Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Application Analysis of Blockchain in Business

Authors
Yimiao Li1, 2, *
1Ferguson College of Agriculture, Oklahoma State University, International Students and Scholars Office, 309 Wes Watkins, Stillwater, OK, 74078, USA
2International College Beijing, China Agricultural University, 17 Qinghua East Road, Haidian Street, Beijing, 10086, China
*Corresponding author. Email: leslie.li@okstate.edu
Corresponding Author
Yimiao Li
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_226How to use a DOI?
Keywords
Blockchain; Supply chain; Remittance; Financial markets
Abstract

Blockchain has aroused widespread interest in many fields. As a distributed digital ledger, blockchain has transparency, traceability, and irreversibility in recording transaction information, and has been welcomed by many industries and investors. This paper aims to discuss two main applications of blockchain: in supply chain management and reducing transaction costs in the financial field. By analyzing relevant cases and data, this paper discusses the significant impact of blockchain technology in these two fields. Potential risks of adaptation are also considered. Blockchain can enhance the traceability and efficiency of supply chain management and avoid losses caused by fraud and transaction costs in the financial field. As blockchain has not been widely used, its technical cost and use standard setting deserve attention. Considering the risks of adoption, it is very important to set standards for the scope of participants and the type of blockchain to ensure security before applying blockchain to specific fields.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_226
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_226How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yimiao Li
PY  - 2022
DA  - 2022/12/31
TI  - Application Analysis of Blockchain in Business
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1522
EP  - 1527
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_226
DO  - 10.2991/978-94-6463-036-7_226
ID  - Li2022
ER  -