Chapter 9 Blockchain Merging of Business and Technology
Blockchain application supports an open architecture and provides improved transparency and traceability of information in near real time to all users. Blockchain characteristics include traceability, transparency, time stamped, secured, consensus driven, and censorship resistant. The potential value drivers of blockchain technology are transparency and reduced administrative costs, lowered risk of fraud, and improved control of subcontracted manufacturing. The scope of blockchain technology includes control of data and sharing of data with all stakeholders on the blockchain. Primary benefits of blockchain technology are its ability to provide a secure and transparent way to manage and ...
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