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Blockchain and IoT Integration for Financial Sector Revolution
The Industrial Internet of Things (IoT) is transforming the globe. Industrial Internet of Things (IIoT) speaks about the use of Internet of Things (IoT) concepts and technology in industrial environments. The financial industry has long traded in the things that areintangible, from once-tangible but now-less-tangible items like stock certificates and even money itself. The Internet of Things (IoT) and blockchain technologythat offer and storedata aboutthings mighthave direct influence on how financial services institutions operate their businesses. The Financial Industry is adopting IoT for fast and effective transactions. The invention of disruptive technology like blockchain, which is a decentralized, unchangeable ledger makes tracking assets and record transactions easier. Decentralized Finance (DeFi) is based on the peer-to-peer idea that eliminates intermediaries from the system. It is possible to establish smart contracts, which will do away with the need for any middlemen. Due to the IoTs broad application and dispersed nature, security and privacy are the primary concerns in the financial sector. Blockchain is essential for IoT applications where data security and privacy are top priorities. Blockchain can secure data and keep the transactions private. IoT enhances business opportunities and offers firms a competitive edge in both established and developing industries. It has an impact on every aspect of technology, including the methods used to gather data and the locations, timings, and purposes for doing so. Since this data must be safeguarded, we need a standard blockchain-oriented architecture for IoT applications. The data generated by the financial industry is crucial because it establishes future market trends and preserves data on consumer and investor investments. Financial data is vulnerable to assaults and needs to be protected. This paper explores the need for regulations and policy in this area and attempts to understand how blockchain technology can be used to overcome barriers to IoT adoption in the financial sector. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025. -
Blockchain and Its Integration in IoT
IoT devices have become an integral part of our lives. The world has witnessed an exponential growth in the number of IoT devices. Managing these devices and the data generated by them has become very crucial. Data security and users privacy are becoming more difficult as the number of devices grows. Blockchain, the technology behind Bitcoin, is known for data security and managing and efficiently maintaining huge amounts of data. Blockchain stores data in a chronological manner and in an immutable way. Integration of blockchain in IoT infrastructure has many advantages. This paper discusses various applications and challenges in blockchain. It highlights the adoption of blockchain in IoT infrastructure and reviews recent papers in this field. 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. -
Blockchain and the Evolving Internal Audit Function
Blockchain Technology indicates a transformative era for internal audit practices in the evolving digital finance and operations landscape. This research explores the internal audit function in a Blockchain-driven world, emphasizing the changing perspectives and methodologies necessitated by this disruptive technology. With its foundational principles of transparency, immutability, and decentralization, Blockchain presents challenges and opportunities for internal auditors. The paper delves into how Blockchain is poised to redefine traditional audit practices, moving towards more real-time and continuous auditing techniques. It examines the implications of Blockchain for risk assessment, fraud detection, and compliance, highlighting the shift towards proactive rather than reactive audit strategies. Furthermore, the research examines Blockchains opportunities and challenges to the internal audit function. This study provides insights into integrating Blockchain Technology in internal auditing through a comprehensive secondary data analysis. It proposes a roadmap for auditors to adapt and thrive in this new era. The findings underscore the importance of embracing technological advancements, advocating for a dynamic approach to audit practices that aligns with the complexities of a blockchain-driven world. The Author(s), under exclusive license to Springer Nature Switzerland AG 2025. -
Blockchain application on healthcare services in metaverse
The convergence of blockchain technology and the metaverse is ushering in a transformative era for healthcare services. From telemedicine to health records management, the authors delve into the innovative applications and the potential benefits for patients and providers in this blockchain-powered metaverse of health. Blockchain technology can establish trust in virtual healthcare encounters. They examine the secure sharing of health data, verifiable credentials, and decentralized patient control. Virtual clinics in the metaverse can provide patients with a realistic setting for medical consultations. Counterfeit medications endanger patient safety significantly. There are certain challenges such as privacy and security, scalability, digital divide, user acceptance etc. This study explores how blockchain ensures data security, patient privacy, and interoperability within virtual healthcare settings. Healthcare in the metaverse represents a futuristic and innovative approach to delivering and managing healthcare services within immersive digital environments. 2024, IGI Global. -
