Application Of Blockchain Technology Research Articles

Strategizing blockchain adoption in public cultural services: a comprehensive scoping review

PurposeThis paper explores the application of blockchain technology in the public cultural sector, where adoption remains limited despite its potential. The study identifies major use case scenarios and empirical examples of blockchain adoption in public sector cultural services through a scoping literature review.Design/methodology/approachA scoping literature review was conducted to map research and conceptual approaches to blockchain technology in the public cultural sector, focusing on key use cases emerging and empirical examples.FindingsThe review reveals that while blockchain has the potential to enhance public cultural services, its adoption is still in its early stages. Identified use cases include tokenization of cultural assets, digital rights management and decentralized funding models. Empirical examples in the public cultural sector are sparse, and the impact of the technology remains largely theoretical.Research limitations/implicationsThe study is limited by the scarcity of empirical data on blockchain adoption in public cultural services. Future research should focus on in-depth case studies and empirical analyses to understand the practical implications of blockchain in this sector.Practical implicationsPublic sector organizations offering cultural services may use these insights to guide blockchain adoption and implementation decisions.Social implicationsBlockchain adoption in public cultural services has the potential to democratize access, enhance transparency and foster community engagement, contributing to a more inclusive and participatory cultural ecosystem.Originality/valueThis paper contributes to the emerging discourse on blockchain in the public sector, focusing on the often-overlooked cultural services. It highlights the benefits and challenges of blockchain adoption in this sector, providing insights for future research and policy decisions.

A Systematic Literature Review of Blockchain-Based Triple-Entry Accounting in Crypto Assets

The digital revolution in accounting is a major change that affects the way we view, manage, and report financial information. One form of the digital revolution in accounting is the emergence of blockchain technology and Triple-entry Accounting (TEA). This research aims to examine the application of triple-entry accounting with blockchain in the recording of crypto assets. This research uses a qualitative approach with a systematic literature review using the WATASE UAKE platform. This method summarizes research from many sources into specific topics based on items determined by the researcher. The results show that the application of blockchain technology can help achieve a country's economic development goals and can establish more secure, transparent, and efficient business practices by reducing various existing risks.

Research on the Application of Blockchain Technology in Financial Risk Management

This paper explores the application of blockchain technology in financial risk management. By analyzing foundational blockchain concepts such as public and private chains, smart contracts, and consensus mechanisms, the paper first illustrates how blockchain is transforming financial risk management practices. Additionally, it highlights challenges related to scalability, interoperability, and regulatory/legal barriers. Finally, the paper discusses innovative opportunities that blockchain presents for financial risk management, aiming to provide financial institutions with new strategies and insights to tackle modern financial challenges.

Research on the Legal Risks of Digital Currency in the Big Data Environment

With the widespread application and growth of blockchain technology, cloud computing, and big data analytics in the financial industry, digital currencies have emerged. However, relevant regulations specifically targeting digital currencies have not been officially promulgated yet. In the process of promoting digital currencies, legal risks such as unclear boundaries of compensation liability, unclear ownership, potential privacy breaches, and financial regulatory challenges still need to be overcome. Therefore, it is essential to prioritize the prevention and management of legal risks associated with digital currencies in the big data environment, ensuring the smooth circulation and use of digital legal currencies across regions and promoting the internationalization and legalization of China’s digital legal currencies.

Exploring theoretical constructs of blockchain technology in banking: Applications in African and U. S. financial institutions

This review paper explores the theoretical underpinnings and practical applications of blockchain technology within the banking sectors of African and U.S. financial institutions. It delves into key theoretical constructs such as Distributed Ledger Technology (DLT), smart contracts, and cryptographic security, examining their potential to revolutionize banking operations through enhanced efficiency, security, and transparency. The paper contrasts the applications and challenges faced by banks in Africa and the U.S., highlighting the unique opportunities and hurdles in each region. Regulatory environments, technological barriers, and market potential are critically analyzed to understand the landscape of blockchain adoption in banking. The review underscores the transformative potential of blockchain in banking while suggesting areas for future research aimed at overcoming challenges and harnessing emerging opportunities for innovation and growth in the sector.

