IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-981-99-0699-4_16.html
   My bibliography  Save this book chapter

Blockchain Based Digital Economy and Industry 4.0

In: Blockchain Driven Supply Chain Management

Author

Listed:
  • Arzu Alvan

    (Cyprus Science University)

  • Şükrü Umarbeyli

    (Cyprus Science University)

Abstract

Using blockchain-based technologies for supply chain management, this study examines the digital economy and digital industry in terms of their interactions. The backbone of the digital economy is the internet (web 3), the hyperlink distributed between the internet of things and mobile devices. The digital economy can be examined in two ways: information economy and e-economy. In the foundations of the digital economy, there are elements such as the internet, electronic communication, digital automation, digital payments, social media and finally the metaverse. The digital economy is an economic activity resulting from billions of online connections between people, businesses, devices and processes. The digital economy also develops the digital finance structure. Blockchain is a candidate to be the backbone of the digitalization of production and economy, as it can provide a decentralized and reliable infrastructure at this point. Blockchain-based supply chain is rapidly being developed and spread on this platform. Although blockchain was first and effectively applied in the financial fields, the immutable nature of the ledger makes it difficult for identification, qualification, health records and insurance etc. It will come from today. It does not seem possible for sectors that cannot keep up with this rapidly changing process and are not prepared for it to exist in the future.

Suggested Citation

  • Arzu Alvan & Şükrü Umarbeyli, 2023. "Blockchain Based Digital Economy and Industry 4.0," Management for Professionals, in: Muhammad Shujaat Mubarik & Muhammad Shahbaz (ed.), Blockchain Driven Supply Chain Management, pages 267-281, Springer.
  • Handle: RePEc:spr:mgmchp:978-981-99-0699-4_16
    DOI: 10.1007/978-981-99-0699-4_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-981-99-0699-4_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.