Business & Management Studies

Modeling Blockchain For Different Industries in Developing Economy

Modeling Blockchain For Different Industries in Developing Economy

Blockchain technology has its vast application to enhance the security, traceability and transparency in different industries.

Authors

Sonali Shankar, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, India.

Man Mohan Singh, Jindal Steel and Power M.B.A. (2022-2024),Jindal Global Business School, O.P. Jindal Global University, Sonipat, India.

Summary

Blockchain technology is one of the building blocks of smart technologies that are finding their way in different industries across the globe. The different applications of blockchain technology in telecommunication, finance, food safety and security, medical, and maritime, is briefly discussed in ordEr to envisage the potential of this technology to reshape the industries.

This facilitates the researchers to develop the initial idea of the application of blockchain in their area of interest. DEMATEL technique is used to model the blockchain artifacts for each industry. It is concluded that blockchain technology has its vast application to enhance the security, traceability and transparency in different industries.

Published in: 2024 11th International Conference on Signal Processing and Integrated Networks (SPIN)

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