Impact Of Blockchain Technology Research Articles

Blockchain technology roles to overcome accounting, accountability and assurance barriers in supply chain finance

PurposeKnow your customer (KYC), accounting standards, issuance, clearing, and trade settlement became the major barrier to implement accounting, accountability and assurance process in supply chain finance (SCF). Blockchain technology features have the potential to solve accounting problems. This research focuses on exploring how blockchain technology provides solutions to overcome the barriers of accounting process in SCF. The benefits, opportunities, costs and risks related to blockchain adoption are also explored.Design/methodology/approachMulti-case study and qualitative methods are used with a framework based on blockchain role to overcome the accounting process barriers. Ten blockchain projects in SCF and 29 interviews of participants as a unit of analysis are considered.FindingsThe findings indicate that blockchain technology offers solutions to solve accounting, accountability and assurance problems in SCF. Validity, verification, smart contracts, automation and enduring data on trade transactions potentially solve those barriers. However, it is also necessary to consider costs such as implementation, technology, education and integration costs. Then there are possible risks such as regulatory compliance, operational, code development and scalability risk. This finding reflects the current status of blockchain technology roles in SCF.Research limitations/implicationsThis study unveils blockchain's SCF accounting potential, emphasizing multi-case method limitations and future research prospects. Diverse contexts challenge findings' applicability, warranting cross-industry studies for deeper insights. Addressing selection bias and integrating quantitative measures can enhance understanding of blockchain's accounting impact.Practical implicationsAccounting professionals can get an idea of the future direction and impact of blockchain technology on accounting, accountability and assurance processes.Originality/valueThis study provides initial findings on the potential, costs and risks of blockchain that is beneficial for parties involved in SCF, especially for banks and insurance underwriters. In addition, the findings also provide direction for the contribution of blockchain technology to accounting theory in the future.

The impact of blockchain technology on supply chain efficiency: A review

As intricate global trade demands new solutions, traditional supply chains struggle with opacity, traceability, and security concerns. In response to the present apprehensions, Blockchain technology (BT) offers an appealing solution through its decentralised and transparent ledger. This paper critically examines the transformative impact of BT on supply chain efficiency, exploring its potential to revolutionise traditional, often opaque, and error-prone systems. This study utilises a systematic literature review of 75 selected papers to provide insights into how blockchain technology is integrated into supply chain management, showcasing its potential. The paper aims to provide a balanced and nuanced perspective on the impact of blockchain technology on supply chain efficiency. It highlights the transformative potential of this technology while emphasising the need for careful consideration of its challenges and limitations before wide-scale adoption.

A study on the impact of blockchain technology on Islamic financial system: Challenges and opportunities

A study on the impact of blockchain technology on Islamic financial system: Challenges and opportunities

The impact of blockchain technology on customer attitude and behavioral intentions in the banking sector

This study examines customer attitudes towards blockchain technology (BCT)-supported banking applications in Oman and explores the relationship between these attitudes and behavioral intentions, highlighting the influencing factors. Blockchain Technology (BCT) has disrupted the banking sector, but understanding customer attitudes towards BCT-supported banking applications and their impact on behavior remains limited. In pursuit of this objective, a quantitative research design was employed, involving the collection of data from retail bank customers in Oman through a structured questionnaire. The collected data underwent rigorous analysis using a robust Structural Equation Model, confirming the constructs' validity, reliability, and distinctiveness. The study uncovered that BCT has a positive impact on various aspects of the banking sector, including customer service quality, regulatory compliance, secured transactions, and cost reduction. By augmenting transparency, efficiency, and trust in banking transactions, BCT significantly improves customer attitudes towards BCT-supported banks. Furthermore, the research reveals that positive attitudes play a pivotal role in influencing customers' intentions to prefer and continue using these blockchain-backed banks. The study also highlights the importance of trust factors and transaction frequency as moderators in shaping customer attitudes and behavioral intentions in this context. The insights gleaned from this research hold practical significance for banks operating in Oman, offering guidance for tailored marketing campaigns, product design, and aligning their offerings with customer expectations in the realm of blockchain-supported banking applications. Additionally, the study provides practical recommendations for the successful implementation and adoption of blockchain-supported financial applications within the banking sector.

