Blockchain Technology Applications in Businesses and Organizations

Blockchain technology has the potential to disrupt industries and transform business models by providing transparency, control, low bureaucracy, trustless relationships, high standards of responsibility, and sustainability. This book explores the applications of blockchain in businesses and organizations, highlighting its advantages across various segments and industries, such as procurement, manufacturing, contracts, inventory, logistics, operations, sustainability, technology, and innovation. It is an essential reference source for managers, executives, IT specialists, students, operations managers, supply chain managers, project managers, technology managers, academics, and researchers.

Format: Paperback / softback
Length: 325 pages
Publication date: 01 December 2021
Publisher: IGI Global

Blockchain technology has the potential to revolutionize industries and reshape business models by enabling seamless and cost-effective interactions between all intermediaries and stakeholders. By leveraging blockchain technology, companies can explore new applications and processes, fostering transparency, control, low bureaucracy, trustless relationships, high standards of responsibility, and sustainability. This transformative approach allows businesses and organizations to grant transparency to consumers and end-users, eliminate challenges related to pollution, fraud, human rights abuses, and inefficiencies, and ensure the traceability of goods and services through a unique identification of provenance inputs, quantity, quality, treatment, and origin.

Blockchain Technology Applications in Businesses and Organizations delves into the myriad benefits that blockchain offers to firms, highlighting its ability to create transparent and digital transactions, resolve conflicts and exceptions, and provide incentive-based mechanisms and smart contracts. This comprehensive book aims to provide a clear understanding of blockchain's applications, enabling business leaders to assess and exploit its true advantages. Rather than focusing solely on cryptocurrencies and bitcoins, the book examines blockchain from the perspective of business benefits across different segments and industries. It explores specific aspects such as procurement, manufacturing, contracts, inventory, logistics, operations, sustainability, technology, and innovation, shedding light on the advantages of blockchain in each of these areas.

As a vital reference source for managers, executives, IT specialists, students, operations managers, and anyone interested in understanding the transformative power of blockchain, this book offers valuable insights and practical applications. By leveraging blockchain technology, businesses can unlock new opportunities for growth, efficiency, and sustainability, while also contributing to a more transparent and accountable global economy.

Dimension: 279 x 216 (mm)
ISBN-13: 9781799880158