Synergizing Blockchain and Collaborative Networks
Balusamy Nachiappan, N. Rajkumar, J. Jagannathan, Andrew Mohanraj, N. Karthikeyan, C. Viji · Advances in library and information science (ALIS) book series · 2024
The advent of blockchain technology offers revolutionary possibilities for various industries, including the library sector. This chapter delves into the application of blockchain in establishing collaborative library networks, with a particular focus on its advantages for knowledge sharing and resource pooling. Blockchain's decentralized, secure, and transparent ledger system provides an innovative solution to many challenges faced by libraries today. In collaborative library networks, blockchain can ensure the maintenance of a unified, tamper-proof catalog of resources. This decentralized cataloging system guarantees that all participating libraries have access to consistent and current information, reducing redundancy and discrepancies. Moreover, blockchain facilitates efficient tracking and management of interlibrary loans through smart contracts, which automate the processes of loan requests, approvals, and returns. Additionally, blockchain technology can significantly improve the management of intellectual property and digital rights within library networks.