Strategy for Implementing Blockchain Technology in Higher Education Administrative Management
Background. Higher education institutions are faced with demands to increase efficiency and security in administrative management, including management of student data, certification, transcripts, and others. With the many changes in student administration data and the importance of security and transparency in the administration process, blockchain technology has become a concern in providing innovative solutions in this regard. Purpose. This research aims to analyze the potential and benefits of implementing blockchain technology in higher education administrative management with a focus on security, efficiency and transparency. Method. Research Method: The research method used includes a literature study regarding information technology and higher education management, as well as a comprehensive analysis of blockchain implementation in managing student administrative data. Results. The research results show that the implementation of blockchain technology in higher education administrative management can increase data security and transparency, reduce administrative costs, speed up the certification verification process, and enable the development of a more efficient administrative management system. Conclusion. In conclusion, this research confirms that blockchain technology has great potential to change the management paradigm of higher education administration by providing better data security, increasing process efficiency, and creating a more transparent and decentralized administrative environment. Thus, the implementation of blockchain technology in higher education administrative management can provide significant benefits in facing the complex challenges faced by these educational institutions.
- Supplementary Content
1
- 10.7759/cureus.45512
- Sep 18, 2023
- Cureus
Blockchain technology has gained attention as a potential solution for improving data security, privacy, and interoperability in various industries, including healthcare. In the field of dentistry, the implementation of blockchain holds promise for transforming dental practice and management. However, a comprehensive evaluation of the existing literature regarding the implementation of blockchain technology in dental practice is lacking. This systematic review aimed to assess the current evidence on the implementation of blockchain technology in dental practice and management. A systematic literature search was conducted using major databases to identify relevant studies. The search strategy included keywords related to blockchain technology and dentistry. The investigation was performed as per the PRISMA guidelines. Studies reporting on the implementation, adoption, and outcomes of blockchain technology in dental practice and management were included. Quality assessment and data extraction were performed following predefined criteria. The initial search yielded a multitude of articles, and after applying the inclusion and exclusion criteria, six studies were included in the systematic review. The studies explored various aspects of blockchain technology implementation in dental practice, including data security, interoperability, supply chain management, and patient consent management. Furthermore, the use of blockchain-based systems showed potential benefits in enhancing supply chain management efficiency and patient consent authentication. This systematic review provided insights into the current state of blockchain technology implementation in dental practice and management. The findings suggested that blockchain technology has the potential to enhance data security, privacy, and interoperability in dental practices. However, further research and real-world implementation studies are needed to fully understand the impact of blockchain technology on dental practice and to address the existing challenges.
- Research Article
8
- 10.51599/are.2023.09.03.06
- Sep 20, 2023
- Agricultural and Resource Economics: International Scientific E-Journal
Purpose. The purpose is to reveal the theoretical and practical aspects of the implementation and application of blockchain technology in the economic activity of agricultural enterprises, taking into account the economic feasibility of their implementation and determining the system of elements of the implementation of blockchain technology in agriculture. Methodology / approach. The following methods were used during the research: analysis and synthesis, scientific abstraction – when determining the goal and formulating research conclusions; comparative, calculation, statistical and graphic – when evaluating, analyzing, comparing and determining the current state of implementation of blockchain technology in the economic activity of agricultural enterprises. The method of surveying agricultural producers regarding their awareness of blockchain technology and the benefits of its application was also used. The research used: a theoretical approach (based on the analysis of theoretical aspects of blockchain technology and its application in agriculture) and a practical approach (on the basis of the proposed methodology, the economic feasibility of using blockchain technology in the economic activity of an agricultural enterprise was determined). Results. The main areas of influence of blockchain technology in agriculture have been determined. It has been established that every year the amount of funding for the implementation of blockchain technology is increasing, and the reasons are identified. The world experience of implementing blockchain technology in the economic activity of agricultural producers is considered. The results of a survey of agricultural producers of the Mykolaiv and Kirovohrad regions regarding their awareness of blockchain technology and the benefits of its implementation are highlighted. The objective reasons that affect the implementation of blockchain technology in agricultural production are determined and ways of its popularization are proposed. An action algorithm for the introduction of blockchain technology for agricultural producers has been developed. Agricultural producers who are potentially ready and financially able to implement this technology in their activities have been identified. The main factors affecting the cost of implementing blockchain technology in agricultural production have been identified. A methodology for calculating the economic feasibility of implementing blockchain technology according to optimistic and pessimistic options is proposed, and the calculation of the net present value, payback period, discounted payback period of the project, internal rate of return and the rate of return on the example of a specific enterprise of the Mykolaiv region is carried out. Based on theoretical and practical approaches, a system of elements for implementing this technology in agriculture has been developed. Originality / scientific novelty. The novelty consists in the implementation of a comprehensive theoretical study of the problems and prospects of the implementation of blockchain technology in agriculture; for the first time, a system of elements for the implementation of blockchain technology in agriculture was developed; an algorithm of actions for agricultural enterprises that plan to implement this technology was improved; a methodology for calculating the economic feasibility of implementing blockchain technology in an agricultural enterprise was proposed. Practical value / significance. The results can be used in the process of decision-making by business entities regarding the implementation of blockchain technology and the calculation of its economic feasibility, during the optimization of the processes of management of production, financing, supply chains, etc., as well as by scientists, government bodies and other entities that are interested in implementation of blockchain technology in agriculture.
- Research Article
- 10.25726/x5128-9466-0707-s
- Feb 28, 2024
- Environmental management issues
В данной статье рассматривается использование блокчейн-технологий в управлении цепочками поставок и оценивается их воздействие на прозрачность и эффективность бизнес-операций. В последние годы блокчейн стал одним из наиболее обсуждаемых инновационных решений в области цифровых технологий. Его способность обеспечивать прозрачность и надежность данных открывает новые перспективы для улучшения управления цепочками поставок. Основной целью данного исследования является анализ того, как внедрение блокчейн-технологий может оптимизировать процессы и повысить доверие между участниками цепочки поставок. Для достижения поставленных целей использовались как качественные, так и количественные методы исследования. На первом этапе была проведена детализация понятия блокчейн и его ключевых характеристик, важных для цепочек поставок. Затем посредством опросов и интервью с представителями компаний, использующими блокчейн, собраны эмпирические данные. На заключительном этапе выполнена статистическая обработка информации и построение моделей для оценки влияния блокчейн-технологий на эффективность цепочек поставок. Результаты исследования показали, что применение блокчейн-технологий в управлении цепочками поставок приводит к значительному повышению прозрачности процессов. Среди положительных аспектов отмечены улучшение отслеживаемости товаров, сокращение времени на проверку достоверности данных и снижение риска мошенничества. Кроме того, блокчейн обеспечивает более эффективное управление контрактами и соглашениями, что способствует уменьшению количества конфликтных ситуаций между партнерами. Количественный анализ продемонстрировал, что компании, внедрившие блокчейн, показывают увеличение производительности и снижение операционных затрат. Полученные данные подтверждают гипотезу о том, что блокчейн-технологии могут значительно повысить эффективность и прозрачность управления цепочками поставок. Однако исследование также выявило ряд проблем и ограничений, связанных с внедрением этой технологии, таких как высокая стоимость начальных инвестиций и необходимость обновления инфраструктуры. Важным фактором успеха является также готовность партнерских компаний к сотрудничеству и адаптации под новые условия. Внедрение блокчейн-технологий в управление цепочками поставок имеет потенциал существенно улучшить прозрачность и эффективность бизнес-операций. Исследование показывает, что блокчейн-системы способны обеспечить высокий уровень доверия и оптимизацию процессов, что, в свою очередь, может привести к конкурентным преимуществам для компаний. Однако для достижения этих результатов необходимо учитывать различные вызовы и тщательно планировать процесс интеграции. This article examines the use of blockchain technologies in supply chain management and evaluates their impact on the transparency and efficiency of business operations. In recent years, blockchain has become one of the most discussed innovative solutions in the field of digital technologies. Its ability to ensure data transparency and reliability opens up new perspectives for improving supply chain management. The main goal of this study is to analyze how the implementation of blockchain technologies can optimize processes and increase trust among supply chain participants. To achieve these goals, both qualitative and quantitative research methods were used. In the first stage, the concept of blockchain and its key characteristics important for supply chains were detailed. Then, empirical data were collected through surveys and interviews with representatives of companies using blockchain. In the final stage, statistical processing of the information and the construction of models to assess the impact of blockchain technologies on the efficiency of supply chains were carried out. The results of the study showed that the application of blockchain technologies in supply chain management leads to a significant increase in process transparency. Positive aspects include improved traceability of goods, reduced time for data verification, and reduced risk of fraud. Additionally, blockchain ensures more efficient management of contracts and agreements, which helps reduce the number of conflict situations between partners. Quantitative analysis demonstrated that companies that have implemented blockchain show increased productivity and reduced operating costs. The obtained data confirm the hypothesis that blockchain technologies can significantly increase the efficiency and transparency of supply chain management. However, the study also revealed a number of problems and limitations associated with the implementation of this technology, such as the high cost of initial investments and the need to update infrastructure. An important success factor is also the readiness of partner companies to cooperate and adapt to new conditions. The implementation of blockchain technologies in supply chain management has the potential to significantly improve the transparency and efficiency of business operations. The study shows that blockchain systems can provide a high level of trust and process optimization, which, in turn, can lead to competitive advantages for companies. However, to achieve these results, it is necessary to consider various challenges and carefully plan the integration process.
