Track N° 2: Blockchain Technology: Latest Developments, Applications and Challenges

Blockchain technology is the Distributed Ledger Technology (DLT) where transactions are recorded in an immutable manner. Some of the prominent characteristics of the blockchain technology, namely immutability, crypto assets, self-sovereign identity, distributed ledger, avoiding double spending problem, smart contracts (self-executing code), trust protocol, there no centralized authority, value (altcoin) transfer, anonymity. All transactions in a Blockchain are recorded in public or private ledgers that are accessible to the system’s users. Smart contracts, product traceability, enforcement tracking, stock control, transaction and settlement, and immutability of data are all examples of applications built on the blockchain. These changes in market, economic, and environmental performance have resulted in increased partnership expansion. Hence, given the widespread use of blockchain platforms and smart contracts across multiple industries, it is vital to understand the current state of technology and the areas where this technology is enabling innovation. There is substantial evidence in literature that there is concentration on few specific subjects, such as security or the application of blockchain technology. With so many stakeholders in today’s service and industrial applications, it is critical to digitize and strengthen the system utilizing blockchain technology. With the existing traceability framework in place, data manipulation is a danger. Implementing blockchain technology increases transaction transparency and security, safeguards corporate data confidentiality, and enables equitable resource sharing among all service and industry participants. Additionally, this increases overall system efficiency, allowing for higher corporate growth, increased throughput, and increased platform confidence. Blockchain and DLT applications enable end-to-end visibility of data throughout the production system. To ensure the trustability of this system, data must originate from a reputable and verified “source.” Mobile devices, smart sensors on storage facilities or in transit, intelligent packaging, surveillance equipment, and detectors capable of determining the composition of different products in a non-destructive manner are all components of the production system.

We particularly welcome submissions on the following topics (but not limited to):