Benefits Of Blockchain Technology Research Articles

Developing a framework for integrating blockchain technology into earthquake risk mitigation and disaster management strategies of smart cities

PurposeEarthquakes pose a significant challenge to human safety and the durability of infrastructure, highlighting the urgent need for innovative disaster management strategies. This study addresses the gap in current earthquake disaster management approaches, which are often related to issues of transparency, centralization and sluggish response times. By exploring the integration of blockchain technology into seismic hazard management, the purpose of the research is to overcome these limitations by offering a novel framework for integrating blockchain technology into earthquake risk mitigation and disaster management strategies of smart cities.Design/methodology/approachThis study develops an innovative approach to address these issues by introducing a blockchain-based seismic monitoring and automated decision support system for earthquake disaster management in smart cities. This research aims to capitalize on the benefits of blockchain technology, specifically its real-time data accessibility, decentralization and automation capabilities, to enhance earthquake disaster management. The methodology employed integrates seismic monitoring data into a blockchain framework, ensuring accurate, reliable and comprehensive information. Additionally, smart contracts are utilized to handle decision-making and enable rapid responses during earthquake disasters, offering an effective alternative to traditional approaches.FindingsThe study results highlight the system’s potential to foster reliability, decentralization and efficiency in earthquake disaster management, promoting enhanced collaboration among stakeholders and facilitating swift actions to minimize human and capital loss. This research lays the foundation for further exploration of blockchain technology’s practical applications in other disaster management contexts and its potential to transform traditional practices.Originality/valueCurrent methodologies, while contributing to the reduction of earthquake-related impacts, are often hindered by limitations such as lack of transparency, centralization and slow response times. In contrast, the adoption of blockchain technology can address these challenges and offer benefits over various aspects, including decentralized control, improved security, real-time data accessibility and enhanced inter-organizational collaboration.

The Blockchain: Opportunities for Research in Information Technology

Blockchain technology has come to be seen as a radically different kind of information technology due to its role as a disruptive agent that challenges incumbent actors and their assumptions. With this research paper, I cover the basics and benefits of blockchain technology as well as its possible industries residing, organization and even changing. The blockchain is a decentralized database technology, which had brought the rise and the existence of cryptocurrencies. Similar to Bitcoin, the magnitude of its operation is wielded not only for digital currency. This article will be carrying on the matter of blockchain systems type diversity with public, private, and consortium chains detailed, and the role of the network nodes in achieving consensus being specified. Keywords: - Cryptocurrencies (e.g., Bitcoin, Ethereum), Smart contracts, Digital Signatures, Supply chain applications, Blockchain applications, Blockchain in finance and healthcare

Copula: a decentralized solution for construction project monitoring using blockchain

PurposeThis study aims to introduce and evaluate the COPULA framework, a construction project monitoring solution based on blockchain designed to address the inherent challenges of construction project monitoring and management. This research aims to enhance efficiency, transparency and trust within the dynamic and collaborative environment of the construction industry by leveraging the decentralized, secure and immutable nature of blockchain technology.Design/methodology/approachThis paper employs a comprehensive approach encompassing the formulation of the COPULA model, the development of a digital solution using the ethereum blockchain and extensive testing to assess performance in terms of execution cost, time, integrity, immutability and security. A case analysis is conducted to demonstrate the practical application and benefits of blockchain technology in real-world construction project monitoring scenarios.FindingsThe findings reveal that the COPULA framework effectively addresses critical issues such as centralization, privacy and security vulnerabilities in construction project management. It facilitates seamless data exchange among stakeholders, ensuring real-time transparency and the creation of a tamper-proof communication channel. The framework demonstrates the potential to significantly enhance project efficiency and foster trust among all parties involved.Research limitations/implicationsWhile the study provides promising insights into the application of blockchain technology in construction project monitoring, future research could explore the integration of COPULA with existing project management methodologies to broaden its applicability and impact. Further investigations into the solution’s scalability and adaptation to various construction project types and sizes are also suggested.Originality/valueThis research offers a comprehensive blockchain solution specifically tailored for the construction industry. Unlike prior studies focusing on theoretical aspects, this paper presents a practical, end-to-end solution encompassing model formulation, digital implementation, proof-of-concept testing and validation analysis. The COPULA framework marks a significant advancement in the digital transformation of construction project monitoring, providing a novel approach to overcoming longstanding industry challenges.

Blockchain Enabled Smart Contracts for Digital Assets

The diverse applications and benefits of blockchain technology and smart contracts across various sectors are explored in this overview. Decentralized Finance (DeFi) projects, supply chain management, tokenization of assets, NFT platforms, and identity verification stand out as prominent examples. Smart contracts are lauded for their cost efficiency and security, underpinned by blockchain's cryptographic features that fortify system integrity. Blockchain's global accessibility facilitates cross-border transactions, while decentralized exchanges (DEX) mitigate censorship and counterparty risks, empowering users with asset control. Moreover, blockchain expands investment opportunities through asset tokenization, encompassing diverse classes such as real estate and intellectual property, bolstering security and transparency through immutable ownership records. Oracles play a vital role in integrating real-time data into DeFi ecosystems, informing decision-making by linking off-chain data with blockchain networks.Diverse token standards like ERC-20 and ERC-721 are pivotal, catering to fungible and non-fungible token ecosystems respectively. Lastly, the advantages of proof of stake (PoS) over proof of work (PoW) are highlighted, emphasizing PoS's energy efficiency, transaction throughput, and scalability

Blockchain revolutionizes entrepreneurial and marketing capabilities in health tourism

ABSTRACT The benefits of blockchain technology in the tourism industry have increased tourist satisfaction by enhancing security, eliminating existing intermediaries, and improving transparency. This study aims to investigate the effects of blockchain technology benefits on entrepreneurial capabilities, marketing capabilities, and marketing performance of hospitals operating in the health tourism industry. This research applied descriptive-analytical survey used convenience sampling to enrol 187 marketing managers working in medical centres and private hospitals active in the Iranian health tourism industry. The data were collected using the field (questionnaire) method, and analysed in SmartPLS using the partial least squares structural equation modelling (PLS-SEM) method. Blockchain technology benefits had significant positive effects on entrepreneurial capabilities, marketing capabilities, and marketing performance of medical centres and hospitals active in the health tourism industry. The findings make several contributions to the literature on health tourism, particularly in the areas of marketing and entrepreneurship. The research results also highlight the advantages of blockchain technology for managers and entrepreneurs in health tourism hospitals and firms.

Assessing the viability of blockchain technology for enhancing court operations

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.

AGRICULTURE 4.0: IMPACT AND POTENTIAL CHALLENGES OF BLOCKCHAIN TECHNOLOGY IN AGRICULTURE AND ITS MANAGEMENT

Information technology can be used to make the best use of things like water, fertilizer, and pesticides in agriculture. Farmers can make better decisions about how to use their resources, reduce waste, and have less of an effect on the environment by using sensor-based monitoring, data analysis, and precision farming techniques. Information technology can make the agricultural supply chain more open, so that consumers and other stakeholders can find out where agricultural products come from and how they are made. The authors looked at articles that had been published in journals before and gave up-to-date information about how blockchain technology could affect agriculture and how it is run. The authors did a descriptive narrative evaluation of how blockchain technology affects agricultural business. They looked at the challenges and benefits of blockchain technology in agriculture. The writing process took four months (between January 2023 and April 2023). We searched databases such as PubMed, Z-library, Publons, Medline, JSTOR, and Google Scholar and obtained original and review articles published in various journals, textbooks, and review papers. Conclusively, one of the primary challenges in agricultural business management is ensuring that farmers, especially those in remote or economically disadvantaged areas, have access to the necessary technology. This includes access to affordable hardware, software, and internet connectivity. Unequal access to technology can result in a digital divide, where some farmers are unable to take advantage of the benefits of information technology in agriculture. This review demonstrated that farmers and agribusinesses need to implement robust data privacy and security measures to protect their information from cyber threats and ensure compliance with relevant data protection regulations.

Designing an integrated blockchain-enabled supply chain network under uncertainty

With the development of communication infrastructure, the design of supply chains has changed significantly. Blockchain technology, as one of the most cutting-edge technologies, can promote transparency among members of the supply chain network. To the best of our knowledge, this is the first study that tries to develop a novel bi-objective optimization model to integrate the transparency resulting from the use of blockchain for designing a three-level supply chain network. The first objective function is to minimize total cost while the second objective function seeks to maximize transparency based on the application of blockchain technology. Moreover, it is worth noting that it is the first attempt to investigate the role of a blockchain model under stochastic conditions. The bi-objectiveness and stochastic nature of the proposed model are then treated using Fuzzy Goal Programming (FGP) and Chance-Constrained programming (CCP) approaches, respectively. To tackle the problem, an improved Branch and Efficiency (B&E) algorithm is developed by incorporating transparency along with cost and service. The impacts of blockchain exclusively through transparency (Case 1) or through transparency, cost, and benefits (Case 2) in Supply Chain Design (SCD) are compared. The results demonstrated that the first case has less computational complexity and better scalability, while the second case has more transparency, less congestion, and more security. As one of the main implications, supply chain managers who are focused on cost minimization as well as transparency maximization are advised to take into account the trade-off between featuring costs and benefits of blockchain technology.

Blockchain Technologies in Healthcare System for Real Time Applications Using IoT and Deep Learning Techniques

Data transparency, flexible access, immutability, privacy, audit, traceability, data provenance, trust, and security are fundamental issues for modern healthcare data management systems. As a promising new technology, blockchain has the potential to enhance healthcare data management functions by boosting data efficiency and guaranteeing trust. The present research looked into the benefits of blockchain technology in healthcare and the challenges that have prevented its widespread implementation so far. Healthcare organisations around the world are using a variety of methods to modernise into more effective, coordinated and user-cantered structures. There is an increase in both human effort and security risks when dealing with massive amounts of data, such as reports and images for each individual. Internet of Things (IoT) solutions in healthcare aim to address these problems by enhancing patient care while reducing costs through more effective use of healthcare resources. However, many different types of intrusion can pose serious risks to IoT devices. In some cases, doctors will insist that their patients use only certain labs or pharmacies, regardless of the quality of the services they provide, simply to increase the doctor's bottom line. Because of this, protecting data is essential when discussing the Internet of Things. To solve these problems, Blockchain technology has emerged as the most reliable method for protecting the privacy of control systems in real time. In this paper, we will introduce a CNN-based healthcare data security framework using the blockchain technique by generating the hash of each data point, which will alert all users of the blockchain network to any unauthorised changes to data or breaches in the supply of medicines.

Barriers Affecting Higher Education Institutions’ Adoption of Blockchain Technology: A Qualitative Study

Despite the many benefits of blockchain technology in higher education, this technology is not widely adopted by Higher Education Institutions (HEIs). Therefore, instead of providing additional motives for adopting blockchain technology, this research tries to understand what factors discourage HEIs from merging blockchain with their procedures. The methodology used for this research is based upon qualitative research using 14 interviews with administrative and academic staff from the European Union (EU) and Canada. Our findings based on our empirical data revealed 15 key challenges to blockchain adoption by HEIs that are classified based on the technology, organization, and environment (TOE) framework. Theoretically, this study contributes to the body of knowledge relating to blockchain technology adoption. Practically, this research is expected to aid HEIs to assess the applicability of blockchain technology and pave the way for the widespread adoption of this technology in the educational field.

