Applications of blockchain technology in business

Financial markets and companies have made great strides towards globalization, especially towards the end of the 20th century. While the introduction of Web 2.0 into our lives made it possible for individuals from all layers to participate in this trend, it also enabled the formation of micro-liberal libertarian groupings of people from different parts of the world. The crises that broke out one after another shook the reputation of the currencies behind which there was an authority and led people to different searches. With the support of the developments in CPU and GPU technologies with cryptography, the coin values that emerged with the processor powers of the computers gained reputation and started to turn into shopping values to some extent. With the inclusion of smart contracts in the system, the number of blockchain-based projects has increased exponentially. This development, which permeates every aspect of life, has become a disruptive innovation within businesses. In this study, the applications of blockchain technology in businesses are examined, and its implementation is carried out on a business scenario. Keywords: Blockchain, Smart Contracts, Consensus, Industry 4.0