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Blockchain Implementation In Business

Author

Listed:
  • Zdzislaw POLKOWSKI

    () (Jan Wyzykowski University, Polkowice, Poland)

  • Malgorzata NYCZ

    () (Wroclaw University of Economics, Wroclaw, Poland)

  • Samarjeet BORAH

    () (Sikkim Manipal Institute of Technology, India)

Abstract

The paper concerns the problem of the emulgamation of blockchain technology with business. Blockchain seems to be the one of the most recent technological innovations. This technology can be used in industry, the public sector, health care, education and business. The potential of this technology is not yet fully examined. Initially, blochchain was mainly used for cryptocurrencies, but this is only a part of the possible applications. Large possibilities of practical use result, among others, from the fact that making any change in historical records is impossible. There is no central server that could be vulnerable to cyber attacks. This technology allows to execute immediate financial transactions without intermediaries. This article consists of an introduction after which the definitions of blockchain have been presented. The most important part of the paper presents the results of analysis related to blockchain implementation in business. In addition, the work includes assumptions regarding further development of this technology with particular emphasis on business. This article has been elaborated within the DIMBI project (“Developing the Innovative Methodology of Teaching Business Informatics”, performed within the Erasmus+ program KA2 – Cooperation for innovation and the exchange of good practices; project number: 2015-1-PL01-KA203-0016636).

Suggested Citation

  • Zdzislaw POLKOWSKI & Malgorzata NYCZ & Samarjeet BORAH, 2018. "Blockchain Implementation In Business," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(3), pages 187-196.
  • Handle: RePEc:pts:journl:y:2018:i:3:p:187-196
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    More about this item

    Keywords

    Blockchain; SMEs; Implementation; Business; Innovation.;

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • A10 - General Economics and Teaching - - General Economics - - - General
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

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