, we will start with a simple introduction to various applications of blockchain technology, such as finance, accounting, supply chain, and legal. Then, we show how to use Monte Carlo SimulationMonte Carlo Simulation to generate a set of transactionsTransactions, such as 2,000 observations. The Merkle TreeMerkle tree methodology is used to ‘merge’ transactionsTransactions in a blockBlock to generate a final hashHash (Merkle RootMerkle Root hashHash). Finally, students learn how to generate their blockchain.

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Blockchain Applications and Simulations

  • Yuxing Yan

摘要

First, we will start with a simple introduction to various applications of blockchain technology, such as finance, accounting, supply chain, and legal. Then, we show how to use Monte Carlo SimulationMonte Carlo Simulation to generate a set of transactionsTransactions, such as 2,000 observations. The Merkle TreeMerkle tree methodology is used to ‘merge’ transactionsTransactions in a blockBlock to generate a final hashHash (Merkle RootMerkle Root hashHash). Finally, students learn how to generate their blockchain.