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What is Block Chain

Innovative Human Resource Management for SMEs
Block chain is a decentralized and distributed digital ledger system that securely, transparently, and immutably records transactions across several computers. It serves as the foundation for crypto currencies such as Bitcoin and has uses outside of digital currencies like as supply chain management, voting systems, and others.
Published in Chapter:
Navigating the Intersection of Sustainability and Human Resources to Foster Responsible and Eco-Friendly Management: Green Employability and Green Jobs
Shumaila Naz (The University of Lahore, Pakistan), Ambreen Jabeen Jabeen Shah (The University of Lahore, Pakistan), and Syed Arslan Haider (Sunway University, Malaysia)
Copyright: © 2024 |Pages: 27
DOI: 10.4018/979-8-3693-0972-8.ch011
Abstract
The role of Green HR practices and innovative HR practices in SMEs extends beyond mere environmental consciousness. Within SMEs, where resource optimization is paramount, Green HR practices and innovative HR practices emerge as a proactive means to enhance both ecological stewardship and organizational performance. These practices encompass initiatives such as eco-friendly recruitment processes, energy-efficient workplace design, and employee engagement programs focused on environmental responsibility. By integrating Green HR practices, SMEs not only reduce their carbon footprint but also cultivate a culture of sustainability, boosting employee morale, attracting eco-conscious customers, and contributing to the broader global goal of ecological well-being. The chapter explains the difference between “green jobs” and “green employability.” It takes the reader to a journey where the initial research to the utilization of industry 4.0 is studied to understand the innovative HR practices under the lens of different HR theories and models.
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Accelerating Financial Innovation Through RegTech: A New Wave of FinTech
Where crypto currency dealings get recorded. It operates like a public ledger where in order, once entered, can’t be distorted. Block chain technology also has quite a lot of non-crypto currency applications together with smart contracts and the copy of digital assets.
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The Role of Artificial Intelligence in Cyber Security
A block chain is a perfect place to store value, identities, agreements, property rights, credentials, etc. Once you put something like a Bit coin into it, it will stay there forever. It is decentralized, disinter mediated, cheap, and censorship-resistant.
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Education 4.0: Future of Learning With Disruptive Technologies
Digital pieces of information stored in a public database, also referred to as distributed ledger technology.
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Drug Trafficking
As the name suggests, block chain is a chain of blocks that serves as a public ledger of the Bitcoin network revealing ownership information of all the addresses. It is like a data file that contains the history of all the Bitcoin transactions that have taken place till now. Every block is based on its predecessor and contains information about the new transactions that got validated through it.
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Enabling Technologies for IoT: Issues, Challenges, and Opportunities
The block chain mechanisms perform registration and authentication of all IoT devices and IoT system operations performed.
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Has Bitcoin Achieved the Characteristics of Money?
A public record of all bitcoin transactions mined since the beginning of bitcoin cryptocurrency.
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Technology in Healthcare: Vision of Smart Hospitals
It is distributed database of the transactions in bitcoin or cryptocurrency and maintained in multiple computers which are linked in a network.
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Contract Lifecycle Management: Processes and Benefits
A technology that is most simply defined as a decentralized, distributed ledger that records the provenance of a digital assets.
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