- Research Article
- 10.62792/ut.jnsm.v9.i17-18.p2823
- Oct 10, 2024
- Journal of Natural Sciences and Mathematics of UT-JNSM
The development of artificial intelligence in combination with blockchain features is marking a technological revolution in terms of the creation of different intelligent robots, and softbots, and more and more attempts are being made to create an artificial human who will be able to help, understand both the speech and the feelings of the real man. Regarding the implementation of decentralized artificial intelligence in institutions of higher education, there are delays in the implementation of blockchain systems for managing large and variable data. This is mainly due to some unique characteristics of the blockchain, which limit the possibility of data variability, and their updating in real-time. However, we are witnessing the implementation of intelligent softbots that are helping students in various fields. The purpose of creating intelligent robots, and in particular decentralized artificial intelligence, is not to replace humans, but to use human intelligence to create intelligent devices that, above all, will facilitate their lives and way of working. Through the paper, we will try to describe the synergy of cooperation between blockchain technology and artificial intelligence in the creation of decentralized big data management systems. We will give the greatest importance to the implementation of blockchain technology in the verification of diplomas, as very important documents that are generated by the institutions of higher education. We will give examples of the execution of the smart contract for the verification of diplomas, as well as the implementation of AI agents within the blockchain workspace that help in the testing and optimization of the smart contract. Through predictive techniques, and multiple regression, we describe an analysis of the verification of diplomas for a higher education institution within a year, taking simulations as examples.
- Research Article
2
- 10.3390/admsci14060120
- Jun 5, 2024
- Administrative Sciences
Purpose: The main objective of this research is to highlight the managerial and organizational implications for businesses resulting from the implementation of blockchain logic and technologies. The functionalities of blockchain technologies are compared with the traditional approach to supply chain management to emphasize the impact they can have on managing intra-supply chain relationships and the organizational structure of companies involved in supply channels. Design/methodology/approach: To conduct this study, a conceptual study was carried out, starting from an analysis of the main characteristics of blockchain technologies, to build an AS-IS scenario compared with the TO-BE scenario resulting from the implementation of these technologies within supply chains. To conduct this study, conceptual categories of the viable system approach and process management perspective were utilized. The conceptual analysis was performed using a matrix representation, which correlates material, informational, and financial flows with the dimensions of traceability, transparency, and efficiency, before and after the implementation of blockchains in managing supply chain transactions. Findings: The study highlighted how the principles underlying blockchain can lead to overcoming the traditional indispensable search for trust among supply chain operators. Therefore, through these results, it is possible to hypothesize an improvement in the resilience conditions of companies operating in block–supply chains. Originality/value: This study contributes to investigating the relationship between blockchain and operational consonance among operators in managing interorganizational processes to improve conditions of efficiency, traceability, and transparency, which are functional in the resilience of companies involved in the supply chain compared to the changing dynamics of the context. Research implications: Trustless logic in the implementation of blockchain technologies leads to the configuration of a new concept of trust, connected to the entire supply chain system, as a result of the improvement in the security, visibility, and efficiency conditions of transactions. The increased visibility and transparency developed in block–supply chains prompt all actors involved in the supply chains to rethink information management, given the reduction in informational asymmetries and, thus, the optimization of transaction costs.
