• EBELOGU Christopher U
• AGU Edward O
• OSUJI Collins I

Digital world has produced efficiencies, new innovative products, and close customer relationships globally by the effective use of mobile, Internet of Things (IoTs), social media, analytics and cloud technology to generate models for better decisions. Blockchain is recently introduced and revolutionizing the digital world bringing a new perspective to security, resiliency and efficiency of systems. While initially popularized by Bitcoin, Blockchain is much more than a foundation for crypto currency. It offers a secure way to exchange any kind of good, service, or transaction. Industrial growth increasingly depends on trusted partnerships; but increasing regulation, cybercrime and fraud are inhibiting expansion. To address these challenges, Blockchain will enable more agile value chains, faster product innovations, closer customer relationships, and quicker integration with the IoT and cloud technology. Further Blockchain provides a lower cost of trade with a trusted contract monitored without intervention from third parties who may not add direct value. It facilitates smart contracts, engagements, and agreements with inherent, robust cyber security features. This paper is an effort to break the ground for presenting and demonstrating the use of Blockchain technology in the evolving global market. The concepts are transferable to a wide range of industries as finance, government and manufacturing where security, scalability and efficiency must meet.

IOTs, Blochchain, Bitcoin, Cryptocurrency, Global Market

"ANALYZING THE CONCEPT OF BLOCKCHAIN AND INTERNET OF THINGS TECHNOLOGIES IN THE EVOLVING GLOBAL MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.52-65, June 2019, Available :http://www.jetir.org/papers/JETIR1907006.pdf

"ANALYZING THE CONCEPT OF BLOCKCHAIN AND INTERNET OF THINGS TECHNOLOGIES IN THE EVOLVING GLOBAL MARKET", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp52-65, June 2019, Available at : http://www.jetir.org/papers/JETIR1907006.pdf