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Blockchain Sample
Blockchain Sample
1. INTRODUCTION
Modern ways of business are under effect of global trends. These trends are mostly based on
dynamical development of technologies, mostly ITC technologies, which develop rapidly in such
a speed that many newer technical – technology solutions get outdated in a short period of time.
It is impossible to avoid the fact that ITC technologies are a trigger for further development of
technology and obtained level of development of certain society [14]. Modern society which is
based on IT and which can be described as a society of a high level of creativity (opposite from
industrial society which represents a society with high level of mass consumption). The final
effect of informational society is reflected in technological connection of the entire society in
which boundaries between countries do not represent an obstacle for business anymore. It is
proven that each new technology can be such a force which can create creative destruction.
Within “new economy”, the greatest danger for companies are not other companies but lack in
application of new technological solutions [5].
No matter which term authors use for definining of ongoing phase of human society
development, there are several important features which define its frame: 1) information as
strategic resource for business, economy exists and develops on creation and distribution of
information, 2) globalization, technological unity of the entire society, 3) knowledge as a main
basis of the new society.
Within modern society, the knowledge is a strategic source of power and wealth. The main social
group are users of knowledge or persons which are capable to use knowledge in function of
realizing of business activity. It is society in which “responsibility for application of knowledge
and performance achieved through that” is used instead of “responsibility for performance of
people” [2].
Through its development, ITC introduce changes in all phases of life. Therefore, there are
changes in management of business quality of companies. According to the new concept, quality
of new business is oriented on planning, prevention and improvement which prevent causes of
lacks, cancellations and delays in all business processes of the organization. It is important to
strive to constant alignment and integrity of IT system and management of quality system. They
are mostly supported by informational technologies: financial processes, professional processes,
sales, realization, warehousing, procurement etc.
Until recently, improvement of transactions services was conducted always through additional
legislations for such area of work and increasing of powers of participants. Limitation of powers
of participants, at least partially was provided by state. Technology which would provide
liberalization of model of transactional business with ensuring of needed functional features such
as safety, speed, protection from misuses, would have the potential to change the model of
conduction of transactions from centralized to direct, so called peer-to-peer model (P2P, Peer to
peer) [7].
Blockchain technology actually introduced solution for mentioned problem. Although it is still
considered as a new technology, it involves significant changes in so far approach to realization
of transactions and business of companies. It makes them more approachable, process is
transparent and opened to public. The consequence of transfer to the Blockchain technology can
be fundamental change of many socio-economy flows and transition to decentralized form of
realization of transaction, which can significantly contribute to improvement of quality of
business of companies [13].