- Research Article
1
- 10.32592/jorar.2021.13.3.7
- Sep 14, 2021
- Journal of Rescue and Relief
INTRODUCTION: Communication and information exchange are of great importance in order to coordinate crisis management in an emergency and rescue processes. Therefore, the attainment of a strong, complete, and stable communication infrastructure will be among the vital factors for providing an appropriate response to emergencies. The use of new technologies that seem to ensure reliable communication and information exchange must be constantly evaluates. METHODS: This review study searched articles published from 2000 to 2021 in Persian and English regarding blockchain technology applications in such databases as Google Scholar, Science Direct, and PubMed using keywords, including rescue, blockchain, and crisis management. FINDINGS: Accurate and optimal presentation of information is an essential prerequisite for crisis management in response to disasters due to the significant impact of each role-maker's decisions. Innovative blockchain technology is extensively used in various fields and is usually well-known and popular for its decentralized and distributed organization and leadership. CONCLUSION: In general, blockchain technologies have shown success in reducing logistics, support, executive, and management costs in different areas. Crisis management in emergencies and disaster response can be significantly improved by the implementation of blockchain technologies. In addition, studies show that the implementation of blockchain technology in crisis management during an emergency and rescue processes is very complex and requires a great deal of cooperation from all parties. However, it will be effective in practice.
- Research Article
11
- 10.34306/itsdi.v5i1.603
- Aug 21, 2023
- IAIC Transactions on Sustainable Digital Innovation (ITSDI)
Security and privacy of patient data are critical concerns in the healthcare system. This research aims to investigate the impact of implementing blockchain technology on enhancing the security and privacy of patient data in healthcare. Using the SmartPLS analysis method, this study empirically examines the relationships between blockchain technology implementation and data security and data privacy within the healthcare system. The research sample consists of healthcare organizations that have implemented blockchain technology for data management. Data is collected through surveys and analyzed using SmartPLS to assess the effects of blockchain technology on data security and privacy. The findings reveal the positive influence of blockchain technology implementation on enhancing the security and privacy of patient data. The study also identifies challenges, such as scalability and interoperability, that need to be addressed for successful implementation. This research contributes to the existing literature by providing empirical evidence on the benefits and challenges of implementing blockchain technology to safeguard patient data in healthcare systems.
- Research Article
3
- 10.1155/2024/2442345
- Jan 1, 2024
- Journal of Engineering
The implementation of blockchain techniques in extensive building work undertakings has encountered multiple obstacles. The barriers encompass a variety of areas including technical, functional, economic, social, and standardization concerns. Notwithstanding the growing recognition of the prospective advantages of blockchain technology among the building industry, there exists a paucity of the literature that delves into the obstacles of implementing blockchain technology in extensive building undertakings. The purpose of this study is to check the difficulties attached with the implementation of blockchain technology in extensive building undertakings. This research study uses a mixed‐method technique that combines structural equation modelling (SEM) and exploratory factor analysis (EFA) to assess the data gathered from a survey of construction industry experts. The conclusions of this research study recommend that the implementation of blockchain technology in large‐scale building projects is significantly impacted by various barriers, including procedural, technical, functional, standardization, social, and economic factors. This research study reveals that the primary obstacles to standardization, technical integration, and functional implementation are the absence of established norms, barriers to assimilating with current systems, and restricted utilization scenarios, respectively. Furthermore, this research study has revealed that the primary, social, and economic hurdles for implementation of blockchain technology in extensive building projects are stakeholders’ reluctance to change, disputes over ownership, and the challenge of demonstrating a definitive return on investment. The study’s implications indicate that the building industry should establish a uniform methodology for implementing blockchain technology that effectively tackles the barriers brought to light in this study. This study’s results provide great views to different stakeholders in the building industry, such as construction managers, investors, and regulators, regarding the difficulties involved in implementing blockchain technology in extensive building projects. The research implications underscore the necessity for a standardized approach to implement blockchain technology in large‐scale construction projects. This insight is crucial for construction professionals, investors, and regulators, informing strategic decisions to overcome identified barriers and facilitate the seamless integration of blockchain, thereby enhancing efficiency and transparency in the industry.
