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What is Blockchain 5.0

Handbook of Research on Advancements of Contactless Technology and Service Innovation in Library and Information Science
Blockchain 5.0 refers to the theoretical future evolution of blockchain technology that involves the creation of decentralized autonomous organizations (DAOs) that can operate independently without human intervention. It also involves integrating other emerging technologies such as artificial intelligence and big data analytics to enable more efficient and secure transactions and create new forms of collaboration and value creation. Although still in its early stages, the concept of Blockchain 5.0 reflects the ongoing potential of blockchain technology.
Published in Chapter:
Blockchain: A New Technology in Library System and Management
Subhajit Panda (Punjabi University, India) and Navkiran Kaur (Punjabi University, India)
DOI: 10.4018/978-1-6684-7693-2.ch011
This chapter provides an overview of blockchain technology and its potential use in library and information centers. It explains the main components of blockchain technology, including nodes, transactions, blocks, and chains, and the different types of blockchain networks. The three pillars of blockchain technology, namely decentralization, transparency, and immutability, are also discussed. The chapter highlights the advantages of using blockchain in libraries, including digital preservation, tracking, and data storage. It also notes the challenges in implementing blockchain technology in libraries, such as complex architecture and start-up costs. Despite the obstacles, the potential benefits of blockchain in libraries are significant. The chapter concludes by highlighting the importance of further research and development in this field, and how emerging technologies like blockchain could shape the future of libraries and information centers.
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