Blockchain technology has the ability to disrupt industries and
transform business models since all intermediaries and stakeholders
can now interact with little friction and at a fraction of the
current transaction costs. Using blockchain technology, firms can
undergo new applications and processes by pursuing transparency and
control, low bureaucracy, trustless relationships, high standards
of responsibility, and sustainability. As a result, business and
organizations can successfully implement blockchain to grant
transparency to consumers and end-users; remove challenges linked
to pollution, frauds, human rights, abuse, and other
inefficiencies; as well as guaranteed traceability of goods and
services by univocally identifying the provenance inputs' quantity
and quality along with their treatment and origin. Blockchain
Technology Applications in Businesses and Organizations reveals the
true advantages that blockchain entails for firms by creating
transparent and digital transactions, resolves conflicts and
exceptions, and provides incentive-based mechanisms and smart
contracts. This book seeks to create a clear understanding of
blockchain's applications such that business leaders can see and
evaluate its real advantages. Blockchain is then analyzed not from
the typical perspective of financial tools using cryptocurrencies
and bitcoins but from the perspective of the business advantages
for business and organizations. Specifically, the book highlights
the advantages of blockchain across different segments and
industries by analyzing specific aspects like 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, academicians, and researchers.
General
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