Advantages Of Blockchain Technology Research Articles

Blockchain Technology and Corporate Performance: Empirical Evidence from Listed Companies in China

Blockchain technology is widely recognized and adopted by many organizations, as it serves as a fundamental technological infrastructure for the digital economy. This has led to a rapid acceleration of industrial transformation and digital innovation. This study employs empirical data from a substantial sample to investigate the potential applications, strategies, and advantages of blockchain technology. This paper examines A-share listed companies in China from 2015 to 2021, offering valuable empirical insights that demonstrate how the implementation of blockchain technology can markedly improve corporate performance in a major global economy. The research in this paper examines the differential effects of blockchain technology by innovatively integrating financial and environmental performance metrics into an empirical model, revealing that implementing blockchain technology significantly enhances environmental performance. Furthermore, it has been observed that blockchain technology adoption can contribute to corporate performance by improving information transparency. It is worth noting that blockchain technology’s influence on enterprises’ performance exhibits discernible variations based on the ownership structure, environmental sensitivity, and technical features of said enterprises. This paper can be used as a guide for enterprises looking to implement blockchain technology and for governments seeking to develop digitalization legislation.

Anonymous Access System with Limited Number of Uses in a Trustless Environment

This article proposes a novel method for managing usage counters within an anonymous credential system, addressing the limitation of traditional anonymous credentials in tracking repeated use. The method takes advantage of blockchain technology through Smart Contracts deployed on the Ethereum network to enforce a predetermined maximum number of uses for a given credential. Users retain control over increments by providing zero-knowledge proofs (ZKPs) demonstrating private key possession and agreement on the increment value. This approach prevents replay attacks and ensures transparency and security. A prototype implementation on a private Ethereum blockchain demonstrates the feasibility and efficiency of the proposed method, paving the way for its potential deployment in real-world applications requiring both anonymity and usage tracking.

Evolution of blockchain accounting literature from the perspective of CiteSpace (2013–2023)

Against the backdrop of the Industrial Revolution 4.0, the advantages of blockchain technology in traceability, transparency, safety improvement, and efficiency improvement have made it possible to reduce the work of accounting personnel by 50 %, thus saving billions of dollars for global companies by combining this technology with accounting. However, the blockchain technology associated with accounting is in the experimental stage and has several problems to be solved including limited data processing capacity, information confidentiality, and regulatory difficulties. This innovation and progress in science and technology has provided more abundant, efficient, and professional technical support for the research of blockchain accounting documents. Among these advances, CiteSpace software has promoted the development of blockchain and accounting in the direction of visualization, comprehensiveness, security, and relevance. In this study, we used the knowledge map drawn by CiteSpace to search the core Blockchain Accounting database from 2013 to 2023 on the Web of Science (WoS). We obtained 1414 documents measured according to co-citation analysis, log-likelihood ratio (LLR) network clustering, co-occurrence keywords, and emergent time zone diagram method. We analyzed and summarized the important documents, research keywords, key research fields, and knowledge evolution related to "blockchain accounting" by network, literature integration, and popular research topics. We found that adopting blockchain technology in accounting information systems is expected to improve recordkeeping and reporting. Blockchain, as an innovative technology, provides a tamper-proof, traceable, and shareable platform for accounting information by using a distributed ledger system. By implementing blockchain, artificial intelligence can improve safety, transparency, and accuracy, and also may completely change the way we manage financial records. With its ability to improve overall efficiency and reduce errors, blockchain technology may change our familiar accounting methods. In addition, blockchain technology, intelligent contract, artificial intelligence, the Internet, information systems, and supply chain are the most important keywords, while blockchain technology, intelligent contract, and artificial intelligence are important components of blockchain accounting knowledge system. This research provided an important opportunity to advance the understanding of the crucial contribution of blockchain to the accounting field.

Blockchain Technology in Supply Chain Management

Blockchain is a promising technology with its features such as immutability and decentralized database. It has applications in various fields such as pharmaceutical, finance, & food industry. At the core of its heart lies its feature, traceability which is the most desired key in supply chains. However, supply chains have always been hit rock bottom by scandals and controversies. In this review paper, we have explored the advancement and research gaps, of blockchain technology (BT) in supply chain management (SCM). We have used the Prisma framework for systematic literature review (SLR) and included a minuscule amount of grey literature to reduce publication bias. We found that supply chain traceability and transparency is the most researched objective in SCM. There was hardly any research in supply chain resilience. Further, we found that 40 % of the papers were application based. Most articles have focused on the advantages of BT, rather than analyzing it critically. This study will help identify gaps and, suitable actions to be followed for an efficient implementation of BT in SCM.

