Implementation Of Blockchain Technology Research Articles

The implementation of blockchain technology on tax administration in developing countries

The implementation of blockchain technology on tax administration in developing countries

Harnessing Blockchain for Transparent and Efficient Land Asset Value Creation in India

Blockchain offers a decentralized and transparent ledger system that can be utilized to streamline land transactions, property management, and the overall land registry process. By implementing blockchain, the UAE aims to improve efficiency, reduce fraud, and enhance trust in the land market. Through the use of smart contracts, blockchain can automate and enforce the terms of land transactions, ensuring that all parties involved adhere to the agreed-upon conditions. This can lead to faster and more secure property transfers, as well as increased transparency in verifying ownership and property rights. Additionally, blockchain-based platforms can facilitate fractional ownership and tokenization of real estate assets. This means that properties can be divided into smaller units and represented as digital tokens on the blockchain. Investors can then purchase and trade these tokens, providing increased liquidity and accessibility to the real estate market. The UAE government, specifically the Dubai Land Department, has been at the forefront of exploring and implementing blockchain technology in land asset management. In 2017, they launched the Blockchain Strategy, which aims to transition all government transactions to blockchain platforms by 2020. The Dubai Land Department has also introduced the "Blockchain in Real Estate" initiative, focusing on utilizing blockchain for property-related processes. These initiatives and advancements in blockchain technology are expected to have a significant impact on land asset value creation in the UAE by increasing efficiency, reducing costs, and fostering greater trust in the real estate market. Keywords— Tokenization, asset, Blockchain

A review of sustainability concerns in the use of blockchain technology: Evidence from the agri-food and the pharmaceutical sectors

Blockchain is an evolving technology with promising applications in various sectors. The introduction of blockchain in the industry has the potential to provide a significant competitive advantage, even though it still is in the early stages of its adoption, particularly in supply chains. The implementation of blockchain technologies affects all the operational aspects of a production and supply chain system, including its sustainable performance. In these terms, there is a raising of concerns regarding the impact of the integration of blockchain on the economic viability of the organization, the total environmental footprint that results from its use, and the social matters regarding its control, safety assurance, and governance. The scope of this paper is to identify the implications of the integration of blockchain technologies in the industry concerning the three main pillars of sustainability.

ЦИФРОВА ТРАНСФОРМАЦІЯ ІНФРАСТРУКТУРИ МОРСЬКИХ ПОРТОВИХ КЛАСТЕРІВ

The article highlights the potential of digital transformation in optimizing maritime port clusters. A primary focus is given to the implementation of blockchain technologies to ensure transparency, security, and efficiency of information flows. Digital transformation is highly significant for seaport clusters, as it enhances the efficiency and competitiveness of these facilities. The authors examine the need for business process and management strategy adaptation to maximize the benefits of technological upgrades. Port clusters must learn to swiftly respond to changing market conditions, leveraging digital innovations to maintain competitiveness and steady growth. The integration of "green" technologies also appears promising for the sustainable development of the port industry. The article discusses the role of a specialized portal that facilitates coordination and integration of port activity participants, improving service quality and optimizing responses to market challenges. Based on research conducted, the authors have constructed a diagram outlining the functional capabilities of the portal for a seaport cluster. This diagram serves to identify the key functional components of the portal, and to improve comprehension and optimise processes taking place within the seaport cluster. The portal facilitates centralised control and management, enhancing seaport cluster productivity, safety and competitiveness. The authors analysed the platform's integrated capabilities to optimise seaport cluster activities. These functionalities aim to enhance resource management, streamline logistics processes and promote collaboration among different members of the port cluster. This, in turn, leads to better productivity and rational resource utilization. The study's results demonstrated that implementing digital transformation via blockchain technology in seaport clusters using a portal enhances operation management and security. Additionally, it encourages resource optimization and industry sustainability, thereby rendering it more competitive and viable amidst present-day demands and challenges.

Диджиталізація бухгалтерського обліку з використанням технології blockchain

Intensive promotion of blockchain technologies in public spheres of administration, science, education, economics, finance, medicine, culture and art allows concluding about the prospects for effective implementation of blockchain technologies in accounting and auditing. This conclusion is verified by numerous works of foreign and domestic scholars concerning the use of blockchain for organizing accounting and auditing of a new generation. The article reflects the essence of blockchain technology and describes the process of its implementation in accounting for prepayment to a foreign supplier, which forms a chain of encrypted blocks of transactions in real time, which are carried out between participants directly, which allows to ensure security, fast availability of data and significant speed of transactions. Blockchain technologies in accounting are based on the principles of decentralization, security, irreversibility, and consensus. The article reflects the advantages and disadvantages of using blockchain technologies in accounting. The most important negative factors are significant costs and investments; lack of relevant packages of regulatory documents and standards in Ukraine; lack of qualified specialists who are able to develop, implement and use projects based on blockchain technologies. In addition, the promotion of new technologies based on blockchain must be carried out simultaneously by all interested stakeholders. Therefore, the introduction of blockchain technologies in Ukraine is a laborious and lengthy process, which at present is at the initial stage. Prospects for further research are to study the problem of reforming the national accounting system for the successful adaptation of blockchain technologies.

