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In the ever-evolving landscape of the modern world, the synergy between technology and management has become a cornerstone of innovation and progress. This book, Blockchain Technology: Principles, Protocols, and Use Cases, is conceived to bridge the gap between emerging technological advancements in blockchain and their strategic application across various industries. Our objective is to equip readers with the tools and insights necessary to excel in this dynamic intersection of fields. This book is structured to provide a comprehensive exploration of the methodologies and strategies that define blockchain innovation, particularly its principles, protocols, and use cases in real-world applications. From foundational theories to advanced applications, we delve into the critical aspects that drive successful implementation and adoption of blockchain technologies. We have made a concerted effort to present complex concepts in a clear and accessible manner, making this work suitable for a diverse audience, including students, managers, and industry professionals. In authoring this book, we have drawn upon the latest research and best practices to ensure that readers not only gain a robust theoretical understanding but also acquire practical skills that can be applied in real-world blockchain scenarios. The chapters are designed to strike a balance between depth and breadth, covering topics ranging from technological development and blockchain adoption to the strategic management of innovation. Additionally, we emphasize the importance of effective communication, dedicating sections to the art of presenting innovative ideas and solutions in a precise and academically rigorous manner. The inspiration for this book arises from a recognition of the crucial role that blockchain technology plays in shaping the future of digital businesses and beyond. We are profoundly grateful to Chancellor Shri Shiv Kumar Gupta of Maharaja Agrasen Himalayan Garhwal University for his unwavering support and vision. His dedication to fostering academic excellence and promoting a culture of innovation has been instrumental in bringing this project to fruition. We hope this book will serve as a valuable resource and inspiration for those eager to deepen their understanding of how blockchain technologies can be harnessed to drive innovation. We believe that the knowledge and insights contained within these pages will empower readers to lead the way in creating innovative solutions that will define the future of various industries. Thank you for joining us on this journey. Authors
This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.
While there are many books on blockchains, this guide focuses on blockchain applications for business. The target audience is business students, professionals, and managers who want to learn about the overall blockchain landscape -- the investments, the size of markets, major players and the global reach -- as well as the potential business value of blockchain applications and the challenges that must be overcome to achieve that value. We present use cases and derive action principles for building enterprise blockchain capabilities. Readers will learn enough about the underlying technologies to speak intelligently to technology experts in the space, as the guide also covers the blockchain protocols, code bases and provides a glossary of terms. We use this guide as the textbook for our undergraduate and graduate Blockchain Fundamentals course at the University of Arkansas. Other professors interested in adopting this guide for instructional purposes are welcome to contact the author for supporting instructional materials.
Blockchain technology is a powerful, cost-effective method for network security. Essentially, it is a decentralized ledger for storing all committed transactions in trustless environments by integrating several core technologies such as cryptographic hash, digital signature and distributed consensus mechanisms.
This book offers an in-depth look at Industry 4.0’s applications and provides a conceptual framework for design principles and easy implementation. The book touches on the impact of Industry 4.0 and also examines the key technological advances and potential economic and technical benefits through case studies featuring real-world implementations. Industry 4.0 Key Technological Advances and Design Principles in Engineering, Education, Business, and Social Applications discusses the impact of Industry 4.0 and workforce transformation. The book examines the key technological advances that support Industry 4.0 and examines their potential economic and technical benefits through case studies. It covers the connection Industrial 4.0 has with IT and communication technologies and demonstrates the technological advancements and how to use their benefits towards and through examples of real-world applications. This book offers a conceptual framework and road map for those making decisions as they go through the next stage of transformation. This book mainly targets academicians, professionals, business professionals, start-up companies, and researchers at undergraduate, postgraduate, and doctoral levels.
Blockchain and other trustless systems have gone from being relatively obscure technologies, which were only known to a small community of computer scientists and cryptologists, to mainstream phenomena that are now considered powerful game changers for many industries. This book explores and assesses real-world use cases and case studies on blockchain and related technologies. The studies describe the respective applications and address how these technologies have been deployed, the rationale behind their application, and finally, their outcomes. The book shares a wealth of experiences and lessons learned regarding financial markets, energy, SCM, healthcare, law and compliance. Given its scope, it is chiefly intended for academics and practitioners who want to learn more about blockchain applications.