Accountant in the Industry 4.0 Era: The Need for Multidisciplinary Skills

Industry 4.0 impacts are severe to accounting field and its profession. The advent of Industry 4.0 technologies is revolutionizing the profession to another level. The automation of manual routine task, the emergence of data analytics, the application of blockchain technologies, the globalization and reforms in regulatory frameworks are reshaping accountants’ roles and direction under this new era. It forced accountants to diversify their knowledge beyond the field of accounting. Accountants are required to be an expert in various discipline and in different functions. In order to be cross-functional experts, accountants are demanded to acquire new skills that that were not previously required. For that reason, this study set to explore the new cross-disciplinary skills required for accountants in the era of Industry 4.0, which has been discussed and discovered from past literatures. At the same time, an analysis of transformation in accounting field driven by Industry 4.0 technologies is also included. This study is beneficial in providing meaningful insights on the impact of Industry 4.0 towards the accounting profession and preparing future accountants for the unexpected future. With this, it will help ensure future accountants are multidisciplinary experts and would remain current with industry trends.

Optimized application and potential impact of blockchain technology in carbon trading

The integration of blockchain technology with carbon trading opens up new avenues for carbon market optimization. The use of blockchain technology to address climate change is the main topic of this research. Using case studies as a basis, it examines how blockchain technology might help optimize the carbon trading market. It is discovered that the drawbacks and inefficiencies of the carbon trading market can be technically addressed by the current blockchain technology. Blockchain technology has been instrumental in increasing the market’s transparency and streamlining the trading procedure for carbon offsets. Green finance and blockchain technology work together to lessen “greenwashing” behavior, and their cooperation enhances the carbon trading market. This research offers a valuable resource for the enhancement and novelty of carbon trading methods, the growth of environmentally conscious financial enterprises, and the incorporation of the carbon market through the utilization of blockchain technology.

Blockchain Bottleneck Analysis Based on Performance Metrics Causality

With the widespread application of blockchain technology across various industries, detecting and analyzing performance bottlenecks is crucial for evaluating and optimizing blockchain system performance. However, current research needs general performance metrics for detecting and analyzing bottlenecks. Only some studies focus on this aspect within blockchain systems. To address this, this paper first proposes 18 fine-grained performance metrics to evaluate performance across various layers of blockchain systems comprehensively. Subsequently, we introduce a generalized loosely coupled performance measurement framework to capture these metrics and construct the causal relationship between them, i.e., the mesoscopic performance structure. This approach allows for the detection and analysis of performance bottlenecks. Finally, numerous experimental results demonstrate that the causality between the relevant performance metrics disappears when the system reaches a performance bottleneck. Additionally, the framework has a performance impact of less than 15% on ChainMaker.

Amplifying swift-trust, collaboration, and teamwork in warehouse management through blockchain-enabled technology

This study explores the application of blockchain technology in optimizing warehouse management, focusing on improving transparency, security, and operational efficiency. By utilizing a Blockchain-based Warehouse Platform (BCWP), the study enhances inventory tracking and supply chain transparency. A fuzzy-Delphi method was employed to identify and evaluate critical blockchain practices, with their relative importance assessed using the Best-Worst Method (BWM). The Combined Compromise Solution (CoCoSo) technique further ranked key performance outcomes. The findings reveal that practices such as quality inspection and information sharing play a pivotal role in boosting warehouse performance. Additionally, the integration of blockchain technology led to significant improvements in transaction speed and operational efficiency. This research contributes to the existing literature by providing a structured decision-making framework for blockchain implementation, offering practical insights for supply chain managers aiming to streamline warehouse operations and enhance decision-making processes.

Applications of Big Data and Blockchain Technology in Food Testing and Their Exploration on Educational Reform

This study reviews the applications of big data (BD) and blockchain technology in modern food testing and explores their impact on educational reform. The first part highlights the critical role of BD in ensuring food safety across the supply chain, discussing various data collection methods, such as national and international food safety databases, while addressing the challenges related to data storage and real-time information retrieval. Additionally, blockchain technology has been explored for its ability to enhance transparency, traceability, and security in the food-testing process by creating immutable records of testing data, ensuring data integrity, and reducing the risk of tampering or fraud. The second part focuses on the influence of BD and blockchain on educational reform, particularly within food science curricula. BD enables data-driven curriculum design, supporting personalized learning and more effective educational outcomes, while blockchain ensures transparency in course management and credentials. This study advocates integrating these technologies into curriculum reform to enhance both the efficiency and quality of education.

The artificial intelligence in auditing: Corporate behaviour and technological adoption in an emerging market

The objective of this research is to offer an empirically grounded assessment of the intention of the auditing profession to adopt "disruptive" technologies. This study investigates, using data collected from employees of the Big Four firms in Tunisia, the determinants that drive auditors to adopt blockchain technology (BT). To achieve this objective, in 2022, 53 auditors from the "big four" enterprises in Tunisia, including both certified auditors and auditing students in training, participated in a survey. The study employs statistical methods and ordinary least squares (OLS) regression to identify the associations between the intention to implement BT and the five variables under investigation. The study examines perceived utility, ease of use, trust, support cost (SC), and facilitating condition (FC) while drawing on a number of theories, including the Technology Acceptance Model (TAM). Results show that two factors, particularly perceived utility for auditing (PUA) practice and trust, drive auditing professionals' intention among Big Four companies to use BT. This study results illuminate the factors motivating Big Four companies to embrace BT, enabling the development of strategies to expedite the adoption and utilization of this technology in developing accounting and auditing firms. The study fills a gap in the literature about adopting BT in emerging economies by concentrating on this specific setting. This study contributes to the knowledge of technology adoption and provides valuable recommendations for accelerating the uptake and application of BT in this particular setting.

NexoNet: Blockchain Online Social Media with User-Centric Multiple Incentive Mechanism and PoAP Consensus Mechanism

Online social media (OSM) has revolutionized the manner in which communication unfolds, enabling users to spontaneously generate, disseminate, share, and aggregate multimedia data across the internet. Nevertheless, in this exchange of information, OSM platforms assume a dominant, central role, wielding excessive power. Blockchain online social media (BOSM) seeks to mitigate the drawbacks of traditional centralized OSM by leveraging the decentralized nature of blockchain technology, migrating the functionalities of social media into a decentralized realm, and positioning the users at the core of the OSM ecosystem. However, current BOSM models often rely on tokens for incentives and are hampered by the centralized, inefficient blockchain consensus mechanisms, alongside vulnerabilities such as collusion attacks. This paper introduces a novel blockchain system, NexoNet, tailored for decentralized social media, exploring the application of blockchain technology in the realm of online social media from both technical and economic perspectives. The NexoNet quantifies and evaluates user participation within the system, employing a multiple incentive mechanism to equitably distribute value created by users without the need for tokens. Furthermore, we propose the Proof-of-Active-Participation (PoAP) blockchain consensus mechanism, enabling all users to partake in the maintenance of the blockchain system, thus ensuring its security and efficiency. Theoretical analysis and simulations across various scenarios demonstrate that the NexoNet, with extensive user engagement, achieves equitable value distribution through its multiple incentive mechanism. It successfully safeguards against a spectrum of malicious attacks and attains high transaction processing efficiency. The simulation results show that NexoNet achieves an average transaction throughput of 2000 transactions per second (TPS) and a consensus delay of 2.385 s with 100 maintainers in the network. Furthermore, our tests demonstrated that even collusion with users comprising 75% of the total would only allow an additional 30 chances to propose a block. By deeply integrating user behavior with the underlying mechanisms of the blockchain system, the NexoNet fosters a user-centric blockchain social media ecosystem.

Research on the Application of Blockchain Technology in Cold Chain Logistics for Agricultural Products

With the continuous advancement of science and technology and the advent of the digital era, blockchain technology is increasingly demonstrating its great potential across various industries due to its unique features of decentralization, transparency, and immutability. In particular, in the cold chain logistics of agricultural products, the application of blockchain technology can not only enhance logistics efficiency but also ensure food safety and boost consumer trust. This paper first outlines the advantages of blockchain technology in cold chain logistics for agricultural products, and then clarifies the application pathways of blockchain technology in this field, providing a reference for relevant researchers.

Blockchain technology and consumers’ organic food consumption: a moderated mediation model of blockchain-based trust and perceived blockchain-related information transparency

Purpose While the application of blockchain technology in the organic food supply chain has been increasingly recognized, the extant knowledge of how blockchain-driven traceability influences consumer perceptions and purchase intentions remains underexplored. Grounded in the stimulus-organism-response theory, this study aims to construct a moderated mediation model to examine blockchain-enabled traceability’s direct and indirect impacts on organic food purchase intention through perceived blockchain-related information transparency, considering the moderating role of blockchain-based trust. Design/methodology/approach A purposive sample of 5,326 Vietnamese consumers was surveyed using the PROCESS macro to test the proposed hypotheses. Findings The findings indicate that blockchain-enabled traceability significantly enhances perceived blockchain-related information transparency, which positively influences organic food purchase intention. Furthermore, blockchain-based trust was found to positively moderate both the direct effect of transparency on purchase intention and the indirect impact of traceability on purchase intention through transparency. Practical implications Practical and managerial insights for stakeholders in the organic food sector are also discussed. Originality/value These results contribute to the literature by extending the stimulus-organism-response model to the context of blockchain technology in supply chains and highlighting the critical role of trust in moderating the effectiveness of technological innovations.

Blockchain-enabled verification of medical records using soul-bound tokens and cloud computing

The Crucial and costly process of verifying medical documents frequently depends on centralized databases. Nevertheless, manual validation of document verification wastes a great deal of time and energy. The application of Blockchain technology could potentially alleviate the problem by reducing fraud and increasing efficiency. Non-transferable Soul-bound tokens (SBTs) can be a safe and unbreakable way to authenticate medical records by generating encrypted code, which allows the user to authenticate a portion of data. Within the paper, we provide a blockchain-based SBT-based automatic mechanism for authentication and verification of records. Soul-bound tokens generate a decentralized, immutable identity or credential system that is tied to a record. Through cloud computing, the system can reduce the verification time by accessing a decentralized database. Blockchain systems can lower platform costs and determine the optimal allocation of resources across a dispersed network by utilizing deep learning algorithms. Two advantages of utilizing blockchain technology are less fraud and increased efficiency. SBTs and cloud computing enable the procedure to be expedited and decentralized databases to be readily available. The suggested system’s scalability and potential uses in other industries may be the subject of future research.

Blockchain in Closed-Loop Supply Chain: A Systematic Review and Future Research Agenda

This article investigates the potential applications of blockchain technology (BCT) in a closed-loop supply chain (CLSC) using a systematic review of the literature. As a result, this study has used the Scopus database for a detailed search strategy to identify relevant studies on different applications of BCT in the context of CLSC. This article has employed a theme analysis approach and focuses specifically on peer-reviewed documents. Based on the themes and sub-themes, the CLSC literature has been divided into four clusters: ‘Barriers and enablers of blockchain implementation’, ‘Blockchain application in sustainability’, ‘Blockchain application in enabling soft supply chain dynamics’ and ‘Blockchain application in addressing inventory and other problems’. These four clusters are analysed to present future research areas on BCT applications in a CLSC, using a ‘results-systematization framework’. This study will provide valuable insights and understanding to researchers in advancing BCT-CLSC research. Moreover, practitioners and policymakers, who are interested in the implementation and execution of firm-level BCT in CLSC, will be greatly benefitted in terms of sustainable and efficient CLSC operations.

Penerapan Teknologi Blockchain Dalam Perspektif Akuntansi, Apakah Tepat Guna?