Analisis Jaringan Kolaborasi Penelitian tentang Teknologi Blockchain dalam Keuangan dengan Pendekatan Bibliometrik

This research applies bibliometric analysis to explore and identify research trends as well as research collaboration networks related to the application of blockchain technology in the financial sector. Leveraging major scientific research databases, such as PubMed, IEEE Xplore, and ScienceDirect, we collected 980 research articles published between 2014 and 2024. Through literature clustering analysis, we grouped articles into 11 clusters, covering aspects of blockchain adoption in banking, the advantages of blockchain technology in international trade, transparency issues, financial risks, and current topics such as auditing and supply chain finance. Research trend analysis illustrates the evolution of research topics over time, highlighting the increased focus on specific aspects in recent years. The most impactful articles and potential topics for future research provide direction for researchers and practitioners in this field. Analysis of author collaboration networks identifies close relationships between authors, creating collaboration opportunities that can increase the richness of multidisciplinary research in the future.

Utilization of Blockchain Technology in the Data Audit System of Power Grid Engineering

To ensure the safety of power grid operation and the accuracy of data, it is necessary to solve the problems of credibility and transparency in traditional data auditing systems. In this study, the use of blockchain was proposed to design the system. It is a distributed ledger technology that can definitely provide new solutions for power grid engineering data auditing. In this article, the basic principles and characteristics of blockchain were elaborated in detail, and the application scenarios and advantages of blockchain technology in power grid engineering data audit systems were discussed. The challenges and problems of this technology in the field of power grid were analyzed. The research results indicated that the audit efficiency of the method proposed in this article ranged from 89% to 98%. Blockchain technology can provide advantages such as data security, transparency, traceability, and decentralization for power grid engineering data audit systems.

Revolutionizing student course selection: Exploring the application prospects and challenges of blockchain token voting technology

This paper explores the utilization of blockchain token voting technology in student course selection systems. The current course selection systems face various issues, which can be mitigated through the implementation of blockchain technology. The advantages of blockchain technology, including consensus mechanisms and smart contracts, are discussed in detail. The token voting mechanism, encompassing concepts, token issuance and distribution, and voting rules and procedures, is also explained. The system design takes into account the system architecture, user roles and permissions, course information on the blockchain, student course selection voting process, and course selection result statistics and public display. The technology offers advantages such as transparency, fairness, data security and privacy protection, and system efficiency improvement. However, it also poses several challenges, such as technological and regulatory hurdles. The prospects for the application of blockchain token voting technology in student course selection systems and its potential impact on other fields are summarized. Overall, the utilization of blockchain token voting technology in student course selection systems holds promising future implications, which could revolutionize the education sector.

Asset Ownership Transfer and Inventory Using RFID UHF TAGS and Ethereum Blockchain NFTs

In the present, many organizations grow on a daily basis, using many assets to perform their activities and generate profit. In large organizations, all of these assets must be managed, occasionally leading to challenges depending on the organization’s size. For this reason, the role of asset custodian is needed. This role entails assigning the fixed assets to one person for their care, maintenance, and safekeeping. In this process, it is necessary to update information in the central system, leading to further administrative processes, which, in the majority of cases, are carried out through traditional methods. This involves time to obtain wet signatures, a great deal of paperwork, and time for the person or people in charge to update the information. Due to these reasons, the process can be updated partially or entirely to use digital means in order to solve the mentioned inconveniences. This paper presents a proof-of-concept system to offer a modernized and practical solution to this problem using the advantages of blockchain technology, and speeding up the process by using assets identified with UHF RFID technology to permit the reading of many tags that can be embedded and hidden with no need for line-of-sight, allowing fast ownership transfer, using smart contracts in the Ethereum private blockchain.

Systematic Literature Review and Bibliometric: Blockchain Technology in Archives

Disclosure of information makes it easy for the public to obtain information anytime and anywhere. New solutions for access control and monitoring of archives are urgently needed to keep things safe. Archival institutions as guarantors of the availability of information are expected to provide solutions and new ideas for developments in the implementation of national archives. Archiving in developed countries on blockchain technology is something new. The purpose of this research is to find out the advantages of blockchain technology in archiving and hope that readers or researchers benefit from Blockchain Technology research in archiving, which can be used for other research. Data collection techniques used the literature review method systematically and uses the VOSviewer application in this study and the findings of journal articles sourced from Scopus in 2017-2022.

