Cryptocurrencies and Blockchain Applications

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Author(s): Xiao Wen Lu (Normandy University, France), Youssef Tliche (Normandy Business School, France), Mohammadali Vosooghidizaji (Normandy Business School, France) and Atour Taghipour (Normandy University, France)
Copyright: 2023
Pages: 13
Source title: Blockchain Applications in Cryptocurrency for Technological Evolution
Source Author(s)/Editor(s): Atour Taghipour (Normandy University, France)
DOI: 10.4018/978-1-6684-6247-8.ch001

Keywords: Business Science Reference / Computer Science & IT / Economics and Economic Theory / Web Technologies & Engineering

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Abstract

New technology and revolution in digital tools can be considered as the enablers to promote the performance of the global supply chain by integrating the actors. Among these technologies is the blockchain, first and foremost a technology for storing and transmitting information. This technology offers high standards of transparency and security in a decentralized environment. More concretely, the blockchain allows its users—connected in a network—to share data without an intermediary. The cryptocurrencies are new electronic currencies that use blockchain technology to transfer the ownership of cryptos between their different owners. The application of blockchains in cryptocurrency reduces the risk of sharing information and simplifies transaction processing thanks to the secured decentralized environment. The objective of this chapter is to provide a literature review that synthesizes the knowledge of using the blockchains in cryptocurrency. The results of the review can be used by academics and practitioners.

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