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Prospects for the Development of Blockchain Technology in Corporate Information Systems

Authors

Yurii Tulashvili, Iurii Lukianchuk and Viktor Kosheliuk, Lutsk National Technical University, Ukraine

Abstract

Over the past decade, blockchain technology has undergone rapid development and is recognized as one of the pivotal information technologies driving industrial transformation. Today, blockchain technology offers a promising solution to the problems faced by corporate information systems. Namely, with the help of appropriate measures of anonymization and preservation of confidentiality, the blockchain enhances data security, reduces the risk of unauthorized access, and ensures user privacy in corporate systems. Blockchain technology increases transparency, allowing users to monitor and verify the content of information, assess the integrity of data stores. In recent years, blockchain has become a subject of interest for state governments, multinational corporations, and major financial institutions. Today, considerable attention is paid to the development of private (corporate) blockchains. This article examines the prospects and development of blockchain technology in corporate information systems. The study is aimed at providing additional clarity regarding the concept of blockchain applications in corporate information systems. Existing enterprise applications cannot operate seamlessly with traditional transactional requirements when integrating blockchain technology. Therefore, they will have to be modified with inclusion in the existing data storage for asynchronous interaction with distributed nodes of the blockchain. A scheme of the principle of interaction of nodes - storages that support data synchronization and their current states are proposed. This scheme is based on a blockchain structure centered around cloud storage as a corporate document circulation system. Consensus to include a new entry - Byzantine fault tolerance. Blockchain nodes receive a parametric weight for decision making.

Keywords

Blockchain, Consensus, Corporate Systems, Security