Blockchain Technology The Power House for Industry 4.0 Era

By: Series: . 6 ; 53Publication details: 2018-08-01Description: 7Subject(s): In: THE MANAGEMENT ACCOUNTANTSummary: "Advancements in digital technologies in industry 4.0 era have started bringin in quantum leaps in transformational impacts on systems and processes for value deliveries to business stakeholders. it has already shown potentials fore noremousminimisation of value destructions and surfeit of innoventive value creations. some of these technologies will cause shift to higher trajectory of quality and speed formultifaceted service deliveries by any government both at federal and country levels. Blockchain is one of the most welcomed technologies of this new era. Digital scientists are categorising it as a medium to high impact creating technology. But the present author's divination is that it has power of creating ground breaking trans formational impacts. It has immense potential to benefit people at the lower strata of society, more than what www has rendered in the immediate preceding era. This paper has been written in sequel to the present author's first paper on Blockchain which was published in February 2018 issue of this journal. Objectives are to demystify myths and perceptions about Blockchain, take a brief accout of its applications in solution building, humane dimensions, imperatives for digital scientists, and regulatory interventions that are necessary to achieve success in applications of this technology. The present author expects readers, if possible to read his earlier paper for the benefits of continuity."
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Article St. Francis Institute of Management and Research Available AR0752

"Advancements in digital technologies in industry 4.0 era have started bringin in quantum leaps in transformational impacts on systems and processes for value deliveries to business stakeholders. it has already shown potentials fore noremousminimisation of value destructions and surfeit of innoventive value creations. some of these technologies will cause shift to higher trajectory of quality and speed formultifaceted service deliveries by any government both at federal and country levels. Blockchain is one of the most welcomed technologies of this new era. Digital scientists are categorising it as a medium to high impact creating technology. But the present author's divination is that it has power of creating ground breaking trans formational impacts. It has immense potential to benefit people at the lower strata of society, more than what www has rendered in the immediate preceding era. This paper has been written in sequel to the present author's first paper on Blockchain which was published in February 2018 issue of this journal. Objectives are to demystify myths and perceptions about Blockchain, take a brief accout of its applications in solution building, humane dimensions, imperatives for digital scientists, and regulatory interventions that are necessary to achieve success in applications of this technology. The present author expects readers, if possible to read his earlier paper for the benefits of continuity."

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