What is the relationship between knowledge management and blockchain technology?

Accounting information systems (AISs), the core module of any enterprise resource planning (ERP) system, are usually designed as centralised systems. Nowadays, the continuous development and applications of blockchain, or more broadly—distributed ledger technology (DLT), can change the architecture, overcome and improve some limitations of centralised systems, most notably security and privacy. An increasing number of authors are suggesting the application of blockchain technologies in management, accounting and ERPs. This paper aims to examine the emerging literature on this field, and an immediate result is that blockchain applications can have significant benefits. The paper’s innovative contribution and considerable objective are to examine if blockchain can be successfully integrated with AIS and ERPs. We find that blockchain can facilitate integration at multiple levels and better serve various purposes as auditing compliance. To demonstrate that, we analyse e-procurement systems and operations using case study research methodology. The findings suggest that DLT, decentralised finance (DeFI), and financial technology (FinTech) applications can facilitate integrating AISs and ERP systems and yield significant benefits for efficiency, productivity and security.

Distributed ledger technology (DLT) that stores data (usually immutable and sequenced transaction records) in a decentralized way through cryptography and consensus algorithms. The first widely recognized implementation of the blockchain took place in 2009 on the Bitcoin public blockchain. Since then, other types of blockchain have been developed for a wide range of applications and features built on common principles such as decentralization, encryption, consensus, and immutability. In particular, blockchain technology is most widely used in transaction settlement and digital currency banks and the financial sector, as well as in supply chain applications that help participants solve problems quickly and efficiently. Other use cases continue to be developed. As a form of information management, blockchain and related DLTs offer advantages over traditional databases and may help develop certain new technologies such as the Internet of Things. Blockchain regulation is currently restricted at the international and federal levels, but state-level legislation provides support and awareness of aspects of blockchain technology. Most of the current regulations are in the form of self-regulation by blockchain developers and related communities, but many challenges and risks such as data privacy and security need to be addressed in the near future.

Blockchains are the most well-known example of a distributed ledger technology (DLT). Unlike classic databases, the ledger is not maintained by any central authority. The integrity of the ledger is maintained automatically by an algorithmic consensus process whereby nodes vote and agree upon the authoritative version. In effect, the consensus algorithm operates in the manner of a decision-making process within a governance system. The technological characteristics of blockchain systems are well documented (Narayanan, Bonneau, Felton and Miller, 2016). We propose that one of the reasons why it has so far proved very difficult to seed large-scale commercial DLT (blockchain) projects lies in the arena of project ownership and governance. Unlike classic centralised database systems, DLTs have no one central point of “ownership” of any of the system’s infrastructure or data. In this piece of exploratory research, we propose applying theories of club governance to both the technical design and operational development of a range of DLT (blockchain) systems, including (but not necessarily limited to) cryptocurrencies and enterprise applications to explore how they can explain the development of (or lack of development of) sustainable solutions to real business problems. There are many parallels to the governance arrangements observed historically in the origins of complex distributed telecommunications networks.

The Distributed Ledger Technology (DLT) provides an infrastructure for developing decentralized applications with no central authority for registering, sharing, and synchronizing transactions on digital assets. In the last years, it has drawn high interest from the academic community, technology developers, and startups mostly by the advent of its most popular type, blockchain technology. In this paper, we provide a comprehensive overview of DLT analyzing the challenges, provided solutions or alternatives, and their usage for developing decentralized applications. We define a three-tier based architecture for DLT applications to systematically classify the technology solutions described in over 100 papers and startup initiatives. Protocol and Network Tier contains solutions for digital assets registration, transactions, data structure, and privacy and business rules implementation and the creation of peer-to-peer networks, ledger replication, and consensus-based state validation. Scalability and Interoperability Tier solutions address the scalability and interoperability issues with a focus on blockchain technology, where they manifest most often, slowing down its large-scale adoption. The paper closes with a discussion on challenges and opportunities for developing decentralized applications by providing a multi-step guideline for decentralizing the design and implementation of traditional systems.