Block by block: a bibliometric analysis of blockchain in real estate

Blockchain technology is a novel and disruptive innovation that has the potential to transform various industries, such as finance, supply chain, and healthcare. However, the application and impact of blockchain technology in real estate remain largely unexplored. This study aims to investigate the characteristics, development, and structure of the research field of blockchain in real estate using bibliometric analysis. The study analyzes 352 publications indexed by the Web of Science database from 2016 to 2022 using different methods and tools, such as descriptive statistics, network analysis, co-citation analysis, and co-word analysis. The results show that blockchain in real estate is an interdisciplinary and rapidly growing research area that covers various topics and applications. The study also identifies the most influential publications, authors, journals, and countries in this field, as well as the main research themes and gaps. The study discusses the implications and contributions of the bibliometric analysis of the blockchain in real estate research and practice and suggests directions for future research on this topic.

When the NFT Hype Settles, What Is Left beyond Profile Pictures? A Critical Review on the Impact of Blockchain Technologies in the Art Market

In 2021, online marketplaces such as Nifty and Opensea gained popularity, and digital art creations, including Beeple’s pieces, made headlines worldwide. This attracted traditional fine art practitioners, artists, dealers, digital content creators, and crypto entrepreneurs who wanted to participate in this trend. Several significant investment and token-funded projects took place in Asia, fueling high hopes of revolutionizing the art market with nonfungible token (NFT) technology. However, the numbers suggest a different story, as NFT transactions have reached a historical low. Critics from both sides challenge the value of NFTs, and there is minimal empirical research on the topic of blockchain technologies in the art market. This paper explores the challenges and misunderstandings in the art market through the lens of the researcher’s insight as an art tech entrepreneur. Its aim is to provide an explorative account of the use cases of NFT and blockchain technology vis-a-vis the traditional art market. The paper discusses the current work in progress at the Art ID Standard consortium, covering decentralized identity, blockchain, and use cases, and provides insights into the implications of these challenges for artists, collectors, and the broader art ecosystem.

Financing strategy of the capital-constrained supply chain under uncertainty: the impact of blockchain technology on the credit period

PurposeThis paper explores the effectiveness of using blockchain technology to solve financial constraints faced by small- and medium-sized suppliers in a capital-constrained supply chain.Design/methodology/approachTo characterize the impact of blockchain on credit period and enterprise credit level, the study formulates a newsvendor model to analyze a supply chain in which a financially constrained supplier sells products to a financially sound manufacturer, subject to uncertain demand. The study investigates three repayment methods: the benchmark case without blockchain and two blockchain-enabled cases with the hybrid repayment mode and single repayment mode (SRM), respectively. The study derives and compares the equilibria under each repayment method to characterize their impact.FindingsWhen the bank interest rate is low and the carbon cap is also low, choosing to implement blockchain technology leads to higher profitability for the manufacturer than not utilizing it. Within the framework of blockchain technology, when comparing the two repayment models, the manufacturer exhibits a preference for SRM. Furthermore, under specific conditions of the bank interest rate, blockchain technology can effectively facilitate consensus among supply chain members in terms of channel selection.Practical implicationsThe results derived in this paper provide novel managerial implications to the capital-constrained members in terms of pricing decisions and order quantity under demand uncertainty considering blockchain technology, which transfers the creditor's rights to the bank and shortens the collection time. In addition, blockchain technology enables efficient and intelligent collaborative development of supply chains, which can reduce carbon emissions during the transportation of goods.Originality/valueFew studies incorporate blockchain technology into supply chain finance, and this paper considers the credit period and capital's time value for a capital-constrained supplier facing the adoption of blockchain technology within a stochastic demand environment.

The Impact of Blockchain Technology on Financial Services: Mediating Role of Big Data Analytics

The Impact of Blockchain Technology on Financial Services: Mediating Role of Big Data Analytics

Exploring Factors and Impact of Blockchain Technology in the Food Supply Chains: An Exploratory Study.

