Blockchain Application in Cryptocurrency

Abstract

The development of information technology in supply chains has shown that this digital revolution can be a source of performance for enterprises and governments. Among these technologies is the blockchain which is a stored database with the credibility and trust of all actors in the supply chain. The actors of supply chain benefit from a secure and guaranteed information to carry out their transactions. The application of blockchains in cryptocurrency not only reduces the risk of information but also eliminates several processing and transaction fees. This allows countries with volatile currencies to have a more stable currency. The objective of this chapter is to conduct a literature review to synthesize the knowledge of using the blockchains in cryptocurrency. To carry out our study, in the first part, the link between blockchain and cryptocurrency is studied, and then we discussed the technological evolution of the currency due to blockchain.