Blockchain application with specific reference to smart contracts in the insurance sector
The term blockchain was coined in 2008 by Satoshi Nakamoto. Initially, it was used for carrying out decentralised transactions to solve the problem of fake transactions. In the past few years, this was explored extensively for cryptocurrency only, but, over some time, its potential has been explored in many areas. The major reason for the growing interest in this particular technology is that it provides a secure, reliable, and trusted platform to perform digital activities. This is executed without the involvement of any third party. Once the data is entered into the nodes, it is impossible to tamper it. Though blockchain is costly, it provides better solutions to many research problems in real time. In recent times, researchers have explored blockchain in deep and used it in many applications such as building smart contracts, supply chain management, digital identity providers, voting systems, banking, and finance applications, P2P learning, and insurance sectors. Through this chapter, the readers will get a systematic and detailed study of blockchain in the insurance sector and smart contracts and its current applications in the insurance sector. This chapter will also provide a fair idea of blockchain technology in the insurance sector and additionally its usage in specific applications. In the end, a relevant set of further reading references will be provided. 2023 River Publishers. All rights reserved. -
Blockchain based emanative unassailable system: Use cases and repercussions
Block chain is one of the developing technologies which has advanced possibility for forthcoming claims. Block chain process is formulated based on blockchain thinking and formulating thinking. In block chain provides the flexibility to non-trusting members interacting in a genuine manner in a distributed network. Different use cases such as academic credentials, professional profile verification, KYC and record management are explained. The feature of block chain with respect to unassailable system is concluded with some of the major advantages and disadvantages of block chain. BEIESP. -
Blockchain based emanative unassailable system: Use cases and repercussions /
International Journal of Recent Technology And Engineering, Vol.7, Issue 6S5, pp.540-543, ISSN No: 2277-3878. -
Blockchain Computing: Unveiling the Benefits, Overcoming Difficulties, and Exploring Applications in Decentralized Ledger Infrastructure
The protocol known as blockchain, which is composed of blocks, utilizes a decentralized distributed system of nodes (miners). There are three parts to every block: information, which is represented by a hash, and the hash of a previous transaction. In order to regulate data after it has been stored, it is quite difficult to make changes. Mining is compensated for each encrypted function computation they carry out to verify the transaction. This research paper will provide a comprehensive understanding of blockchain-based technologies and how they are applied in a variety of industries, including those that deal with digital currencies, financial services, medical manufacturing, privacy, and a number of other fields. Digital money, notably the cryptocurrency Bitcoin, had previously been one of the most well-known network applications. As there have lately been several studies about the unique utilization of this sort of technology, we will discuss some of these academic works as well as the challenges encountered during the development of these kinds of applications. Blockchain technology is a quickly growing area of database technology that has recently found use in a wide range of industries, including the use of digital money, hospital administration, and other academic subjects. Because of how blockchain technology works and operates, these types of applications are now possible. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024. -
Blockchain Empowered IVF: Revolutionizing Efficiency and Trust Through Smart Contracts
