Cross-Industry Blockchain Technology: Opportunities and Challenges in Industry 4.0

Author(s): Sachin Sharma* and Kamal Kumar

DOI: 10.2174/9789815051452122010004

Distributed Ledger Technology and its Potential Applications - Financial Sector

Pp: 18-46 (29)

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* (Excluding Mailing and Handling)

  • * (Excluding Mailing and Handling)

Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

The concept of blockchain has shown tremendous potential and growth in the last decade. The terms such as blockchain and digital ledger technology are used interchangeably. Many research efforts have been madto explain and harness the benefits of digital ledger technology for the financial sector. Digital currency or cryptocurrency is a technological currency based on the block chain concept.

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