Blockchain technology presents numerous advantages that include increased transparency, reduced transaction costs, faster transaction settlement, automation of information, increased traceability, improved customer experience, improved digital identity, better cyber security, and user-controlled networks. These potential applications are widespread and diverse including funds transfer, smart contracts, e-voting, efficient supply chain, and more in nearly every sector of society including finance, healthcare, law, trade, real estate, and other important areas.
However, there are challenges and limitations that exist such as high energy consumption, limited scalability, complexity, security, network size, lack of regulations, and other critical issues. Nevertheless, blockchain is an attractive technology and has much to offer to the modern-day industry. Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector investigates blockchain technology's adoption and effectiveness in multiple industries and for the internet of things (IoT)-based applications, presents use cases from industrial and financial sectors as well as from other transaction-based services, and fills a gap in this respect by extending the existing body of knowledge in the suggested field.
While highlighting topics such as cybersecurity, use cases, and models for blockchain implementation, this book is ideal for business managers, financial accountants, practitioners, researchers, academicians, and students interested in blockchain technology's role and implementation in IoT and the financial sector.
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Professor Zaigham Mahmood is a researcher and author. He has an M.Sc. in Mathematics, M.Sc. in Computer Science, and Ph.D. in Modelling of Phase Equilibria. Dr Mahmood is a Technology Consultant at Debesis Education UK, associate Lecturer at University of Northampton UK, Professor Extraordinaire at North West University in South Africa and Professor at Shijiazhuang Tiedao university Heibi china. He has also served as a Foreign Professor at NUST and IIUI Islamabad Pakistan. Professor Mahmood is author/editor of 30 books on topics including e-government, cloud computing, IoT, IoV, data science, smart cities, and software engineering. One of his text books has been translated in Chinese and Korean languages. He is also the author of more than 150 research papers. Additionally, Professor Mahmood is also Editor-in-Chief of Journal of E-Government Studies and Best Practices (IBIMA), and Editor in Chief of IGI book series on E-Government and Digital Divide.
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