Analysis of B2B Blockchain Apps Using Hyperledgers and Their Implications in This Digital Era

Abstract

In this digital era, at most 80-90% of business transactions are digitized using different mechanisms. In the case of businesses and financial institutions, such digitization poses both merits as well as challenges. Nowadays, the IT industries are focusing on providing a trustworthy solution, namely blockchain-based applications, to provide secured online transactions. This blockchain technology provides a comprehensive solution to B2B applications by providing support to process information across organizations in a highly secured manner. In blockchain, these kinds of secured online transactions are achieved using hyperledgers. In particular, the hyperledger is decentralized as it is replicated across the entire network for all the participants to collaborate in a secured manner. In this chapter, an analysis of the application of hyperledgers in B2B blockchain apps to and their implications in this digital era is provided.