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http://dx.doi.org/10.17703/JCCT.2019.5.3.55

The Role and Opportunity of Blockchain in the Fourth Industrial Revolution  

Moon, Seung Hyeog (Dept. of Mechanical and Metallic Mold Engineering, Gwangju Univ.)
Publication Information
The Journal of the Convergence on Culture Technology / v.5, no.3, 2019 , pp. 55-60 More about this Journal
Abstract
It is true that Blockchain has been known as a core technology for cryptocurrency like bitcoin (BTC). It is caused by its rapid value rises. Now, one BTC is trading around 10,000 US dollars while it bought just less than one dollar at its first trading in May, 2010. Blockchain makes on-line transactions possible by the safe cryptocurrency swiftly based on P2P network and distributed public ledger while its on-line traffic is rapidly increasing. However, this technology has bigger potential in the fourth industrial revolution era and its application areas will be varied. The evolving intelligent information society needs to make new added value through utilizing, sharing and processing of useful digital information. Obstacles such as hacking and fraud often exist when transactions of digital properties, right transfers, etc. are done through digital network specialized with anonymity. It is expected that blockchain will be a definite solution in this regard. This paper addresses useful development directions and countermeasures for blokchain in the digital economy by analysis of its current status and issues.
Keywords
Blockchain; cryptocurrency; Fourth Industrial Revolution; Distribution; Database;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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