Today's technological advancements have made work more efficient. One of the breakthroughs in accounting technology is blockchain. This innovative system involves a distributed ledger that uses hashes to grant access to all users. For data accuracy, each user verifies the information before it is stored and shared with blockchain-connected users. This research aims to provide an understanding and overview to consider the application of blockchain technology in accounting based on developments that occur in blockchain. It is expected that this research can provide knowledge for practitioners and academics regarding the application of blockchain in an accounting perspective. This research uses a qualitative approach with a literature review method that utilizes secondary data. Researchers use innovation diffusion theory (IDT) to explain the developments that occur in blockchain. Data sources are obtained from journal articles, books, proceedings, websites and other relevant sources. As a result, the application of blockchain has the potential to change the current accounting paradigm and have a major impact on the accounting profession. A decentralized system helps transparency and accountability of information data. The use of smart contract systems and supporting triple entry systems increases the reliability of information on financial statements, reduces accounting fraud. Innovation in blockchain technology is also appropriate if its application is in accordance with the needs of the organization, so it is important for companies to prioritize needs and know the obstacles in their application.

The Impact of Blockchain Technology on E-commerce Product Development: Case Studies of Walmart and LVMH

In the current digital era, the emergence of blockchain technology has profoundly impacted business models, especially in e-commerce. Blockchain technology brings new opportunities and challenges to product sales, transactions, and management. This study examines the impact of blockchain technology on the development of e-commerce products, particularly through the cases of Walmart and Louis Vuitton (LVMH). It demonstrates the application of blockchain and its effects on product traceability, anti-counterfeiting verification, data transparency and privacy protection. It was found that blockchain technology improves data security and user trust, reduces transaction costs, and enhances supply chain management efficiency. However, blockchain also needs help regarding energy consumption, performance bottlenecks, privacy protection, inconsistent technical standards, and unclear laws and regulations. It is necessary to take appropriate measures to reduce risks and ensure the effective application of technology. This study concludes with a series of recommendations to promote the effective application of blockchain technology in e-commerce to facilitate the e-commerce industry's sustainable development.

Decentralized Integrity: Blockchain-Based Frameworks for Enhancing Software Update Security

This article examines the application of blockchain technology as a solution for secure and transparent software update distribution. As cyber threats evolve, traditional centralized update mechanisms face increasing vulnerabilities to tampering and unauthorized modifications. We propose a blockchain-based framework that leverages distributed ledger technology to create an immutable, decentralized environment for software updates. Our article demonstrates how this approach can eliminate single points of failure, ensure update integrity through cryptographic signing and network-wide verification, and enhance transparency in the update process. We discuss the system architecture, including update creation, distribution, and verification mechanisms, and evaluate its integration with existing software ecosystems. While acknowledging challenges such as scalability and implementation costs, we argue that blockchain-based solutions significantly advance securing software distribution. Our findings suggest that this approach has the potential to become a standard practice in the industry, substantially improving trust and reliability in software update systems. This article contributes to the growing body of research on blockchain applications in cybersecurity and provides insights for future developments in secure software distribution methods.

Blockchain Based Decentralized Storage Drive

The "Decentralized Storage Drive" project introduces a secure, blockchain-based platform for decentralized data storage and sharing. By integrating the Interplanetary File System (IPFS) for decentralized storage, the platform ensures that data remains immutable and resistant to censorship. Solidity smart contracts deployed on the Ethereum blockchain provide robust mechanisms for access control, allowing users to manage data ownership and permissions without relying on centralized authorities. A React-based front- end interface simplifies user interaction, enabling seamless data upload and access management. This project addresses critical issues related to data privacy, security, and ownership, offering a user-friendly solution that empowers individuals with greater control over their digital assets. Throughout the development of this project, a focus on security, user control, and decentralization has been paramount. The rigorous testing of smart contracts and the integration of secure authentication methods ensure that the platform is both reliable and resilient to potential threats. The "Decentralized Storage Drive" represents a significant advancement in the field of decentralized applications, demonstrating the practical application of blockchain technology in everyday data management. Key Words: Decentralized Storage, Blockchain Technology, IPFS(InterPlanetary File System), Smart Contracts, Data Integrity, Access Control