- Research Article
11
- 10.1108/ijlma-03-2023-0046
- Jun 1, 2023
- International Journal of Law and Management
PurposeThe purpose of this paper is to provide an extensive examination and analysis of the current literature on the use of blockchain technology in courts. The paper aims to explore the potential benefits of implementing blockchain technology in courts, such as increasing transparency and accountability, improving the efficiency of court procedures and enhancing the security of court records. Additionally, the paper intends to identify the challenges and limitations of using blockchain technology in courts and propose potential solutions to overcome these obstacles. The ultimate goal is to provide a comprehensive understanding of the potential applications and implications of blockchain technology in the context of the court system.Design/methodology/approachThe research design of this study is qualitative, involving a thorough examination and analysis of existing literature on the use of blockchain technology in courts. The data collection procedure involves gathering information from various sources, such as academic publications, official reports and other relevant records. Data analysis is conducted using a thematic analysis approach, which identifies and categorizes recurring themes that emerge from the data. This approach ensures that the results are credible, dependable and accurate representations of the experiences of the participants. By using these methodologies, the study is able to draw meaningful conclusions and insights into the use of blockchain technology in courts.FindingsThe major findings of this paper suggest that the implementation of blockchain technology in courts has the potential to bring significant benefits such as increased transparency, efficiency and security. The use of blockchain technology in courts can enable the creation of tamper-proof records that are immutable, secure and transparent, which can help prevent fraud, reduce costs and enhance trust in the judicial system. However, adopting this technology also poses challenges and limitations, such as interoperability, governance and scalability. Overall, the paper concludes that while there are challenges to be addressed, the benefits of blockchain technology in courts are significant and should be explored further.Research limitations/implicationsThe study has several limitations that need to be taken into account. Firstly, the availability of data on blockchain implementation in the court system is limited, making it challenging to provide a comprehensive analysis of the topic. Thus, the study’s findings may not be generalizable to other contexts. Secondly, the study takes a technology-centric approach and does not consider blockchain technology’s social and legal implications in court operations. Thirdly, the case studies presented in this paper are limited to a few countries. Moreover, the implementation of blockchain technology in the court system is still in its early stages and lacks standardization, technical expertise and regulatory frameworks. Lastly, uncertainty around the legal framework may hinder its widespread adoption and use.Practical implicationsThe practical implications of this study suggest that the use of blockchain technology in courts has the potential to improve efficiency, security, transparency and accountability in the court system. It can reduce the risk of data tampering, expedite case resolution and lower the cost of legal proceedings. Therefore, this study provides a framework for courts to consider blockchain technology’s potential benefits and explore its future adoption.Social implicationsThe social implications of this study are significant, as the adoption of blockchain technology in the court system can have a profound impact on society. Firstly, by increasing transparency and accountability, blockchain technology can promote public trust in the court system and improve access to justice, particularly for disadvantaged communities (Liu et al., 2020). Secondly, blockchain technology can reduce the reliance on intermediaries, such as lawyers, and streamline the case management process, making legal services more accessible and affordable for the general public (Khurana, 2020). Finally, the use of blockchain technology can create a more secure and efficient court system, enhancing the overall effectiveness of the judicial system and promoting public confidence.Originality/valueThis study provides an original contribution to the literature by exploring the use of blockchain technology in courts from a qualitative research design perspective. While there are a growing number of studies on the potential applications of blockchain technology in various fields, this study provides a comprehensive examination of the current literature on the use of blockchain in courts, identifying the benefits and limitations of its implementation. The study’s focus on the strengths and limitations of blockchain technology and its implications in court adds to the originality of this research.
- Research Article
- 10.55041/ijsrem41609
- Feb 17, 2025
- INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Utilizing information technology (IT) in human resource management (HRM) platforms is a prerequisite for every business to successfully adopt and implement the Fourth Industrial Revolution (Industry 4.0). These methods are necessary to provide a fair, efficient, transparent, and safe environment. Successful implementation of these requirements may be facilitated by blockchain technology, which is based on a decentralized distributed ledger. The purpose of this study is to ascertain how blockchain technology is currently being applied in human resource management. Along with anticipated adoption barriers that can restrict its use, it also outlines possible opportunities associated with the implementation of blockchain technology in the field of human resource management. There are definite benefits when comparing the proposed system to the existing hiring practices. Thus, blockchain technology has also been widely used in human resources management. This essay will look more closely at and explore blockchain technology's application potential in HRM. To determine the possible opportunities associated with the use of blockchain technology in the HRM domain as well as the expected adoption challenges that may impede its utilization, this paper analyses the findings of an empirical study that conducted one semi-structured interview with HRM experts. Both blockchain and HRM researchers can benefit from the study by using the potential suggested as a basis for future research and attempting to address the expected adoption issues. KEY WORDS: Blockchain Technology, Human Resource Management (HRM), Industry 4.0, Decentralized Ledger, Recruitment and Hiring, Adoption Challenges.