This new volume provides an overview of the Internet of Things along with its architectures, its vital technologies, and their uses in our daily life. The book explores the integration of IoT with other emerging technologies, such as blockchain and cloud. Topics in the volume cover the many powerful features and applications of IoT, such as for weather forecasting, in agriculture, in medical science, in surveillance systems, and much more. The first section of the book covers many of the issues and challenges that arise from the Internet of Things (IoT), exploring security challenges, such as attack detection and prevention systems, as well as energy efficiency and resource management in IoT. The volume also introduces the use of IoT and smart technology in agricultural management, in healthcare diagnosis and monitoring, and in the financial industry. Chapters also focus on surveillance network technology, the technology shift from television to video streaming apps, using IoT–fog computing for smart healthcare, detection of anomalies in climate conditions, and even detection of illegal wood logging activity.
Blockchain’s significant advances since 2020 – including a plethora of new use cases – have necessitated a comprehensive revision of the first edition of this matchless resource. While new chapters and topics have been added, the handbook still follows the systematic and structured approach of the first edition. Each contributor – all of them practitioners experienced with blockchain projects within their respective areas of expertise and specific jurisdictions – elucidates the implications of blockchain technology and related legal issues under such headings as the following: understanding blockchain from a technological point of view; regulatory aspects of blockchain; smart contracts; data privacy; capital markets; crypto asset regulation in Europe, the UK and the US; intellectual property; and antitrust law. The foundational chapter on the technical aspects of blockchain technology has been meticulously expanded to elucidate the proof of stake consensus mechanism alongside fresh insights into the ERC-721 Token Standard for non-fungible tokens, decentralized exchanges, staking, stablecoins, and central bank digital currencies. As blockchain law cements itself as a distinct legal field, this new edition is poised to be an invaluable asset for legal practitioners, in-house lawyers, IT professionals, consultancy firms, blockchain associations, and legal scholars. At a depth that allows non-IT experts to understand the groundwork for legal assessments, the handbook provides those charting the dynamic waters of this field of law with a compass, ensuring they are well-equipped to tackle the legal issues raised by the usage of blockchain technology.
Blockchain technology presents numerous advantages that include increased transparency, reduced transaction costs, faster transaction settlement, automation of information, increased traceability, improved customer experience, improved digital identity, better cyber security, and user-controlled networks. These potential applications are widespread and diverse including funds transfer, smart contracts, e-voting, efficient supply chain, and more in nearly every sector of society including finance, healthcare, law, trade, real estate, and other important areas. However, there are challenges and limitations that exist such as high energy consumption, limited scalability, complexity, security, network size, lack of regulations, and other critical issues. Nevertheless, blockchain is an attractive technology and has much to offer to the modern-day industry. Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector investigates blockchain technology’s adoption and effectiveness in multiple industries and for the internet of things (IoT)-based applications, presents use cases from industrial and financial sectors as well as from other transaction-based services, and fills a gap in this respect by extending the existing body of knowledge in the suggested field. While highlighting topics such as cybersecurity, use cases, and models for blockchain implementation, this book is ideal for business managers, financial accountants, practitioners, researchers, academicians, and students interested in blockchain technology’s role and implementation in IoT and the financial sector.
In the rapidly evolving landscape of the digital age, two technologies stand out for their transformative potential: Artificial Intelligence (AI) and Blockchain. This book offers an incisive exploration of the confluence between these technological titans, shedding light on the synergies, challenges, and innovations that arise at this intersection. The chapters explore thought-provoking analyses, informed by cutting-edge research and expert perspectives, that navigate the nuanced interplay of decentralized ledger technology and intelligent systems. From potential applications in teaching and learning, finance, healthcare, and governance to ethical considerations and future trajectories, this volume serves as an essential compendium for scholars, professionals, and anyone keen to grasp the future of digital innovation.