Abstract

The widespread use of sensorial technologies has created new opportunities for enterprises, as these new sources of data assist in increasing the context-awareness in which enterprises operate and enable them to better anticipate and adapt to changes in the business environment. This leads to better decision-making and greater profitability, as well as to reduced operating risks. However, if enterprises are to get any benefit from these new data sources, there is a need for tools, which will enable them to deal with the complexity of the multitude of data sources, both from physical and virtual objects, as well as a means to extract relevant and correct information and knowledge from it. Having access to data is not enough. The real value to enterprises comes from being able to process it, interpret it and being able to make accurate forecasts upon which they can base their business decisions. This paper presents the blockchain technology which is intended to support the development of sensing enterprise systems for intelligent knowledge management. Since the creation of the internet, blockchain is the most important technology created that is in constant development and has still much more to develop. In a simple way, blockchain is a computational technology for register of operations, decentralized, free-access, transparent, global, continuous. It is a public database that is accessible for everyone and is much more secure and reliable than other forms currently known to perform similar operations. Thus, it is intended to demonstrate the importance of this recent technology in business processes and the future trends of its use in sensing enterprise business processes. The proposed framework intends to demonstrate and serve as the foundation for new business models supported by the new capabilities provided by sensorial technologies in the support of enterprise applications.

Original languageEnglish
Title of host publicationASME International Mechanical Engineering Congress and Exposition, Proceedings (IMECE)
PublisherAmerican Society of Mechanical Engineers (ASME)
Volume2
ISBN (Electronic)9780791852019
DOIs
Publication statusPublished - 1 Jan 2018
EventASME 2018 International Mechanical Engineering Congress and Exposition, IMECE 2018 - Pittsburgh, United States
Duration: 9 Nov 201815 Nov 2018

Conference

ConferenceASME 2018 International Mechanical Engineering Congress and Exposition, IMECE 2018
CountryUnited States
CityPittsburgh
Period9/11/1815/11/18

Keywords

  • Blockchain
  • Business Process
  • Sensing Enterprise
  • Trend

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  • Cite this

    Majid, Z., Sarraipa, J., Artifice, A., Jardim-Gonçalves, R., & Marcelino-Jesus, E. (2018). A future trend in sensing enterprise systems. In ASME International Mechanical Engineering Congress and Exposition, Proceedings (IMECE) (Vol. 2). [V002T02A084] American Society of Mechanical Engineers (ASME). https://doi.org/10.1115/IMECE2018-88530