Blockchain technology (BCT) has been proven to have the potential to transform food supply chains (FSCs) based on its potential benefits. BCT promises to improve food supply chain processes. Despite its several benefits, little is known about the factors that drive blockchain adoption within the food supply chain and the impact of blockchain technology on the food supply chain, as empirical evidence is scarce. This study, therefore, explores factors, impacts and challenges of blockchain adoption in the FSC. The study adopts an exploratory qualitative interview approach. The data consist of Twenty-one interviews which were analyzed using thematic analysis techniques in NVivo (v12), resulting in identifying nine factors classified under three broad categories (Technology-complexity, compatibility, cost; Organization-organization size, knowledge; Environment-government support, competitive pressure, standardization, and compliance) as the most significant factors driving blockchain adoption in the FSC. In addition, five impacts were identified (visibility, performance, efficiency, trust, and value creation) to blockchain technology adoption. This study also identifies significant challenges of blockchain technology (interoperability, privacy, infrastructure conditions, and lack of knowledge). Based on the findings, the study developed a conceptual framework for blockchain adoption in food supply chains. The study adds to the corpus of knowledge by illuminating the adoption of blockchain technology and its effects on food supply chains and by giving the industry evidence-based guidance for developing its blockchain plans. The study provides full insights and awareness of blockchain adoption challenges among executives, supply chain organizations, and governmental agencies.

The impact of blockchain technology on the online purchase behavior of green agricultural products

The purpose of this study is to identify and investigate the types of trust and their impact mechanisms in the application of blockchain technology for green agricultural products. A mixed research approach was used in this study. First, qualitative in-depth interviews with consumers were conducted to identify the technological path (blockchain technology), and the information disclosure path (environmental information of green agricultural products) that affect consumer trust. Two types of consumer trust were also identified, namely, cognitive trust in blockchain technology (digital trust), and instantaneous trust in blockchain technology disclosure information (swift trust), both of which play a role in influencing consumers’ immediate purchase. Then, based on the interview results, a theoretical model for this study was developed by combining signal theory and trust transfer theory. Through a quantitative survey, 474 valid data were collected to empirically examine the role of consumer blockchain technology experience and environmental information transparency perceived on digital trust and swift trust, and the role of both types of trust on impulse buying. The results show that consumer blockchain technology experience can significantly and positively affect the environmental information transparency perceived. And both have a positive effect on digital trust and swift trust. Also both trusts have a significant effect on impulse buying. Further mediating effects confirm the environmental information transparency perceived as an important intrinsic mechanism by which the blockchain technology experience influences consumer trust. The results of this study add an empirical basis for the role of blockchain technology. It also provides a reference for technology adoption by related companies.

Potential of the Crypto Economy in Financial Management and Fundraising for Tourism

This study aims to examine the potential of blockchain technology in the financing and financial management of entrepreneurial tourism projects. It highlights two objectives: how the technology can be used as an alternative financing tool and how it can improve efficiency and transparency in the financial management of tourism companies. This study shows that initial coin offerings are an effective way to finance innovative tourism projects and that blockchain technology can improve the competitiveness and efficiency of tourism companies. Due to the lack of empirical data on the actual implementation and impact of blockchain technology in the tourism industry, it is suggested that further research is needed to examine the practical application of blockchain technology in the tourism industry, its potential impact on tourism businesses and its implications for the regulatory framework. The proposed methodology includes a systematic literature review on the application of blockchain technology for the financing of tourism projects and the financial improvement of tourism business models. The results indicate that blockchain technology has the potential to transform the financing and financial management of the tourism industry and improve its efficiency and transparency. Furthermore, combining blockchain with other technologies can provide additional benefits in supply chain management and event automation.

