Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is ESR

Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector
This Epson T3-401S SCARA robot - a versatile entry-level robot solution for production lines.
Published in Chapter:
Industry Use Cases on Blockchain Technology
Daniel Schönle (Furtwangen University of Applied Science, Germany), Kevin Wallis (Furtwangen University of Applied Science, Germany), Jan Stodt (Furtwangen University of Applied Science, Germany), Christoph Reich (Furtwangen University, Germany), Dominik Welte (Offenburg University of Applied Science, Germany), and Axel Sikora (Offenburg University of Applied Science, Germany)
DOI: 10.4018/978-1-7998-6650-3.ch011
Abstract
Digital transformation strengthens the interconnection of companies in order to develop optimized and better customized, cross-company business models. These models require secure, reliable, and traceable evidence and monitoring of contractually agreed information to gain trust between stakeholders. Blockchain technology using smart contracts allows the industry to establish trust and automate cross-company business processes without the risk of losing data control. A typical cross-company industry use case is equipment maintenance. Machine manufacturers and service providers offer maintenance for their machines and tools in order to achieve high availability at low costs. The aim of this chapter is to demonstrate how maintenance use cases are attempted by utilizing hyperledger fabric for building a chain of trust by hardened evidence logging of the maintenance process to achieve legal certainty. Contracts are digitized into smart contracts automating business that increase the security and mitigate the error-proneness of the business processes.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR