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The paper concerns the problem of the emulgamation of blockchain technology with business. Blockchain seems to be the one of the most recent technological innovations. This technology can be used in industry, the public sector, health care, education and business. The potential of this technology is not yet fully examined. Initially, blochchain was mainly used for cryptocurrencies, but this is only a part of the possible applications. Large possibilities of practical use result, among others, from the fact that making any change in historical records is impossible. There is no central server that could be vulnerable to cyber attacks. This technology allows to execute immediate financial transactions without intermediaries. This article consists of an introduction after which the definitions of blockchain have been presented. The most important part of the paper presents the results of analysis related to blockchain implementation in business. In addition, the work includes assumptions regarding further development of this technology with particular emphasis on business. This article has been elaborated within the DIMBI project ("Developing the Innovative Methodology of Teaching Business Informatics", performed within the Erasmus+ program KA2 - Cooperation for innovation and the exchange of good practices; project number: 2015-1-PL01-KA203-0016636). [ABSTRACT FROM AUTHOR]

Globalization, the Knowledge based Economy and Information and Communications Technologies (ICT) have caused major changes in Small Medium Enterprises (SMEs). Currently, the digital economy is driven by modern information systems and new ICT tools which offer employees and employers access to new work opportunities. The purpose of this article is to analyze the emerging trends and approaches in technology, as well as their impact on SMEs. In the first part of the paper, the author presents the influence of globalization on SME's business. The next part of the paper is devoted to significant aspects of using modern ICT in SMEs. Moreover, various aspects regarding changes in the work system with the use of new ICT solutions both by employees and employers have been discussed. Also, virtualization and mobile technologies issues in SMEs are an important element, taken into account by the author of this paper. The resulting recommendations may constitute a spark for positive changes and improvement in the area of knowledge based business activities [ABSTRACT FROM AUTHOR]