Blockchain and the Application of Blockchain Technology

Abstract

Thanks to cryptocurrencies, blockchain technology has recently become the focus of interest of both scientists and the public. The paper presents the principles on which blockchain is based and analyzes the possibilities of the application of blockchain technology in more detail. In a part of the analysis, some of the most common cryptocurrencies were considered, such as Bitcoin, Ethereum, USD Coin, Ripple, and ADA. Blockchains' applicability in supply chains, finance, real estate, health care, voting, and smart cities the authors discussed in the chapter about the application of blockchain technology. A separate chapter discusses the limitations of blockchain technology. Based on the analysis, at the end of the paper, the authors conclude that blockchain technology has great potential in automating and optimizing business processes and protecting the information and privacy of users. Given the demonstrated interest of companies in blockchain technology, investments, and demand for staff who understand it and can create applications, the authors concluded that the time of blockchain is yet to come.

A Review of Blockchain Application in Logistics and Last-Mile Delivery

“…At the same time, it provides operational efficiency and the possibility of income. (Čekerevac & Bogavac, 2022) The cited examples of successful application of blockchain technology in logistics proven savings show that the application of blockchain technology can contribute to improving the quality of logistics services.…”

“…How blockchains work and how SMEs can create and use them are shown in . In (Cekerevac & Cekerevac, 2023) (Cekerevac, Prigoda, & Cekerevac, 2022, May 25), and in (Cekerevac, Prigoda, & Maletic, 2018), the authors discussed different blockchain applications. There is considered synergy between blockchains and the Internet of Things.…”

Effect of Beauty Industry’s Blockchain Technology Characteristics on Acceptance Intention Based on Technology Acceptance Model

“…또한 블록체인 기반 뷰티 플랫 폼 뷰켓은 미용관련 정보, 관심도, 구매이력 및 참가자 정보 등 의 공유가 가능하고 암호화폐 결제도 가능하다 (Kim, 2022). 이 처럼 블록체인은 그 고유의 기술적 특성에 의해 미용업을 포함 한 여러 분야에 적용되고 있으나 많은 이들이 최신 기술인 블 록체인에 대해 들어본 적은 있지만 정확히 블록체인이 무엇인 지와 어떻게 작용하는지 잘 모른다 (Cekerevac & Cekerevac, 2022).…”

BLOCKCHAIN TECHNOLOGY AND APPLICATION – SMEs ASPECT

“…Thanks to cryptocurrencies, blockchain technology has recently become the focus of interest of both scientists and the public. (Cekerevac & Cekerevac, 2022) Although many authors have published their articles about blockchains in the last 30 years, most of the public, even scientists, are not familiar with blockchains. That would not be significant if the founders and directors of SMEs were not in that group.…”