A full sharding scheme for Consortium blockchain in a zero-trust, shared resource setting

Blockchain technology has emerged as a response to the growing demand for trust, transparency, and security in the realm of digital financial transactions, in which Bitcoin serves as an initial prime example. It offers an immutable, decentralised ledger system to verify and record transactions without a central authority, indicating a paradigm shift in traditional financial systems. Blockchain is a pioneering topic including a set of technologies that have the potential to revolutionise, improve, or even substitute existing technologies, particularly focusing on its implications and applications in the financial transaction sector. The inherent properties of Blockchain, such as decentralisation, immutability, and transparency, are capable of resolving several prevailing issues in the financial transaction industry. Blockchain can streamline financial processes, increase efficiency, reduce fraud, eliminate intermediaries, and provide unprecedented levels of security and privacy in transactions. Moreover, it fosters the potential to significantly reduce costs and accelerate transaction speed, enhancing the overall efficiency of the financial ecosystem.