Titlebook: Applications of Blockchain Technology in Business; Challenges and Oppor Mohsen Attaran,Angappa Gunasekaran Book 2019 The Author(s), under e

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Benjamin von Walter,Dietmar Kremmelon and create smart contracts is leveraging the usefulness of technology on a world-changing scale. The new breed of programmable blockchain platforms, such as Ethereum, which provides decentralized computational power, is making the technology applicable to a wide range of cases and industries.

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978-3-030-27797-0The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

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Book 2019mies including smart cities, value-based healthcare, decentralized sharing economy, machine to machine transactions, data-sharing marketplace, etc. Chapter 14 offers a conceptual model, provides information and insights, and covers a step-by-step approach to plan and develop blockchain-based technology.

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Tea Lempi?l?,Sari Yli-Kanhalnornaer in the network locks in at the same time, creating a permanent, hard to alter digital record. Each blockchain system determines who can add new blocks to the chain, and how the procedure is done. (Lee Kuo Chuen 2015)

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Benjamin von Walter,Dietmar Kremmelnks removed from the equation, most customer transactions processed over a blockchain can be settled within a matter of seconds saving time and money for retailers. Finally, using smart contracts with blockchain could also mean instant payments, automated refunds, and more (Hodges 2017).