A proper information system (IS) is a complex combination of people, processes and data, all working together to achieve a business goal. Integrating blockchain into information systems provides organizations with a powerful tool to store and manage data in a secure, tamper-resistant manner. Source :http://www.stagetec.co.uk/
Blockchain technology has extended far beyond its original cryptocurrency application, with use cases in areas such as smart contracts, cybersecurity, IoT and non-fungible tokens (NFTs) [1]. Supply chain management is another area where blockchain is increasingly being used: the visibility and accountability provided by blockchains can help reduce counterfeiting and streamline logistics processes.
The Role of Advanced Systems in Blockchain Scalability
The security and integrity of blockchain-based systems are key to their success. A blockchain network has several security features, including decentralization and encryption, which allow it to withstand attacks that might affect other components of an information system. It is also immutable, meaning that data once written to a blockchain can never be erased. Finally, the cryptographic signatures and hashing algorithms used by blockchains prevent unauthorized modification of transactions.
One of the challenges of using blockchain in information systems is that it requires a significant amount of storage. A single blockchain can contain thousands of gigabytes of data, which could require a massive amount of server space to hold.
To address this, the research community is advancing techniques that improve blockchain scalability. For example, sharding is an emerging approach that divides a blockchain into chunks for parallel transaction processing. This can significantly reduce the size of a blockchain while maintaining its security and consistency.