Couples who are having trouble becoming pregnant now have hope thanks to in vitro fertilization (IVF), a revolutionary medical advancement. However, the IVF procedure calls for a large number of stakeholders, intricate paperwork, and highly confidential management of information that frequently results in inaccuracies, mistakes, and worries about data confidentiality and confidence. In this study, the revolutionary potential of the blockchain and smart contracts enabling the treatment of IVF is investigated. The IVF procedure may be accelerated by utilizing smart contracts, resulting in improved effectiveness, openness, and confidence among everybody involved. The paper explores the primary advantages of using smart agreements in IVF, including automation, implementing obligations under contracts, doing away with middlemen, assuring confidentiality and anonymity, and enabling safe and auditable operations. The implementation of electronic agreements and blockchain-based technologies in the discipline of IVF is also investigated, along with the problems it may face and possible alternatives. This study offers insightful information about the use of intelligent agreements and blockchain technology in the field of IVF, accompanied by conducting an in-depth evaluation of the literature on the topic, research papers, and interviews with professionals. The results demonstrate the possibility of lower prices, more accessibility, higher success rates, and better patient experiences in the IVF field. In general, this study intends to illuminate how blockchain and smart contracts have revolutionized IVF technological advances, opening the door for a more effective, transparent, and reliable IVF procedure. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024. -
Blockchain enabled energy efficient red deer algorithm based clustering protocol for pervasive wireless sensor networks
Energy efficiency and security are considered as important issues in the design of pervasive wireless networks. Since the nodes in pervasive wireless networks are battery-operated, it becomes essential to develop an energy-efficient method to minimize energy consumption and prolong the network lifetime. This paper presents new energy-efficient and secure clustering based data transmission in pervasive wireless networks using red deer algorithm (RDA) based clustering technique with blockchain enabled secured data transmission, named as RDAC-BC. The proposed RDAC-BC technique undergoes node initialization and performs the clustering process using the RDAC technique. The clustering technique performs cluster head (CH) selection and cluster construction process is carried out. Once the CHs are chosen, blockchain enabled secure data transmission takes place among cluster members (CMs) as well as CHs. The application of RDAC and blockchain technology helps to achieve energy efficiency and security. The experimental validation of the RDAC-BC technique is assessed under several aspects and the results are compared with existing methods. The obtained results ensured that the RDAC-BC technique has shown superior results interms of energy, network lifetime, packet delivery ratio (PDR), and throughput. 2020 Elsevier Inc. -
Blockchain Enabled Model for Minimizing Post Harvest Losses
Post-harvest loss (PHL) leads to both decline in quantity and quality of food processing output from harvest to consumption. They can be caused by a wide range of circumstances, from growth conditions to retail handling. As storage loss is considered one among the detrimental factors, in this study, 25 data units were collected from a cold storage facility to analyze and focus specifically on post-harvest losses of vegetables. Various data analysis was carried out using SPSS tool. It was found that majority of losses were due to pest infection, weight losses due to climatic conditions, and transportation losses. On the other hand, block chain being a trend setter in the recent technology evolution which is providing fruitful outcomes in all the integrated fields, we have chosen the same for obtaining a better solution for the afore mentioned problem. Integrating blockchain technology into the structure can significantly reduce storage losses and support producer-consumer lines. The Electrochemical Society -
Blockchain for customer transparency in e-commerce a survival of fittest not fastest
Blockchain has been envisioned as the most disruptive technology in the landscape of ecommerce. There has been an array of challenges for e-commerce retailers to handle like transparency, immutability, reliability and disintermediation. The paper is an attempt to understand consumer acceptance towards new technology where the primary focus would be transparency and plans for human salvation by combating the environment and ethical challenges. The study emphasises the prospective use of blockchain technology in ecommerce industry which has been coupled with the vagueness of these issues. Unified theory of acceptance and use of technology (UTAUT) has been used as the base model to understand the consumer behaviour towards using blockchain technology as a new platform with special reference to fashion apparel sector. Providing traceability of product with an objective of consumer transparency in this mould will change the way of doing online shopping and will have more onus on retailers. Copyright 2023 Inderscience Enterprises Ltd. -
Blockchain for Enhancing Security and Privacy in the Smart Healthcare