An Artwork Rental System Based on Blockchain Technology

In recent years, due to the slowdown of the global economy and the instability of the stock market and real estate market, the art market has gradually become the third-largest investment market after the former two. As more and more funds flow into the art market, the two seemingly unrelated industries, art, and finance have increasingly close cooperation due to the growing prosperity of the art market. As a very important part of the process of art financialization, the development of art banks has also received extensive attention from all walks of life. In addition, blockchain, as a technology to jointly maintain reliable databases through trustlessness and decentralization, has grown rapidly in recent years, and is gradually applied in various fields. The advantages of blockchain technology are decentralization, anonymity, immutability, and traceability of stored information. The proposed scheme applies the characteristics of blockchain technology to Art Bank’s art rental system, and will have the following advantages: the use of Hyperledger technology, various art banks being merged into an alliance, and information among alliance members being shared, which is convenient for tenants to comprehensively query a single item. Using blockchain technology, in an environment where there is no central authority, under the premise of preventing the tampering of artwork-related information, ensures that the detailed information of the artwork is shared. Traditional leasing agreements can be compiled into smart contract leasing contracts to automatically run and manipulate data. The proposed protocol satisfies the following security requirements: identities’ mutual authentication, non-repudiation between every two parties, and other major security requirements based on blockchain. When a dispute arises, our proposed scheme also has an arbitration mechanism to clarify responsibilities.

Research on Supply Chain Finance Risk Management Application Based on Blockchain Technology

This study aims to explore the application of blockchain technology in supply chain finance risk management. By using the normative analysis method, a theoretical model of supply chain finance risk management based on blockchain technology is established, and its feasibility and effectiveness are analyzed. Through the analysis of the theoretical foundation of supply chain finance, the characteristics and advantages of blockchain technology, and the existing problems, this study proposes corresponding solutions. The research results show that the supply chain finance risk management model based on blockchain technology can effectively improve the efficiency and security of supply chain finance risk management.

Application of Network Security Technology Based on Blockchain Technology

This paper discusses the potential value of blockchain technology in the application of network security technology. Firstly, the challenges and problems faced by the current network security technology are analyzed. Then, combined with the advantages of blockchain technology, the specific application scenarios of blockchain technology in network security technology application are put forward, including identity authentication, data tamper prevention, secure communication and so on. Finally, the existing problems and development direction of blockchain technology in the application of network security technology are discussed. This paper aims to provide new ideas and methods for the research of network security technology application field.

Exploring the Construction of a Social Credit System Based on Blockchain Technology and Digital Trust

The degree of information transmission and trust are closely related, and in socio-economic activities, information transmission often faces difficulties such as fragmentation, distortion, inadequacy, and asymmetry. With the development of information technology, social relationships have been reconstructed, and traditional trust mechanisms based on acquaintances and institutional trust can no longer meet the transactional needs of socio-economic activities. Therefore, a new form of digital trust has emerged, with blockchain technology as an important foundation, which can construct more direct, efficient, and reliable trust relationships. The advantages of blockchain technology in information sharing, data authentication, and automated transactions are suitable for solving the difficulties of narrow credit data scope, poor timeliness, difficult aggregation, information silos, and unclear digital property rights in the construction of a social credit system. Based on this, a practical approach to the construction of a social credit system based on digital trust and blockchain technology is proposed.

A Narrative Review of Blockchain in Healthcare: Applications and challenges

Introduction: Healthcare as an industry has unique requirements such as patient security and privacy, interoperability, sharing, transmission, and access control of patient data. On the other hand, the advantages of blockchain technology and the compliance of these advantages with the requirements of the health industry have encouraged researchers to investigate the methods of applying blockchain in healthcare. The rapid increase in blockchain and health research has created many applications. Despite the high potential of this technology for health applications, there are still challenges to be reviewed. In this article, we provide a narrative overview of blockchain applications and challenges in the healthcare industry . Method : In this narrative review, published studies until October 2022 that were accessible in PubMed, IEEE Xplore, Web of Science, and Scopus databases were searched; from 254 related studies, 171 were identified by their titles, and finally, after applying inclusion and exclusion criteria, 30 articles were selected to be reviewed. Results: The results showed that 10 applications of blockchain technology in healthcare are as follows: safe sharing of health data, establishing electronic medical records, medical record tracking, opioid prescription tracking, deep learning, drug supply chain, clinical trials, COVID -19 pandemic management, and remote patient monitoring. The application of blockchain technology in healthcare also has challenges such as interoperability, security and privacy, immutability, scalability, patient engagement, transparency, and confidentiality . Conclusion : The compatibility between the requirements of the health industry and the characteristics of the blockchain has created a suitable platform for the use of this technology in the health industry. However, there are challenges in the path of these applications that must be solved .

