Postulation of Blockchain technology as a core of Digital Era

V. Sharanya (), K. Soundarapandiyan and S. Dinesh Kumar
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V. Sharanya: B.S. Abdur Rahman Crescent Institute of Science &Technology, Research Scholar, Dept. of Commerce
K. Soundarapandiyan: B.S. Abdur Rahman Crescent Institute of Science &Technology, Associate Professor & Head, Dept. of Commerce
S. Dinesh Kumar: Sri Sairam Engineering College, Associate Professor, Department of Management Studies

A chapter in Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024), 2024, pp 442-450 from Springer

Abstract: Abstract The Blockchain is a technology that is at the heart of cryptocurrency innovation by putting in place computer programs for consensus, validity, and verification in a brand-new system called the blockchain. The blockchain infrastructure now includes compute components, opening a vast array of opportunities beyond basic money transfers. Though being in its infant stage it has entered in all business and sectors. With the speed of digital transformation and its acceptance across all layers of audience it’s nevertheless to be called as the FUTURE. We live in a technologically dominant era in which most actions, whether in daily life or broader socioeconomic efforts, are inextricably linked to technology, making it more relevant than ever before. One of the most frequently discussed upcoming technologies with enormous promise is blockchain technology. On a welcoming note, and due to novelty, blockchain technology is invading into all sectors right from health, legal to video games. Block chain is much more than crypto currency for which is now been primarily used and bitcoin is just a glimpse of it. In this paper the researcher will assess into literature concerning Blockchain technology and examine its recent applications in various fields of this digital era.

Keywords: Blockchain technology; supply chain; application; Unspent Transaction Output; Reference numbers; decentralized network (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-433-4_32

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