The rapid digitalization of healthcare systems and the growing integration of smart technologies have made robust security and patient privacy protection critical concerns. Traditional healthcare systems struggle with maintaining the confidentiality, integrity, and accessibility of sensitive patient data. This section explores how blockchain technology can serve as a transformative solution to address these challenges and elevate security and privacy standards in smart healthcare environments. Blockchain, a decentralized and tamper-resistant distributed ledger technology, offers a novel approach to secure data sharing and storage. In the realm of smart healthcare, blockchain can establish a transparent and immutable record of patient information, medical history, and treatment plans, ensuring data integrity by thwarting unauthorized modifications and tampering. The cryptographic features inherent in blockchain provide a strong basis for safeguarding patient privacy. Smart contracts, which are programmable and self-executing scripts on the blockchain, enable precise access control, permitting only authorized entities to access specific patient data. Additionally, the utilization of decentralized identifiers (DIDs) and verifiable credentials enhances patient identity management, mitigating the risks of identity theft and unauthorized access. This section also delves into case studies and ongoing initiatives leveraging blockchain in smart healthcare applications. From electronic health records (EHRs) and interoperability to medical supply chain management, the adoption of blockchain technology showcases promising outcomes in enhancing security, transparency, and privacy. Various challenges and potential drawbacks of implementing blockchain in healthcare are also explored in this section. In conclusion, the integration of blockchain technology in smart healthcare holds significant potential for transforming data security and privacy practices. As the healthcare sector embraces digital evolution, understanding the implications and advantages of blockchain becomes crucial for constructing resilient and patient-centric healthcare ecosystems. 2024 Scrivener Publishing LLC. -
Blockchain for IoT
Blockchain for IoT provides the basic concepts of Blockchain technology and its applications to varied domains catering to socio-technical fields. It also introduces intelligent Blockchain platforms by way of infusing elements of computational intelligence into Blockchain technology. With the help of an interdisciplinary approach, it includes insights into real-life IoT applications to enable the readers to assimilate the concepts with ease. This book provides a balanced approach between theoretical understanding and practical applications. Features: A self-contained approach to integrating the principles of Blockchain with elements of computational intelligence. A rich and novel foundation of Blockchain technology with reference to the internet of things conjoined with the tenets of artificial intelligence in yielding intelligent Blockchain platforms. Elucidates essential background, concepts, definitions, and theories thereby putting forward a complete treatment on the subject. Information presented in an accessible way for research students of computer science and information technology, as well as software professionals who can inherit the much-needed developmental ideas to boost up their computing knowledge on distributed platforms. This book is aimed primarily at undergraduates, postgraduates, and researchers studying Blockchain. 2023 selection and editorial matter, Debarka Mukhopadhyay, Siddhartha Bhattacharyya, Balachandran Krishnan and Sudipta Roy. All rights reserved. -
Blockchain for Securing Healthcare Data Using Squirrel Search Optimization Algorithm
The Healthcare system is an organization that consists of important requirements corresponding to security and privacy, for example, protecting patients medical information from unauthorized access, communication with transport like ambulance and smart e-health monitoring. Due to lack of expert design of security protocols, the healthcare system is facing many security threats such as authenticity, data sharing, the conveying of medical data. In such situa-tion, block chain protocol is used. In this manuscript, Efficient Block chain Network for securing Healthcare data using Multi-Objective Squirrel Search Optimization Algorithm (MOSSA) is proposed to generate smart and secure Healthcare system. In this the block chain is a decentralized and the distributed ledger device that consists of various blocks linked with digital signature schemes, consensus mechanisms and chain of hashing, offers highly reliable storage capabilities. Further the block chain parameters, such as block size, transac-tion size and number of block chain channels are optimized with the help of MOSSA. With the evolution of the MOSSA provide new features for enhancing security and scalability. The simulation process is executed in the JAVA platform. The experimental result of the proposed method shows higher throughput of 26.87%, higher efficiency of 34.67%, lowest delay of 22.97%, lesser computational overhead of 37.03%, higher storage cost of 34.29% when compared to the existing method such as Block chain-ECIES-HSO, Block chain-hybrid GO-FFO, Block chain-SDN-HSO algorithm for healthcare technologies. 2022, Tech Science Press. All rights reserved. -
Blockchain Integrated Pharmaceutical Cold Chain: An Adoption Perspective