- Research Article
- 10.32620/reks.2021.3.14
- Oct 5, 2021
- RADIOELECTRONIC AND COMPUTER SYSTEMS
The subject of research in the article is the processes and technologies of communication management of infrastructural projects. The possibilities of using blockchain technology in the field of project management are considered. The goal of work: improving the information security of infrastructure projects. The risks of stakeholder communications will be reduced by increasing the security of data access and reducing the time for their processing, which in turn will provide more flexible project management. The tasks of the work: to analyze the current state of development of blockchain technology and conduct a comparative analysis of technology and modern generally accepted management methods, give examples of implementation, determine the advantages of blockchain technology in modern conditions; analyze the benefits of using smart contracts in communication management, apply the smart contract life cycle model in an infrastructure project. Research methods: systems analysis, design approach, structural modeling, instrument Geth, programming language Solidity. The following results were obtained. The main directions of development and implementation of blockchain technology are characterized, examples of the use of blockchain technology in various industries are collected and analyzed, the main advantages and disadvantages of the technology are identified, a comparative analysis of blockchain technology and classical project management methods is carried out, the possibilities of using blockchain technology in the field of project management are described, the main the possibility of implementing reasonable contracts, the advantages and disadvantages of reasonable contracts are identified, the advantages and disadvantages of the instrument of reasonable contracts are analyzed in comparison with the traditional approach. The smart contract life cycle model presents the creation stages, installation to the blockchain contract managing, and contract completion. Provided an example of the smart contract used for the complex financial project, which reduced the risk of project failures. Conclusion. The scientific novelty of the obtained results is in the improvement of the project management life cycle model through the further development of the smart contract model. This allows to increase information security, reduce possible risks and guarantee the implementation of an infrastructure project through the use of blockchain technology in comparison with classical project management methods.
- Research Article
- 10.33271/nvngu/2022-3/168
- Jun 30, 2022
- Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu
Purpose. To analyze the basic principles of blockchain technology implementation, highlighting the algorithms for reaching consensus in the blockchain network to ensure its reliability; to identify key problems in the implementation of such technology and suggest ways to overcome them; to perform a systematic analysis of the blockchain technology contradictions and suggest ways to eliminate them. Methodology. The research used the basics of economic analysis of economic entities to compare their managements centralized and decentralized models. This approach showed that another wave of transformation of business and social models has unfolded in recent years, caused by the next-generation digital technologies involving the economys transition to the digital area. Revealing the blockchain technology mechanisms is based on modern databases and peer-to-peer computer networks, covering in detail the main means of contradictions, application, and implementation of blockchain technology. Findings. The main results of these studies are obtained in the digital economy. The paper shows that digital technologies open up a wide range of opportunities for different sectors of the economy. The research highlights the features and principles of distributed registry technology (Blockchain) applications. It is shown that as a decentralized data registry, blockchain technology is the most discussed and relevant topic in the digital economy. Originality. The paper further developed the main component of the digital economy, which is progressing most intensively, the distributed ledger technology (Blockchain). The paper analyzed its strengths, such as cost reduction, increased security, and transparency of transactions that attracted the attention of various sectors of the economy. The authors approach for eliminating the revealed mechanisms of contradictions, application, and implementation of blockchain technology is presented. The definition of the digital economy, digital technologies in the economy, and end-to-end digital technologies have been improved to clarify the understanding of the economic management decentralization problems. That showed that the digital economy has several subtleties associated with insufficient research and comprehension of technical implementation and flexibility. Practical value. The research results will be useful for expanding ideas about the blockchain technology implementation in different sectors of the economy, accompanied by lower costs, increased security and transparency of economic entities, and improving their economic efficiency and development in digital technologies application. The blockchain technologies implantation at the enterprises of the mining and metallurgical industry allows making the production and sales of products more efficient and transparent, and at the same time significantly reduces the human factor.
