Electronic Voting—Cloud Storage—Smart and Collaborative Transportation—Blockchain and International Trading—Blockchain Business Models
Yogesh Sharma, Balamurugan Balusamy, Nidhi Sengar · 2021
New technology and innovation have always been the top priority in any business. Many organizations and industries were searching for new technologies that will improve not only the efficiency but also aid in the growth of the organization. Earlier industries have used artificial intelligence in their businesses, which does increase the efficiency and growth, but security and privacy are still needed in this growth. So, a business process, if carried out faster, more secure and with privacy preserved, will automatically result in the performance improvement of any business. The blockchain technology that came with the concept of cryptocurrency has progressed in the last decade. The technology is not just limited to cryptocurrency as many organizations and industries are moving on to blockchain technology because of the benefits of the security and privacy features provided by this technology. Organizations and industries are now working on business models based on the blockchain technology. These business models will definitely help in the growth of not only the industries but their respective country as well. Blockchain technology has allowed the solution to rapid increase in size and scale, and many solutions can be adapted to perform multiple tasks across industries. The blockchain technology allows many innovative ways that will boost economic growth and reduced the costs and time associated with many intermediaries.