REVIEWING THE LATEST TRENDS OF IMPLEMENTING BLOCKCHAIN TECHNOLOGY SOLUTIONS IN SEVERAL BUSINESS-RELATED INDUSTRIES

Sejfuli-Ramadani, Nexhibe (2021) REVIEWING THE LATEST TRENDS OF IMPLEMENTING BLOCKCHAIN TECHNOLOGY SOLUTIONS IN SEVERAL BUSINESS-RELATED INDUSTRIES. Journal of Natural Sciences and Mathematics of UT, 6 (11-12). pp. 60-69. ISSN 2671-3039

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Abstract

The current Blockchain notion was first introduced in 2008, along presentation of the first cryptocurrency value, Bitcoin. When blockchain appeared in the very beginning, the focus of the companies implementing the technology was the payment processing. Later, with the extension of the scope of blockchain, new companies from a variety of industries and backgrounds started to emerge in the industry rather than just finance. The idea of decentralized solutions, in order to improve services, seems to have fascinated companies that decided to implement this new technology. This paper will try to elaborate the notion of Blockchain, its way of work, the benefits and disadvantages, but mainly, the focus will be on how blockchain solutions can improve current existing centralized solutions in the finance, government and other industries. We will try to elaborate different blockchain based companies and startups, their scope of action, investments, profit and so on. Blockchain is a very promising technology in many industries, but it is relatively a new one, in its early stages of development and implementation, so there are a lot of obstacles that this technology must overcome in order to operate with its full capacity.

Item Type:	Article
Subjects:	Q Science > Q Science (General)
Divisions:	Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	01 Sep 2021 08:50
Last Modified:	01 Sep 2021 08:50
URI:	http://eprints.unite.edu.mk/id/eprint/720

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