Investigation on Industry Applications of Blockchain Technology

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Author(s): Dhaya R. (King Khalid University, Saudi Arabia)and Kanthavel R. (King Khalid University, Saudi Arabia)
Copyright: 2021
Pages: 16
Source title: Blockchain Technology and Applications for Digital Marketing
Source Author(s)/Editor(s): Rohit Bansal (Department of Management Studies, Vaish College of Engineering, Rohtak, India), Pacha Malyadri (ICSSR, Center for Economic and Social Studies, India), Amandeep Singh (Chitkara Business School, Chitkara University, Punjab, India)and Asif Pervez (Jamia Millia Islamia University, India)
DOI: 10.4018/978-1-7998-8081-3.ch009

Keywords: Business & Management / Business Science Reference / Marketing

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Abstract

Blockchain (BC) is a collective, indisputable ledger that makes easy the course of action of recording dealings and footpath possessions in an industry system. On the other hand, BC is significant in business that sprints on information. A BC network can follow instructions, expenditure, financial records, manufacture, and many more. Yet, the difficulties of BC in industry like mindfulness and getting, association, culture, cost and proficiency, regulation and administration, and security and protection must be properly dealt with to gain the advantages fully. Hence, the objectives of this chapter are to investigate various applications of industries that involve BC technology, the challenges, evolution of BC in industry applications, and its need, types of BC, and networks for industries and comparison. Further, the chapter discusses how to manage the hyperconnected supply chain in terms of industrial applications in terms of scalability, integrity, and legacy.

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