Blockchain technology starts to reconfigure all aspects of society to make it clear and beneficial for the legal system. The chapter introduces “The Blockchain Revolution” in categories 1.0, 2.0, and 3.0; in the form of analyzing the use of the technology that is being applied in new innovative business models, Blockchain 1.0 starts with the creation of the first blockchain and the introduction of the technology in the “Bitcoin Whitepaper,” the crypto-currency model, via Bitcoin's application in services related to cash, payments, and transfers. Blockchain 2.0 starts with the indication that using smart contracts on blockchains will be available via the development of syntax (i.e., “solidity” that would enable developers to create solutions with blockchain technology at the backend). The chapter explores the feature of the new disruptive business models-based blockchain technology as a new approach in delivering business products and services. In the chapter, the authors explore the new technologies raised in different fields of business.
|Title of host publication||Architectures and Frameworks for Developing and Applying Blockchain Technology|
|Number of pages||24|
|Publication status||Published - 2019|
|Name||Advances in systems analysis, software engineering, and high performance computing book series|
Kandil, T. T., Nassar, S., & Taysir, M. (2019). Blockchain Technology: A Review of the Contemporary Disruptive Business Applications. In Architectures and Frameworks for Developing and Applying Blockchain Technology (Advances in systems analysis, software engineering, and high performance computing book series). IGI Global. https://doi.org/10.4018/978-1-5225-9257-0.ch005