Leveraging Blockchain Technology in Supply Chain Sustainability: A Provenance Perspective

Technological advancements in the past few decades have played a critical role in enhancing supply chain management from varied dimensions. While advancements in information technology have significantly improved various facets of the supply chain, supply chain visibility still lags in tracking and tracing capabilities. The disruptive and emergent blockchain technology (BCT) presents enormous potential to address issues of supply chain sustainability. This paper seeks to evaluate the proximity of BCT to resolve provenance issues throughout the supply chain. The research considers the immaturity of BCT alongside limited success stories in supply chain management. It uses a content analysis methodology to examine recent literature about using BCT in supply chain sustainability and provenance. A conceptual model for using BCT to create an enabled, visible, and sustainable supply chain is provided to frame the investigation. Findings reveal that the benefits of BCT have mostly been conceptually demonstrated in the sustainable supply chain literature, but with few practical applications. Moreover, technically driven challenges including scalability and control are still prevalent. It reaffirms the fact that participants within a blockchain enabled supply chain network must be at the same level of knowledge regarding the technology and its functionality. The study also indicates evidence of a growing research interest in the niche, which will eventually bring about solutions to address ongoing challenges faced by BCT in its integration into supply chain management. These findings contribute to the literature about improving the security and utility of supply chain sustainability and provenance by using BCT.

Blockchain technology: a catalyst for reverse logistics of the automobile industry

PurposeIn recent times, reverse logistics (RL) is gaining significant traction in various automobile industries to recapture returned vehicles’ value. A good RL program can lower manufacturing costs, establish a green supply chain, enhance customer satisfaction and provide a competitive advantage. However, reducing disruptions and increasing operational efficiency in the automobile RL requires implementing innovative technology to improve information flow and security. Thus, this manuscript aims to examine the hurdles in automobile RL activities and how they can be effectively tackled by blockchain technology (BCT). Merging BCT and RL provides the entire automobile industry a chance to generate value for its consumers through effective vehicle return policies, manufacturing cost reduction, maintenance records tracking, administration of vehicle information and a clear payment record of insurance contracts.Design/methodology/approachThis research is presented in three stages to accomplish the task. First, previous literature and experts' opinions are examined to highlight certain factors that are an aggravation to BCT implementation. Next, this study proposed an interval-valued intuitionistic fuzzy set (IVIFS) – decision-making trial and evaluation laboratory (DEMATEL) with Choquet integral framework for computing and analyzing the comparative results of factor interrelationships. Finally, the causal outline diagrams are plotted to determine the influence of factors on one another for BCT implementation in automobile RL.FindingsThis study has categorized the barriers to BCT implementation into five major factors – operational and strategical, technical, knowledge and behavioral, financial and infrastructural, and government rules and regulations. The results revealed that disreputable technology, low-bearing capacity of IT systems and operational inefficiency are the most significant factors to be dealt with by automobile industry professionals for finer and enhanced RL processes utilizing BCT. The most noticeable advantage of BCT is its enormous amount of data, permitting automobile RL to develop client experience through real-time data insights.Practical implicationsThis study reveals several factors that are hindering the implementation of BCT in RL activities of the automobile industry. The results can assist experts and policymakers improve their existing decision-making systems while making an effort to implement BCT into the automobile industry's RL activities.Originality/valueAlthough there are several studies on the benefits of BCT in RL and the adoption of BCT in the automobile industry, individually, none have explicated the use of BCT in automobile RL. This is also the first kind of study that has used IVIFS-DEMATEL with the Choquet integral framework for computing and analyzing the comparative results of factor interrelationships hindering BCT implementation in automobile RL activities.

SYSTEM FOR DETECTING FAUX PRODUCTS

As a disruptive technology, blockchain technology has the potential to eliminate the problem of product counterfeiting in supply chains. A blockchainbased platform, on the other hand, charges legal producers and retailers an operational fee for product tracking and authentication. We use enterprise profitdriven analytical models based on Stackelberg equilibrium theory in this work to demonstrate the benefits of blockchain-supported e-commerce platforms in combating product counterfeiting. We evaluate the profitability of all actors in two separate supply chains, traditional and blockchain-supported, to determine the true benefits of blockchain technology. Manufacturers, merchants, and customers do not necessarily benefit from the use of blockchain technology, according to the findings. When a genuine company's manufacturing costs are sufficiently high, however, blockchain technology allows the manufacturer to make more money. Furthermore, in a price-sensitive market, a retailer is more likely to trade on a blockchainsupported e-commerce platform if the retailer's qualification in the platform is lower than in a traditional supply chain and the counterfeit manufacturer's manufacturing cost in the platform is higher than in a traditional supply chain.

