Directions for using the Blockchain technology in the raw materials industry

【Author】 Lesniak, Tomasz; Kustra, Arkadiusz Jacek; Krolikowska, Elzbieta

【Source】GOSPODARKA SUROWCAMI MINERALNYMI-MINERAL RESOURCES MANAGEMENT

【影响因子】0.938

【Abstract】Modern technologies have been revolutionizing industries for years, providing competitive advantages to companies. As a technology based on decentralization, Blockchain becomes a tool to support and secure processes and transactions in industries such as mining and power engineering. It also supports supply chain processes, which are particularly important in today's mining business. The use of advanced cryptography methods results in increased cyber security in entities that implement such solutions. The use of Blockchain technology carries a strong message, both to competitors and customers, about intensifying work on authentication and process traceability. This publication focuses on defining the trust gap problem in the mining industry and on examples of the use of technology in data traceability processes. The mining industry is beginning to use technologies which had been previously available only in the theoretical realm. The ongoing development towards a smart industry entails a number of studies and expert assessments, aimed to integrate knowledge from the mining and IT areas. The combination of these research areas leads to an increase in the value of both the companies implementing modern technologies and traditional companies that implement such applications in their value chain. Based on the analyzed articles, two main areas of consideration in the context of the extractive industry were distinguished: systems that track and secure the flow of data in specific mining processes and systems that monitor and secure information on processes which the raw materials chain.

【Keywords】raw materials innovation; blockchain; modern technologies; mining

【发表时间】2021

【收录时间】2022-02-10

【文献类型】期刊

【主题类别】

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