A complex and sensitive chain needs to be appropriately maintained to manage public health and people's lives. This is especially true of the cold pharmaceutical chain. The primary objective of this study is to explain how blockchain adaption might meet a pharmaceutical cold chain's requirements. A comprehensive technological adoption model, partial least square structural equation modeling, and a quantitative cross-sectional survey approach were utilized to identify stakeholder adoption intentions toward a blockchain-enabled cold supply chain. This study provides evidence that blockchain technology has the potential to support the objectives of the cold pharmaceutical chain. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024. -
Blockchain Integrated Retail Logistics Chain: An Adoption Perspective
The task of managing public health and safety is a multifaceted and delicate one that demands the careful upkeep of numerous processes and systems, with a particular emphasis on cold chain logistics. The primary objective of this research is to investigate how blockchain technology can meet the needs of a retail cold chain. To accomplish this goal, we employed a comprehensive technological adoption model, partial least squares structural equation modeling, and a quantitative cross-sectional survey approach to ascertain stakeholder adoption intentions toward a blockchain-enabled cold supply chain. Our findings suggest that blockchain technology has the capacity to effectively facilitate the goals of the retail cold chain. 2024 IEEE. -
Blockchain Scalability: Solutions, Challenges and Future Possibilities
In recent years, blockchain has received a lot of interest and has also been widely adopted. Yet, blockchain scalability is proving to be a difficult problem. To create a new node in platforms like Bitcoin takes few days of time. This scalability problem has few proposed solutions. The present alternatives to blockchain scalability are divided into two groups in this paper: first layer and second layer techniques. Second layer solutions suggest procedures that are deployed outside of the blockchain, while first layer methods propose adjustments to the blockchain (i.e., altering the blockchain design, such as block size). We concentrate on sharding as a viable first-layer solution to the scalability problem. The thought behind sharding is to split the blockchain network into numerous groups, each processing a different set of transactions. Furthermore, we compare few of the already available sharding-based blockchain solutions and present a performance-based comparative analysis in form of the benefits and drawbacks of the existing solutions. 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. -
Blockchain security for artificial intelligence-based clinical decision support tool
For a healthcare organization, it is very difficult to satisfy the growing challenges and cost and provide good quality care. But nowadays clinical decision support system becomes an essential tool for a healthcare organization to help healthcare experts enhance the treatment process and advance healthcare services. Clinical decision support system supports collaborative treatment to enhance medical services. In a collaborative treatment service, the patient's health records are shared by different healthcare experts. All the patient health data are maintained by an electronic health records system. Electronic health records have very sensitive and patient's private information so sharing electronic health records is a very challenging task. Some downsides of collaborative treatment are privacy and lack of confidence among contributors like a patient, doctors, radiologist, hospitals, and insurance organization. Blockchain which is known as distributed ledger technology and has a secured architecture framework can be used to enhance the healthcare organization. Blockchain with artificial intelligence has a great potential in helping healthcare traders tackle major healthcare issues and challenges. In this chapter, we discussed how artificial intelligence and blockchain as a powerful pair can transform the healthcare sector. We also discussed the model, challenges, and application in clinical decision support tools. The Author(s), under exclusive license to Springer Nature Switzerland AG 2021. All rights reserved. -
Blockchain technology as a panacea in tourism industry
The purpose of this study is to investigate how a customer's travel experience in the tourist sector affects customer satisfaction based on service value through the implementation of Blockchain Technology. 250 questionnaires were administered to tourists, tour operators, travel agents, hoteliers, and transportation companies using the Cluster Sampling method to obtain a sample size of 238. Blockchain technology, Customer Satisfaction, and Service Value are the critical variables observed to validate the hypothesis using Correlation, ANOVA & Regression Analysis. There is a strong correlation between the value of a service and blockchain technology. Secure payment is the most important component in developing and improving service value among customers and is the best predictor of service value. 2024 Srinesh Thakur, Anvita Electronics, 16-11-762, Vijetha Golden Empire, Hyderabad.