Abstract:
Blockchain technology is most likely to change the next decade of business. It enables transfer of digital property from one Internet user to another in a secure way without any intermediaries. The consequences of this breakthrough technology have a vast potential in all areas of business. Information Technology (IT) provides ready to use, end-to-end solutions and allow small businesses to focus on their core business. Recent innovations in IT have positively impacted businesses. With the emergence of blockchain technology, the convergence of telecom and computing is finally reaching maturity in a unified platform for doing business in the 21st century. In this paper, we study the various ways in which blockchain technology can help small businesses and propose a framework that helps in choosing the appropriate blockchain application in the context of business process reengineering.
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