Impact of Blockchain Technology in Modern Banking Sector to Exterminate the Financial Scams

The paper examined the use of blockchain in banking sector. With the increase of user’s interest in banking sector, transactions are conducted online or via physical credit scanners. Banking sector is easy target for the hackers. Unauthorized person can hostage the bank data by using cyber security threats such as phishing attack, Ransomware attack, and Denial of Service (DoS). The only solution to secure the customer precious data is blockchain. It has the potential to considerably decrease costs and it can completely alter the banking industry. The present centralized banking system can be strengthened using blockchain technology. Due to the transparency, auditability, immutability, operational resilience and data encryption essential in blockchains, it can secure the cyber security, forbid crooked actions and perceived tampering of data. Blockchain technology will deal the movement in the banking industry and associated facilities in prevailing area. Correspondingly inspecting cases both at home and abroad, it might be recognized areas that blockchains are used aggressively, utilized in banking sections are growing into remittance, resolution, smart contracts and reliability. Multi-factor authentication (MFA) technique is used to find the legitimate users by demanding a user to conform multiple identification information. The username and password can easily be hacked by unauthorized person, so we create a new authentication method that can’t be hacked with the help of Blockchain Techn[1]ology.
 
 1Deputy Director Quality Assurance Agency, Higher Education Commission, Islamabad, Pakistan.
 2Deptt. Of CS & IT, The IUB, Bahawalpur, Pakistan
 3 Department of Management Sciences, Shifa Tameer-e-Millat University, Islamabad.

Impact of blockchain technology on supply chain management in the retail industry

Impact of blockchain technology on supply chain management in the retail industry

Impact of Blockchain Technology on Firm Performance through Supply Chain Parameters and Barriers in Its Adoption

Impact of Blockchain Technology on Firm Performance through Supply Chain Parameters and Barriers in Its Adoption

Research on the Impact of Blockchain Technology on Real Earnings Management of Listed Companies

Research on the Impact of Blockchain Technology on Real Earnings Management of Listed Companies

The Impact of Blockchain Technology on Financial Regulations and Legal Frameworks

The Impact of Blockchain Technology on Financial Regulations and Legal Frameworks

Exploring the integration of blockchain technology into supply chain: challenges and performance

PurposeIn the era of digitization, blockchain technology (BCT) has gained huge attraction in a variety of business processes including operations and supply chains (SC) of different industrial sectors. This paper aims that the adoption of BCT in SC enables the industries to integrate the stakeholders and its distinct features enhance the performance of SC.Design/methodology/approachAn attempt is made to develop a BCT platform a pilot case of bearing-SC and identify the challenges and their solutions in the integration of BCT with SC. Moreover, the impact of BCT on measures of SC performance is also studied.FindingsThe results show enhanced transparency in the transactions, better security of the data, diminished latency period for transfer of information, improved traceability of the bearing, reduced time for payment transfer process and decreased nonvalue-added activities. Ultimately, overall trust of the customer can be improved by the integration of BCT in bearing-SC.Originality/valueIn the same way, BCT can be applied to SC of other components to assure the product quality to the end-users.

Impact of Blockchain Technology on Financial Technology in Nigeria

Impact of Blockchain Technology on Financial Technology in Nigeria

The impact of blockchain technology on operational and strategic risks in the supply chain - a systematic literature review

The impact of blockchain technology on operational and strategic risks in the supply chain - a systematic literature review

Impact of Blockchain Technology on Smart Grids

Energy systems are transforming due to the incorporation of multiple distributed energy resources, such as renewable energy and battery storage systems. This transformation has triggered a need to shift power distribution from a low efficiency centralized model with high coordination costs to a decentralized distribution system comprising smart grids. Researchers have discovered a number of uses for blockchain technology in the energy sector because of its decentralized structure and possibility for safe transactions. In order to pinpoint current trends and important research directions in this area, this article thoroughly examines the effects of blockchain technology on smart grids and distributed energy resources. The aim of this paper is also to identify research gaps and future research initiatives in the area of blockchain-based energy distribution. To do this, 92 research publications were subjected to a comprehensive literature review based on predetermined criteria. Transactive Energy, Electric Vehicle Integration, Privacy and Security, and Demand Response, together with some other relatively fresh and unexplored topics, were, therefore, highlighted as four major focal areas of blockchain energy research. We have also drawn attention to the gaps in the research that has already been done and the constraints imposed by present systems that must be removed before blockchain technology can be widely used.