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Industry Use Cases on Blockchain Technology

  • Digital transformation strengthens the interconnection of companies in order to develop optimized and better customized, cross-company business models. These models require secure, reliable, and traceable evidence and monitoring of contractually agreed information to gain trust between stakeholders. Blockchain technology using smart contracts allows the industry to establish trust and automateDigital transformation strengthens the interconnection of companies in order to develop optimized and better customized, cross-company business models. These models require secure, reliable, and traceable evidence and monitoring of contractually agreed information to gain trust between stakeholders. Blockchain technology using smart contracts allows the industry to establish trust and automate cross-company business processes without the risk of losing data control. A typical cross-company industry use case is equipment maintenance. Machine manufacturers and service providers offer maintenance for their machines and tools in order to achieve high availability at low costs. The aim of this chapter is to demonstrate how maintenance use cases are attempted by utilizing hyperledger fabric for building a chain of trust by hardened evidence logging of the maintenance process to achieve legal certainty. Contracts are digitized into smart contracts automating business that increase the security and mitigate the error-proneness of the business processes.show moreshow less

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Metadaten
Document Type:Part of a Book
Zitierlink: https://opus.hs-offenburg.de/6628
Bibliografische Angaben
Title (English):Industry Use Cases on Blockchain Technology
Author:Daniel Schönle, Kevin Wallis, Jan Stodt, Christoph Reich, Dominik WelteStaff MemberORCiD, Axel SikoraStaff MemberORCiDGND
Year of Publication:2021
Place of publication:Hershey, PA
Publisher:IGI Global
First Page:248
Last Page:276
Parent Title (English):Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector
Editor:Zaigham Mahmood
ISBN:9781799866503 (Hardcover)
ISBN:9781799866510 (Softcover)
ISBN:9781799866527 (EISBN)
DOI:https://doi.org/10.4018/978-1-7998-6650-3.ch011
URL:https://www.igi-global.com/gateway/chapter/273818
Language:English
Inhaltliche Informationen
Institutes:Fakultät Elektrotechnik, Medizintechnik und Informatik (EMI) (ab 04/2019)
Institutes:Bibliografie
Tag:Blockchain; Industry Use cases
Formale Angaben
Relevance:Buchbeitrag
Open Access: Closed 
Licence (German):License LogoUrheberrechtlich geschützt