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Mangement of blockchain based digital assets in industry and services

Szewczyk Paweł

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

2021

z. 150

267--277

Purpose: The technology industry has become incredibly dynamic and complex, so by utilizing the information technology (IT) framework in the approach to new technology, businesses can avoid confusion around the application of new trends since IT operations can deliver business value. Design/methodology/approach: An overview of recent literature of some assets digitization concepts was applied. In particular the concept of digital twins was presented. Finally, applying the blockchain technology the security from hackers due to its encryption features may be provided. Findings: The improvement of digital twins through blockchain technology is set to transform industries such as manufacturing, healthcare and beyond and, companies can work towards building their future business strategies. Practical and social implications: The impact that digital twins can make is huge. Many are just now in development due to the complexity of their creation, but soon millions of things will have digital twins. And their usefulness and capabilities will continue to evolve. On the other hand blockchain technology has the potential to become the most relevant and capable way to generate and monitor digital twins due to the security and immutability of technology. Originality/value A jet engine, a human heart, even an entire city can all have a digital twin that mirrors the same physical and biological properties as the real thing enabling three critical drivers: continuous evaluation; faster, cheaper prototyping and innovating at the limits (ethics).

Application of blockchain technology in supply chain management

Szewczyk Paweł

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

2019

z. 136

591--600

The supply chain industry is a multi-party network of logistics, shipping, manufacturing and retail businesses coordinating with one another to take a product from manufacture all the way through the supply chain to the consumer or end user. Since distributed ledger technologies are generally immutable and tamper-resistant, they can help reduce the occurrence of fraud and increase transparency across every point in the supply chain. A further benefit that blockchain brings to the supply chain is increased data veracity and security. However, there are still many open questions regarding how to bridge events and assets living in the real world with blockchains. The goal of this paper, based on recently published literature, is a critical presentation of some theoretical and practical cases on the issue of how blockchain can function as a protocol that can offer a layer of interoperability across the supply chain industry.