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Blockchain Case Studies
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Technology is constantly changing, and new technologies are regularly being introduced. Business has been revolutionized by various technologies over the past few decades-namely, data science/artifical intelligence (AI) and blockchain. New technologies bring many opportunities with them, but they can also pose challenges for businesses, such as creating new and updated business models and finding the best adoption and digital transformation strategies. This books offers a guide to data science/AI and blockchain, two of the most relevant and important technologies for businesses today. Various topics are covered, including data science processes, AI-based businesses, and types of blockchain. Simple, straighforward descriptions of the technologies are provided along with more thorough explanations on how to effectively use them. By utilizing data science/AI and blockchain, businesses can stay competitive and be a catalyst for positive change. Chapter 6 explores how blockchain can be applied to and improve several industries, such as finance, cybersecurity, shipping, and the metaverse. All capital market participants will benefit from blockchain, including issuers, fund managers, investors, and regulators. Blockchain can improve supply chains as well, especially with development sourcing, production logistics, information systems management, and coordination. The likelihood of fraud regarding the authenticity of legal documents could be eliminated with blockchain; the shipping industry could increase efficiency while decreasing costs; cybersecurity could be enhanced; and file sharing could become decentralized. Blockchain could also assist in building the metaverse through providing proof of ownership, offering safe value transfer, and ensuring fair and transparent governance. Case examples are given throughout the chapter.