- Book Chapter
2
- 10.1007/978-3-030-47945-9_18
- Jan 1, 2020
Payments under a letter of credit are one of the forms of non-cash transactions, which is designed to meet the concerns of both the payer and the recipient of funds. Such obligations make it possible not only to perform quick payments, but also to obtain guarantee of the transfer of goods, construction or services. The advantages of this form of transactions can also be used in the implementation of blockchain technology and smart contracts, however, it requires adequate legal regulation. The aim of this publication is to consider the prospects for normative improvement of Russian legal norms in terms of regulation of both the letter of credit form of transaction and the use of information and Internet technologies in its implementation. The study conducted a comparative analysis of the subject composition and content of the “classic” letter of credit in international transactions and the initial Russian experience in the implementation of a letter of credit on the blockchain platform and the use of smart contracts. This approach, including consideration of the legislation of Russia and other countries, became the basis for the conclusion that the world community and the Russian legislator are at the initial stage of understanding this kind of public relations. In this regard, it is necessary to create unified international agreements in this area, agreed by the states among themselves, and harmonized with international standards of national law.
- Conference Article
2
- 10.1109/icaaic53929.2022.9793272
- May 9, 2022
Block-chain technology involves a transparent, fraud resistant and decentralised mechanism that helps in enhancing transparency as well as efficiency of operations management in different sectors. In medical sector, adoption of this technology is increasing at a slow pace and bringing significant transformation in ways of providing services to clients or end customers. Block-chain technology is known to have a positive influence on enhancing quality of healthcare services through integration of several advanced protocols and algorithms for effective detection of quality issues in medicine or device supply-chain. Besides that, patient data-protection has always been a challenge that this industry has suffered from and incorporation of block-chain-technologies can help this sector to cope with this problem by enhancing encryption of confidential information of patients. During transmission or storage of patient information, there could be reciprocations or changes in this information that are done for satisfaction of malevolent needs of people. This often causes organisations in this sector to face legal obligations resulting from poor and insecure management of operations. GPOs sometimes face significant challenges in determining if providers of medicines or devices are complying with quality standards as per contracts. However, Block-chain technology has aided in ensuring security and safety of medicines and other medical equipment by allowing tracing at different levels of supply chain. Present study is aimed at analysing impact of incorporating block-chain-technologies in operations-management of medical industry. Use of secondary data-collection and thematic analysis has helped in finding positive relationship between implementation of block-chain technology and improvement in operations management in this industry. A few challenges has also been found for which proper recommendations have been provided to ensure best ways of implementing this technology in medical sector.
- Research Article
- 10.20535/2786-8729.4.2024.311745
- Oct 2, 2024
- Information, Computing and Intelligent systems
One of the modern trends in the development of information and communication technologies that have evolved into the Internet of Things (IoT) paradigm is the progressive idea of using blockchain technology in IoT. This trend is described in a large number of modern literature sources, which point out the significant advantages of using blockchain, primarily related to decentralization, immutability, transparency and security. This allows us to conclude that the implementation of blockchain technology in IoT information and communication systems is highly relevant. However, the authors of different studies describe significant problems, including the problem of scalability of the blockchain itself, as well as the problems of energy efficiency and limited resources in IoT devices. Due to these problems, the implementation of blockchain technology in the Internet of Things is becoming a challenge and determines the relevance and feasibility of researching this topic and finding effective solutions related to the integration of two very powerful technologies in modern information and communication systems. The article presents an analytical overview of the issues of integrating blockchain technology into IoT, in particular, the use of the Proof-of-Work (PoW) consensus algorithm in IoT and the use of alternative blockchain protocols, including IOTA, Ethereum Light Client and Litecoin, which allow increasing the efficiency of performing tasks in IoT infrastructure, taking into account the limited resources of devices; existing problems and implementation methods, such as the use of light clients and proxy servers. The article also considers the feasibility of using a full blockchain node on IoT devices and ways to increase system efficiency by pre-processing data before sending it to the blockchain network. The article also highlights the problem of insufficient implementation of blockchain technology in various spheres of human life, as well as the search for the reasons for this problem. The results of the analytical review make it possible to substantiate the purpose and advantages of integrating blockchain technology into the Internet of Things, as well as to summarize the main issues and substantiate a number of tasks for relevant and progressive scientific research in the field of modern information and communication systems.
- Research Article
1
- 10.70177/ijen.v3i2.2154
- Apr 20, 2025
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