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Blockchain and Digital Twins: Concept, Applications, Challenges, and Potential

Blockchain and Digital Twins: Concept, Applications, Challenges, and Potential

Prashant Chougule, Sharuti Choudhary, Kavitha Reddy Gurrala, Ch Siddharth Nanda
Copyright: © 2024 |Pages: 24
ISBN13: 9798369318782|ISBN13 Softcover: 9798369346556|EISBN13: 9798369318799
DOI: 10.4018/979-8-3693-1878-2.ch003
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MLA

Chougule, Prashant, et al. "Blockchain and Digital Twins: Concept, Applications, Challenges, and Potential." Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments, edited by Syed Hasan Jafar, et al., IGI Global, 2024, pp. 49-72. https://doi.org/10.4018/979-8-3693-1878-2.ch003

APA

Chougule, P., Choudhary, S., Gurrala, K. R., & Nanda, C. S. (2024). Blockchain and Digital Twins: Concept, Applications, Challenges, and Potential. In S. Jafar, R. Rodriguez, H. Kannan, S. Akhtar, & P. Plugmann (Eds.), Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments (pp. 49-72). IGI Global. https://doi.org/10.4018/979-8-3693-1878-2.ch003

Chicago

Chougule, Prashant, et al. "Blockchain and Digital Twins: Concept, Applications, Challenges, and Potential." In Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments, edited by Syed Hasan Jafar, et al., 49-72. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-1878-2.ch003

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Abstract

Digital twins and blockchain technology have revolutionized data management and accessibility in a variety of areas and opened a plethora of new and profitable business opportunities. The “foundations of blockchain and digital twins” book chapter delves into the advantageous relationship between these two cutting-edge technologies. The basic ideas, unique characteristics, and real-world use cases of blockchain technology have been covered in the first section of this chapter. Blockchain technology's decentralized, transparent, and unchangeable features have the potential to completely transform a number of industries, including finance, healthcare, and supply chain management. The chapter also examines the consensus, processes, smart contracts, and cryptographic techniques that support the blockchain's dependability and security. The final section investigates the interesting relationship between blockchain and digital twins, assessing their individual benefits. Blockchain technology has the potential to improve the reliability, authenticity, and safety of digital twins.

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