A Review on Understanding Blockchain Technology in Global Supply Chains; Opportunities and Challenges for Agribusinesses

The present study was conducted to systematically investigate blockchain technology adopted in global supply chains, its potential opportunities and challenges of implementation. The Mendeley database was used to gather English papers on the blockchain domain. Descriptive findings from the review showed that research on the topic was predominant in 2020, which could be attributed to the COVID-19 outbreak. Also, transparency, trust-building and traceability were the most acknowledged benefits of blockchain technology in supply chains. Despite these benefits, some underlying challenges impeding blockchain implementation include the high cost of adoption, limited knowledge on blockchain architecture, and lack of formal laws and regulations of blockchain platforms. Therefore, it is recommended that intense education and capacity-building training should be channelled to supply-chain firms. Further, government and stakeholders should focus on scaling the blockchain-enabled supply chain to ensure the continuous distribution of goods and services in the wake of any unforeseen pandemic such as COVID-19. As such, research targeted at investigating small-scale agribusinesses' readiness to accept blockchain technology would be necessary.

A Review of the Significance of Block Chain Technology in Tanzania

A block chain refers to a distributed ledger that contains digital information that has been shared among various parties. It is different from other online platforms as it is more secure and difficult to duplicate. Thus, transactions that are shared on the blockchain platform cannot be compromised in any way.Block chain technology has gained significant recognition recently due to the merits that it offers to various businesses. Some of these benefits include reduced paperwork, more transparency, and security.Although, several African countries such as Ghana, Kenya, and Ethiopia have adopted block chain technology to enhance their businesses, the implementation of this technology in Tanzania is still lagging. To address this gap, this paper highlights the benefits of block chain technology and underlines the significance of adopting such a technology in various sectors in Tanzania. For instance, it has been noted that in the Tanzanian healthcare system patient records are being maintained manually, which makes it difficult for doctors to access the medical history of patients. Furthermore, there is also a tendency for medical reports to be stolen and tampered with. In contrast, it has been identified that land registration in Tanzania is weak and is mainly affected by bureaucracy, corruption, and lack of transparency. Furthermore, having such a weak land registration system has resulted in many impediments to society, such as conflicts which have resulted in the loss of life and property. In the Tanzanian banking sector, it has been identified that network failure, poor security, theft of funds are still issues that interfere with the effective performance of banks. In light of these drawbacks, the implementation of block chain technology can offer improved systems in Tanzania such as enhanced security in managing patient records, transparency in land registration systems and minimization of fraud in banks. Thus, in recognising the significance of blockchain technology in Tanzania, it is imperative for the government as well as various businesses sectors to invest in blockchains in order to derive the benefits. Keywords : Block chain technology, Tanzania, Transparency, Increased Security, Digital Tracking DOI: 10.7176/EJBM/13-16-01 Publication date: August 31 st 2021

Cardinal Metrics in Blockchain Functioning

Blockchain technology has been acquiring pace in deployments and implementations across globe vide association with large number of domains apart from widely known finance domain. These deployments are variegated in designs, have various architectures and possess functional differences. The commonality exists in deriving the benefits of blockchain technology through various technical variants of the widely known bitcoin blockchain architecture. Though still in evolving stage, the blockchain technology has been able to make an absolute mark in the industries, corporate and governance mechanisms to affirm that it’s part of a definite future. With devices estimate up to 50 billion in ecosystem of Internet-of-Things by 2025, the blockchain technology is soon going to be an integral part of future smart world. The deployment of any blockchain architecture might be able to accomplish the functional requirements as per design but the measurement of desired blockchain performance persists on a lot of parameters which need a balance and fine tuning established on purpose it has been designed for. In current times, transaction commit delays are being observed in bitcoin ecosystem. This paper identifies parameter effects on a bitcoin blockchain and measures the performance vide a bitcoin simulator effecting into tuning parameters like block size, blocks and number of nodes to analyze performance. The tuning effects into blockchain performance has been quantified, analyzed and discussed with focus on measuring and reducing the transaction propagation delays in a bitcoin environment. The paper concludes with heat map modeling plotted on Jupyter notebook with datasets derived.

