Blockchain integration with the internet of things for the employee performance management

Abstract

As time went on, technological progress inevitably altered our daily routines. Many new technologies, such as the Internet of Things (IoT) and cryptocurrency, offer revolutionary possibilities. To put it simply, the blockchain is a distributed, public, and auditable database that can be used to record financial transactions. The IoT, or “Internet of Things,” is a system of interconnected electronic devices that can communicate with one another and be remotely monitored and handled. This paper reviews the most recent findings in the field of blockchain and Internet of Things with the goal of examining blockchain as a possible answer to secure IoT data management within supply networks. There is a dearth of literature in the early stages of both blockchain and IoT study because they are such novel topics. The study's findings suggest that in order to improve their leadership quality to intentionally impact employee performance, industry managers should pay attention to human resource management indicators like collaboration, involvement, actualization, perception, and teamwork. This is primarily because of the inherent limitations of IoT devices and the distributed ledger architecture of the blockchain technology. There is potential for IoT to provide many advantages if blockchain capabilities can be optimized for it.