Blockchain Technology and its Applications in Mining Industry

Jump To References Section

Authors

  • Suryanshu Choudhury
     Corporate Mineral Resources Department, Ambuja Cements Ltd., Mumbai ,IN

Keywords:

Blockchain, smart contracts, sustainability

Abstract

Blockchain technology is basically a digital ledger in the cloud which is distributed and decentralised. Blockchain is getting popularity in different industries these days because of its specific applicability features like data integrity, security, fast, transparency etc. There will not be any third party organisation intervention for control of the transactions within it. Therefore it creates interesting and vast research areas, especially from the perspective of technical challenges, expectations and limitations. These days blockchain is having wide range of applications in various industries and mining industry is no where exception to that. Many leading mining companies started implementing this technology into their operations and major application areas are fixing up smart contracts, compliance issues, addressing sustainability etc. It has got tremendous potential to fundamentally change the way the mining industry and connected supply chains operate.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

Downloads

Published

2022-10-20

How to Cite

Choudhury, S. (2022). Blockchain Technology and its Applications in Mining Industry. Journal of Mines, Metals and Fuels, 67(8), 366–370. Retrieved from https://informaticsjournals.com/index.php/jmmf/article/view/31643

Issue

Volume 67, Issue 8, August 2019

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

 

References

Stanciu, A. (2017): “Blockchain based distributed control system for Edge Computing,” in 21st International Conference on Control Systems and Computer Science Blockchain, pp. 667–671.

Nakamoto, S. (2008): “Bitcoin: A Peer-to-Peer Electronic Cash System,” www.bitcoin.org, p.9.

A. Dorri, A., Kanhere, S.S., and Jurdak, R. (2016): “Blockchain in internet of things: Challenges and Solutions,” arXiv1608.05187[cs], no. August.

Gupta, N., Jha, A. and Roy, P. (2016): “Adopting Blockchain Technology for Electronic Health Record Interoperability.”

Kshetri, Nir. (2017): “Can blockchain Strengthen the Internet of Things?,” IEEE Computer Society, no. August, pp. 68-72.

Christidis K. and Member, G. S. (2016): “Blockchains and Smart Contracts for the Internet of Things,” IEEE Access, vol. 4, pp. 2292-2303.

Conoscenti, M., Vetro, A., and Martin De, J. C.(2016): “Blockchain for the Internet of Things: A systematic literature review,” 2016 IEEE/ACS 13th Int. Conf. Comput. Syst. Appl., pp. 1-6.

Vandervort D.(2014): Challenges and Opportunities Associated with a Bitcoin-Based Transaction Rating System. In: Bhme R, Brenner M, Moore T, Smith M, editors. Financial Cryptography and Data Security.vol. 8438 of Lecture Notes in Computer Science.Springer Berlin Heidelberg; pp. 33–42.

Crosby, M., Pattanayak,P., Verma,S. and Kalyanaraman, V. (2016): “Blockchain technology: Beyond bitcoin,” Applied Innovation, vol.2, pp.6-10.

Kosba, A., Miller, A., Shi, E., Wen, Z. and Papamanthou, C. (2016): “Hawk: The blockchain model of cryptography and privacy-preserving smart contracts,” in Proceedings of IEEE Symposium on Security and Privacy(SP), San Jose, CA, USA, pp. 839-858.

Sharples, M. and Domingue, J. (2015): “The blockchain and kudos: A distributed system for educational record, reputation and reward,” in Proceedings of11th European Conference on Technology Enhanced Learning (EC-TEL2015), Lyon, France, pp. 490-496.