Blockchain technology presents numerous advantages that include
increased transparency, reduced transaction costs, faster
transaction settlement, automation of information, increased
traceability, improved customer experience, improved digital
identity, better cyber security, and user-controlled networks.
These potential applications are widespread and diverse including
funds transfer, smart contracts, e-voting, efficient supply chain,
and more in nearly every sector of society including finance,
healthcare, law, trade, real estate, and other important areas.
However, there are challenges and limitations that exist such as
high energy consumption, limited scalability, complexity, security,
network size, lack of regulations, and other critical issues.
Nevertheless, blockchain is an attractive technology and has much
to offer to the modern-day industry. Industry Use Cases on
Blockchain Technology Applications in IoT and the Financial Sector
investigates blockchain technology's adoption and effectiveness in
multiple industries and for the internet of things (IoT)-based
applications, presents use cases from industrial and financial
sectors as well as from other transaction-based services, and fills
a gap in this respect by extending the existing body of knowledge
in the suggested field. While highlighting topics such as
cybersecurity, use cases, and models for blockchain implementation,
this book is ideal for business managers, financial accountants,
practitioners, researchers, academicians, and students interested
in blockchain technology's role and implementation in IoT and the
financial sector.
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