Blockchain technology is considered to be a game-changer for building an immutable, decentralized, trustless, and peer-to-peer ledger for business logic. Records in the blockchain are linked using cryptography. Each block contains a block timestamp, transaction data, and the previous block's cryptographic hash information.
IT asset management is an important part of an organization's strategy. It usually involves incorporating detailed IT assets and inventory information for business practices, such as hardware purchases and redistribution. Typical business practices include the request and approval process, procurement management, life cycle management, and so on.
Today, there are many participants in an asset's life cycle—from the manufacturer, the transporter, the IT service department, all the way to the end user—with...