Distributed Ledger Technology (DLT) is in a very early stage of development. Sometimes confused with the blockchain technology underlying bitcoin, it is supposed to be its evolution designed to avoid the architectural choices that make bitcoin and blockchain unsuitable for securities settlement and financial applications. DLT is enjoying the blockchain hype originating from the resiliency of bitcoin operations, but it still lacks a reference implementation or strict technical specifications, beyond being a shared ledger using cryptographic tools. As such, it is difficult to discuss its promises and limitations. Nonetheless, some considerations are possible starting from the existing market infrastructure, the experience with operational blockchains, and the available elements of the public debate about DLT.

Blockchain is a distributed ledger technology (DLT) to manage data in a decentralised way. During the last years, interoperability has become one of the main challenges within blockchain research as blockchains increasingly require integration between each other. Indeed, blockchains work by design in silos of information as interoperability is not a native feature. The main efforts in the field are focused on blockchains, such as Bitcoin and Ethereum. However, interoperability in DLT remains as an almost untouched area of work as they introduce additional requirements focusing on privacy and identity. Although there are some interoperability solutions for DLT, they are either high-level design proposals not providing concrete implementations or focus on interoperability issues between business applications and blockchain platforms. In this paper we propose a gateway-based platform-to-platform interoperability solution for DLT, which comprises a detailed solution design and a reference implementation. The proposal was assessed through the development of a social security case scenario and the evaluation through two interoperability frameworks. A reference implementation was built using two DLT: Hyperledger Fabric and Corda. The experimental results shows that it is possible to achieve technical interoperability between two heterogeneous DLT platforms using a gateway-based interoperability solution, relaxing decentralisation, data privacy, identity and authorisation management properties.

The application of distributed ledger technologies, including blockchain, is rapidly growing in governance, transport, supply chain, and logistics. Today, blockchain technology is promoted as the heart of Smart Cities. This study reviews the potential of blockchain application in water management systems. We surveyed the literature and organized the previous studies based on three main application topics: Smart Water Systems, Water Quality Monitoring, and Storm Water Management. Also, we addressed technical, organizational, social, and institutional challenges that may hinder the adoption of Blockchain technology. Water management systems need to have a long-term commitment plan, update their organizational policies, and acquire relevant knowledge and expertise before successfully adopting any distributed ledger technology.

Nowadays, blockchain is developing as a secure and trustworthy platform for secure information sharing in areas of application like banking, supply chain management, food industry, energy, the Internet, and medical services. Besides, the blockchain can be described in a decentralized manner as an immutable ledger for recording data entries. Furthermore, this new technology has been developed to interrupt a variety of data-driven fields, including the health sector. However, blockchain refers to the distributed ledger technology, which constitutes an innovation in the information recording and sharing without a trusted third party. In this paper, blockchain and Distributed Ledger-based Improved Biomedical Security system (BDL-IBS) has been proposed to enhance the privacy and data security across healthcare applications. Further, our goal is to make it possible for patients to use the data to support their care and to provide strong consent systems for sharing data among different organizations and applications, since this includes managing and accessing a high amount of medical information, and this technology can maintain data to ensure reliability. Finally, results show that new blockchain-based digital platforms allow for fast, easy, and seamless interactions between data suppliers to enhance privacy and data security, including for patients themselves.

PurposeThe purpose of this paper is to assist records managers and information governance professionals to understand the challenges presented by their organization’s use of blockchain distributed ledger technology (DLT).Design/methodology/approachAn extensive literature review was conducted, which revealed a multitude of articles based on research into blockchain DLT, most written from the technology perspective. This paper differs in that it applies a records management lens to an analysis of the records created, registered or stored on a blockchain. A six-stage blockchain records consideration model is provided to illustrate examples of the records management challenges presented by the implementation of blockchain DLT. Questions are posed and recommendations are made to aid the reader in developing a blockchain DLT records management and information governance strategy.FindingsBecause there is no one universal configuration for a blockchain DLT solution, each implementation must be analyzed to understand the resultant records management and information governance challenges. A series of questions that should be asked and answered can not only help records management and information governance professionals adapt their policies and practices to the technology but also provide a basis for discussion with those designing the blockchain DLT solutions so they can include records management features in their designs.Originality/valueThis paper contributes an original analysis of the implications of the adoption of Blockchain DLT for records management and information governance programs through the lens of a six-stage Blockchain Records Consideration Model.