On the continuous contract verification using blockchain and real-time data

Supply chains play today a crucial role in the success of a company’s logistics. In the last years, multiple investigations focus on incorporating new technologies to the supply chains, being Internet of Things (IoT) and blockchain two of the most recent and popular technologies applied. However, their usage has currently considerable challenges, such as transactions performance, scalability, and near real-time contract verification. In this paper we propose a model for continuous verification of contracts in supply chains using the benefits of blockchain technology and real-time data acquisition from IoT devices for early decision-making. We propose two platform independent optimization techniques (atomic transactions and grouped validation) that enhances data transactions protocol and the data storage procedure and a method for continuous verification of contracts, which allows to take corrective actions to reduce operational costs and increase benefits in current supply chains. An automatic deployment of a large scale distributed business logic system using virtualized appliances is also proposed. Evaluation results show the feasibility or the solution proposed.

THE UNCLAIMED INHERITANCE ISSUES: A SOLUTION USING BLOCKCHAIN TECHNOLOGY

Unclaimed inheritance retards the economy as well as the continuity of life, especially for beneficiaries who are less capable. Recorded cases of unclaimed inheritance have seen a yearly rise, and this also has an effect on the Malaysian economy, mainly due to the failure to distribute immoveable property, such as the failure to transfer the ownership of land and houses. This causes the land to become abandoned and underdeveloped. Hence, various measures are needed to solve the unclaimed inheritance problem and contemporary technology should be fully utilised to overcome this problem. This study intended to explore the benefits of blockchain technology for solving the unclaimed inheritance problem. Blockchain technology is a database system that replaces the traditional system with various advantageous, which makes organisational management more effective and systematic. This technology supports the implementation of a smart contract, which acts as a medium for managing inheritance distribution to ensure no beneficiaries is left out and receives the rightful share. A smart contract is an agreement in digital form that uses a certain protocol and only applies to the relevant parties. This study applied the qualitative approach and a descriptive research design. Data collected through document analysis and interview methods. Data from the document analysis method involved primary and secondary sources, while the semi-structured interview method was used for field studies. Findings showed that the blockchain technology is an appropriate solution for solving unclaimed inheritance problems. However, a blockchain based smart contract requires the cooperation between the party authorised to distribute inheritance property and the banks as well as other government agencies in order to ensure that the inheritance distribution process is carried out smoothly. This study benefits the authorities in charge of inheritance management as well as act as a guide for future researchers. This study offers a theoretical solution for solving the distribution of unclaimed inheritance by using blockchain based smart contract.

Some aspects of using blockchain in supply chain management in the framework of achieving sustainable development goals

The practical implementation of sustainable development outlined in Agenda 2030 requires the appliance of effective tools. In the context of global digital management, blockchain technology which is now actively used in logistics and supply chain management, can serve as such. The article highlights some of the benefits of blockchain technology for achieving sustainable development goals. The blockchain technology itself is briefly described. Examples of the use of blockchain technology in various elements of supply chain management are presented.

Need for Legal Regulation of Blockchain and Smart Contracts in the Shipping Industry

The paper analyzes the potential impact of blockchain technology and smart contracts on the shipping industry. As the shipping industry represents a complex system of various actions that have to be controlled and registered, blockchain technology could serve as a tool to allow the streamlining of numerous processes, whilst at the same time taking the human factor out of multiple elements where trust between involved parties is an issue. The authors therefore first present how blockchain technology works and what smart contracts are, in order to give an insight into their applicability in the shipping sector. After a general overview of the technological and legal characteristics of blockchain technology and smart contracts, the authors present examples of relevant subjects, relations, and contracts in the shipping industry. Based on the charter party, a key contract in the shipping industry, the authors present the existing problems which could potentially be solved using blockchain technology. Besides the benefits of blockchain technologies, the authors furthermore point out the existing deficiencies that still make blockchain technology hard to apply in legal relations within the shipping industry. Based on these insights, the authors highlight the current developments in this area and present the existing and expected regulatory reforms of blockchain solutions and smart contracts within the European Union.