Journal of Business & Economic Policy

Blockchain for Reorganization of Electronic Business Entrepreneurship
Dr. Panagiotis Gatomatis, Dr. Nikos Bogonikolos

Abstract
Blockchain technology is evolving to a dynamic element that could transform entire industries. Blockchain actually provides independent verification of data without a central, controlling party, a clearly decentralized way. This quality offers businesses both a higher level of precision and an increased ability to see the big picture in their operations. By storing and independently validating vast records of activities and transactions, companies are able to maintain a more accurate chain of custody and eventually manage an increasing number of assets. Blockchain technology is envisioned to impact all major areas of businesses in the coming years, ultimately causing large-scale disruption to the global economy. At the same time, the basic concept of decentralized operations opens up a great number of benefits for business organizations.

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