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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 trace- able 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.

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Author:Daniel Schönle, Kevin Wallis, Jan StodtORCiDGND, Christoph ReichORCiDGND, Dominik Welte, Axel Sikora
Parent Title (English):Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector
Publisher:IGI Global
Place of publication:Hershey, PA
Document Type:Part of a Book
Year of Completion:2021
Release Date:2021/12/13
First Page:248
Last Page:276
Licence (German):License LogoUrheberrechtlich geschützt