Blockchain

Abstract

There are three basic reasons why blockchain technology is being discussed as last chapter of this section. First, in comparison with all other technologies discussed so far, this technology is of very recent origin. Two, there is a belief of few that this technology should not be recognized as disruptive technology but more as a foundational technology with massive potential for both growth and utility. Three, this technology impacts (or is associated with) various direct IT-based technologies like say cloud, AI and IoT which have been discussed in the previous chapters of this section as disruptive technologies. For the purpose of this chapter, these three issues are kept at a backdrop and only briefly touched upon. The main objective of this chapter remains same as previous chapters, that is to check the validity of this technology for bringing out disruption in various defence sectors.