Amin, Mohd Rushidi Mohd and Abbas, Mohd Saleh and Ismail, Albert Feisal and Rahmat, Robaisya and Zolkefle, Nor Zuleikha Nawal and Nordin, Mohd Norazmi (2023) Blockchain systems and applications: evaluating the opportunities of the blockchain technology in various industries. In: 3rd International Conference on Advance Computing and Innovative Technologies in Engineering, ICACITE 2023, 12 May 2023through 13 May 2023, Greater Noida.
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Blockchain systems and applications evaluating the opportunities of the blockchain technology in various industries.pdf Restricted to Repository staff only Download (1MB) |
Abstract
Blockchain technology is now viewed by many companies and industry communities as a technological solution and an active area of research. Blockchain can provide new chances and advantages to enterprises through greater efficiency, decreased costs, higher integrity and transparency, improved security, and enhanced traceability due to its decentralised and trustworthy nature. increase. While we see the majority of blockchain applications in the financial and banking industry, we are increasingly seeing experimentations and projected applications in other industries. In this white paper, a description of blockchain technology is given. It enumerates all the essential features, design components, and advantages that make blockchain a fantastic and distinctive technology. We also go through a taxonomy of blockchain systems and the most popular consensus protocols. This whitepaper also explores blockchain-based applications in various industries, namely finance, insurance, supply& chain management, energy, media & advertising, real estate, and medical sector. We will analyze the key issues facing the sector as well as blockchain based solutions and their implementation. The study identifies three major drawbacks of blockchain technology: scalability, security, and regulation, and portrays howsuch issues affect the use and adoption of blockchain technology.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Blockchain technology, Cryptocurrency, Decentralized applications, Distributed ledger, Smart contracts |
| Divisions: | Faculty of Technology Management and Technopreneurship |
| Depositing User: | Maizatul Najwa Ahmad |
| Date Deposited: | 14 Oct 2024 17:27 |
| Last Modified: | 14 Oct 2024 17:27 |
| URI: | http://eprints.utem.edu.my/id/eprint/27957 |
| Statistic Details: | View Download Statistic |
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