CHAPTER 4
Convergence of Blockchain and Big Data
4.1 The Commercial Value of Blockchain
The essence of blockchain is to use the information technology to build the basis of business rules and provide a new business environment and order. Therefore, in this new business environment, organisations that identify with the new business order can stand out as new business leaders without many constraints of the original competitive environment, resources, and status. What they need to do is to develop new business solutions and build new business networks for customers on top of the blockchain technology framework. It is conceivable that blockchain offers a huge opportunity to disrupt the existing market order and advantages.
In the words of ...
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