SMTA International Conference Proceedings

Blockchain and Its Application in the High Tech Industry

Author: Quentin B Samelson
Company: IBM Corporation
Date Published: 10/14/2018   Conference: SMTA International

Abstract: This paper will help participants understand the basics of blockchain technology and how it can be used to improve multi-party processes in the real world. More importantly, it will discuss the potential that blockchain has in the high tech industry. Aside from driving demand for high-end computing equipment (to help bitcoin ‘miners’), blockchain is likely to both assist engineers and project teams design and launch new products and manage production, as well as improve the security of over-the-air update, monitoring and control of electronic products, and open up new applications for Internet of Things (IoT) devices. The key to under-standing blockchain is that it can solve real-world process issues between multiple parties.

Key Words: 

blockchain, IoT, Internet of Things, process

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