BAC: A block alliance consensus mechanism for the mine consortium blockchain

AbstractSafety is an important issue in the mining industry and the Internet of Things (IoT) plays an important role to enhance the safety of the underground working environment. The IoT is used to transfer data generated by underground sensors to cloud storage for further processing. However, third‐party platforms are often a target for cyber attacks. Serious mining accidents might occur if the data were tampered with. In the overground scenario, the security of trading data is also an important issue. The Mine Consortium Blockchain (MCB) is proposed to solve the above problems. The MCB avoids the risk of centralized storage and enables data security, provenance and transparency by taking advantage of blockchain technology. The MCB platform ensures that only designated participants can process mineral data. Any violation is immutably recorded in the MCB and is easily traced back by other participants. Classical consensus mechanisms as the core technology of the blockchain cannot be directly and appropriately applied to the mining industry. A Block Alliance Consensus (BAC) mechanism, which is suitable for all consortium blockchain scenarios, is proposed to improve the performance of the MCB. In addition, the block structure of the underground sensor data is optimized: the blocks only contain a hash of the sensor data and the data being stored in the cloud. The efficiency of the BAC is demonstrated by simulation experiments where the performance of the BAC consensus mechanism is compared with with the performance of classical consensus mechanisms. The MCB and the BAC consensus mechanism were also implemented on Hyperledger Fabric. Finally the Hyperledger Caliper evaluation tool was used to evaluate the performance of the system.

On the Application Status and Optimization Path of Energy Blockchain Technology in Carbon Neutrality in Anhui Province

In response to the carbon peak and carbon neutral plan proposed by the General Secretary Xi Jinping, Anhui Province actively promotes the comprehensive green transformation of economic and social development, and helps to achieve accurate, scientific energy conservation and carbon reduction by making use of the characteristics and advantages of blockchain technology, such as chained data structure, decentralized distribution, smart contracts and open source programmability. On the basis of blockchain technology, "carbon index", energy trading and other theories, this paper combines blockchain technology with the work of energy conservation and carbon reduction in Anhui Province, and realizes the systematic construction of blockchain technology in energy conservation and carbon reduction by establishing a conceptual model of energy blockchain trading.

The state of the art of the electronic bill of lading

Background: The shipping industry is widely regarded as a slow adapting industry, for any innovation to be made there needs to be a real demand. One of these innovations is the electronic Bill of Lading. The need for an alternative to the expensive and slow traditional Bill of Lading has been rising since the beginning of the century. Now the digital revolution naturally introduced the electronic Bill of Lading, but its unclear legal status and different regulations in different countries make it hard to establish a worldwide solution. Nevertheless, there has been progress and the current focus on standardization along with the many advantages of blockchain technology may take it a step closer to a worldwide adoption. Methods: This paper aims to provide information about the most relevant providers of electronic bills of lading, with a clear focus on the underlying technology, in order to make a grounded analysis about each technological solution individually and in general. Results and Conclusions: The information presented was gathered by searching existing literature and public information from the technology providers, focusing on the technology and avoiding law matters.

A Nuanced perspective on blockchain technology and healthcare

The advantages of blockchain technology are numerous and its applications in healthcare industry are still under-estimated. In a context of increasing number of applications in healthcare sector it is important to adopt this technology in a way that is not at the origin of health issues for human beings. This short article discusses the potential side effects of a blockchain based healthcare industry that could mainly be due to the increasing needs in electricity for validation of all blockchain-based transactions\\records. This note explains how and why this aspect could eventually generate some crypto-damages and ultimately might generate health issues. The aim of this essay is to provide some thoughts on the way blockchain technology could (or could not) be implemented to ensure a real sustainable, ethical and consistent healthcare system.

Towards Blockchain-Based Document Authentication

Nowadays, with the massive development of technologies, documents are usually made, modified and published digitally. Unlike paper documents, digital documents are easily falsified, and it is difficult to verify the authenticity of these advanced documents in effective and fast ways. Mushaf Al-Quran is one of the most sensitive digital documents that deserves to be preserved due to the divine messages it carries. There is no way to maintain an immutable document, as today's blockchain technology has proven. Therefore, to take advantage of blockchain technology, this article presents a decentralized web application (dApp) to authenticate and verify the digital Mushaf based on smart contracts and the Ethereum network. The results show the efficiency of the blockchain technology in preserving immutable documents and its effectiveness in protecting and proving the authenticity of the digital Mushaf Al-Quran.

Blockchain Technology and Its Untapped Potentials in the Hospitality Industry

Blockchain technology has recently emerged as a contentious issue in academics and industry. Financial institutions have responded immediately to the adoption of blockchain technology. The remarkable features of this technology, such as high security, dependability, and efficiency, have made it extremely popular in the financial sector. However, the hospitality and tourism industries are blissfully unaware of this new blockchain technology and its exceptional services. Furthermore, the notion of blockchain is still foggy and poorly understood, and information on the level of knowledge and application of blockchain in the hospitality industry is very few. This research thus aims to highlight the blockchain's standard features, advantages, and applications in the hospitality industry. This study has been carried out based on secondary data sources. Specifically, journal articles, book chapters, organisational publications, website materials, and other sources have been used for data and information generation. To better operational efficiency and revenue generation and improve privacy and security, the study examines the consequences and several advantages of blockchain technology using secondary sources. The study contributes to a comprehensive understanding of blockchain technology and the benefits and diverse uses of blockchain technology in the hospitality industry.