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China Academy of Information and Communications Technology Blockchain Research Report

Blockchain is a highly secure and tamper-resistant accounting technology maintained by multiple parties, also known as distributed ledger technology. Based on whether the system has a node admission mechanism, blockchains can be classified as: permissioned chains; consortium chains; private chains; and permissionless/public chains. Applicable scenarios include new types of databases, multiple business entities, mutual distrust, and strong business interrelations.