Blockchain for HR records and payroll management

By: Contributor(s): Material type: Computer fileComputer filePublication details: Ahmedabad Indian Institute of Management 2023Description: 63 p.: ill. include referencesSubject(s): DDC classification:
  • SP2023/3820 SP003820
Summary: Blockchain is a cutting-edge decentralised digital ledger technology that makes it easier to store transaction records on a network of computers in a safe and transparent manner. Blockchain is essentially made up of a number of blocks, each of which has a list of transactions on it. By use of cryptographic hashes, these blocks are connected to create an unchangeable and sequential chain. Because blockchain technology is decentralised, no one entity has complete authority over the network. Instead, a dispersed network of nodes works together to maintain and verify the blockchain's integrity. Blockchain employs cryptographic algorithms and consensus procedures to guarantee the security and legitimacy of transactions. With the use of this technology, procedures may be further streamlined and the need for middlemen can be eliminated by introducing the idea of smart contracts—self executing contracts expressed in code. Blockchain has the potential to transform businesses by improving efficiency, transparency, and security in a variety of operations, including supply chain management, healthcare, and finance. Its uses go beyond cryptocurrencies.
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Student Project Vikram Sarabhai Library Reference Students Project SP2023/3820 (Browse shelf(Opens below)) e-Book - Digital Access SP003820

Submitted to Prof. Neha Tripathi

Submitted by: Mohit Rathi, Obada Mohammad Anwar

Blockchain is a cutting-edge decentralised digital ledger technology that makes it easier to store transaction records on a network of computers in a safe and transparent manner. Blockchain is essentially made up of a number of blocks, each of which has a list of transactions on it. By use of cryptographic hashes, these blocks are connected to create an unchangeable and sequential chain. Because blockchain technology is decentralised, no one entity has complete authority over the network. Instead, a dispersed network of nodes works together to maintain and verify the blockchain's integrity. Blockchain employs cryptographic algorithms and consensus procedures to guarantee the security and legitimacy of transactions. With the use of this technology, procedures may be further streamlined and the need for middlemen can be eliminated by introducing the idea of smart contracts—self executing contracts expressed in code. Blockchain has the potential to transform businesses by improving efficiency, transparency, and security in a variety of operations, including supply chain management, healthcare, and finance. Its uses go beyond cryptocurrencies.

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