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Published in:
2022 | OriginalPaper | Chapter
8. Blockchain Enterprise: Use Cases on Multiple Industries
Authors : T. Narayanaswamy, P. Karthika, Kandappan Balasubramanian
Published in: Convergence of Internet of Things and Blockchain Technologies
Publisher: Springer International Publishing
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Abstract
The chapter is aimed at explaining the application/use cases of blockchain to bring about transparency, transparency, timeliness, and cost-effectiveness in selected sectors of Indian economy and some areas with respect to a few other countries. The blockchain being a new age technology has attracted many parties/stakeholders to take up initiatives in developing a suitable and a sustainable ecosystem for using it to gain maximum benefits in various application areas/sectors/industries. Blockchain-based technological solutions are being used by banks, currency exchanges, and insurance players and in further applications in other areas such as agriculture, supply chain management, and land record maintenance. Many of these are still being explored in India. This chapter discusses use cases of blockchain enterprise in various sectors like financial services, agriculture, insurance, supply chain management, banking and financial services, and fertilizer subsidy distribution. The issues relating to different sectors are explained first, and then, the process of connecting the existing system/process/technology with block chain to improve efficiency and effectiveness is delineated in detail.