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The Reality of Blockchain Technology for the Digital Business World

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Advances in Tourism, Technology and Systems (ICOTTS 2023)

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 383))

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Abstract

The emergence of blockchain technology was driven by the purpose of transforming the current world as we know it. Its fundamental principles of enhancing transparency, security, immutability, efficiency, and decentralization have brought numerous benefits to various fields, including digital business, which has led to improved sustainability and reduced transaction costs. The present article aims to investigate the relevance of this technology to the digital business sector, with the aid of a systematic literature review. One of the key advantages of blockchain technology lies in its ability to provide companies with digitalization aspirations of various benefits. For instance, it can ensure the security of business transactions and significantly reduce the number of stakeholders involved in such transactions, thereby leading to reduced associated costs.

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Acknowledgements

This work is financed by Portuguese national funds through FCT—Fundação para a Ciência e Tecnologia, under the project UIDB/05422/2020.

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Authors and Affiliations

  1. CEOS.PP, IPolytechnic of Porto, Porto, Portugal

    Ana Paula Camarinha & António Abreu

  2. CEOS.PP, SIIS—Social Innovation and Interactive Systems, Polytechnic of Porto, Porto, Portugal

    Ana Paula Camarinha

  3. Instituto Superior de Contabilidade e Administração do Porto, IPolytechnic of Porto, Porto, Portugal

    Adriana Braga

Authors
  1. Ana Paula Camarinha
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  2. António Abreu
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  3. Adriana Braga
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Corresponding author

Correspondence to Ana Paula Camarinha .

Editor information

Editors and Affiliations

  1. Institute of Accounting and Administration of Porto (ISCAP), Polytechnic of Porto, São Mamede de Infesta, Portugal

    António Abreu

  2. Institute of Accounting and Administration of Porto (ISCAP), Polytechnic of Porto, São Mamede de Infesta, Portugal

    João Vidal Carvalho

  3. School of Hospitality and Tourism, Polytechnic of Porto, Porto, Portugal

    Pedro Liberato

  4. Faculty of Tourism and Gastronomy, Universidad Anáhuac México, Huixquilucan Estado de México, Mexico, Mexico

    Hazael Cerón Monroy

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Camarinha, A.P., Abreu, A., Braga, A. (2024). The Reality of Blockchain Technology for the Digital Business World. In: Abreu, A., Carvalho, J.V., Liberato, P., Monroy, H.C. (eds) Advances in Tourism, Technology and Systems. ICOTTS 2023. Smart Innovation, Systems and Technologies, vol 383. Springer, Singapore. https://doi.org/10.1007/978-981-99-9765-7_8

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