Evaluation of Blockchain Based Solutions to Improve Indian Agriculture

Indian agriculture, a critical pillar of the nation's economy, faces multifaceted challenges, including fragmented land holdings, lack of transparency, information asymmetry, and complex supply chains. This abstract delves into the potential of blockchain technology as a catalyst for comprehensive improvements in the Indian agricultural landscape, offering innovative solutions to these longstanding issues. Blockchain technology, with its decentralized, immutable ledger, holds promise in introducing transparency, traceability, and trust throughout the entire agricultural ecosystem. Blockchain's smart contracts can streamline the crop insurance process, automating claims and ensuring quicker and more accurate payouts to affected farmers. The successful implementation of blockchain technology in Indian agriculture holds the potential to revamp the sector, making it more efficient, transparent, and economically rewarding for all stakeholders. However, the realization of this potential depends on addressing infrastructure challenges, promoting digital literacy among key actors, and fostering cooperation between the government, private sector, and farmers. The comprehensive integration of blockchain solutions is poised to be a transformative step in building a more resilient and sustainable Indian agricultural system.

The proposal of new Ethereum request for comments for supporting fractional ownership of non-fungible tokens

During the last couple of years, non-fungible tokens became the most prominent implementation of blockchain technology apart from cryptocurrencies. This is mainly due to their recent association with digital art, but the application of non-fungible tokens has been in the focus of researchers since the appearance of Blockchain 2.0. It was usually tightly coupled with the research on possible applications of blockchain technology in some real-life applications, such as land administration, healthcare, or supply chain management. Since the initial release of the Ethereum blockchain in 2015, until 2022, more than 44 million smart contracts have been created, and out of those that are still active, more than 70% are based on some prominent templates. In the Ethereum blockchain, the creation of nonfungible tokens is usually based on Ethereum Request for Comments 721. In this paper, the authors are proposing the creation of a new standard that would support fractional ownership of non-fungible tokens. Fractional ownership is necessary so non-fungible tokens and blockchain technology could be applied to an even wider number of use cases. This paper also presents an example of a possible implementation of the newly proposed standard in the Solidity programming language.

Integrated Agri-Food Supply Chain Model: An Application of IoT and Blockchain

In agri-food supply chains (ASC), consumers purchase agri-food goods from farmers. During this process, customers emphasize the need for agri-food safety, while producers hope to enhance their revenues. Due to the dynamism and complexity of the Bangladesh ASC, the traceability and control of agri-food goods encounter formidable obstacles. Due to their reliance on intermediaries, legal financial hurdles, Ethereum-based financial solutions, etc., however, most existing solutions cannot adequately meet the traceability and management needs of Bangladesh ASC. To solve these issues, the authors proposed an integrated Agri-food supply chain (IASC) model. In this study, a systematic review of the literature was conducted using a thematic analysis method. In a portion of the model, the authors depicted a linear physical flow to illustrate the relationship and function of intermediaries and to explain Bangladesh ASC’s dependence on intermediaries. The approach incorporates Blockchain technology and IoT to promote transparency, minimize mistake, prevent product delays, remove unethical and illegal actions, improve supply chain (SC) management, track the whereabouts of the goods, and eventually increase consumer and supplier trust. The article also mentions that crypto currency-based financial transactions between stakeholders in the supply chain are now unlawful in Bangladesh. For blockchain API, a mobile banking and digital payment-based solution has been proposed. Finally, the blockchain-based Hyperledger Sawtooth API has been suggested so that clients can trace the entire history of a product by scanning the QR code on the packaging. Since Bangladesh’s economy is primarily based on agriculture, this research can assist in boosting Bangladesh’s economy. The paper would also contribute to the reduction of corruption and the improvement of firmer/grower and consumer satisfaction. The findings also pave the way for future studies to implement blockchain technology in ASC without relying on Ethereum-based financial flow solutions.

TABI: Trust-Based ABAC Mechanism for Edge-IoT Using Blockchain Technology

Recent research has focused on applying blockchain technology to solve security-related problems in Internet of Things (IoT) networks. However, implementing blockchain technology directly on IoT networks is prone to high overheads and energy-expensive operations. Therefore, in this paper, we use edge computing technology to avoid these problems. We also propose a novel Trust-based Access Control Mechanism for Edge-IoT Networks using Blockchain technology (named TABI) to implement end-to-end security in resource-constrained IoT networks. The TABI mechanism utilizes both access control and trust evaluation mechanisms to mitigate the impact of malicious IoT users and devices. Additionally, it incorporates permissioned Hyperledger blockchain technology to provide an added layer of security through authentication. The trust evaluation mechanism is implemented as a trust calculation contract (TCC) on the edge devices using Hyperledger Composer. The access control mechanism employs an Attribute-based Access Control (ABAC) mechanism, which is implemented on the Hyperledger blockchain using two smart contracts: the attribute contract (AC) and the access control contract (ACC). We implement a proof-of-concept (PoC) implementation using Hyperledger Caliper (a benchmark testing tool) and Docker images. Our evaluation includes five analyses: Trust Evaluation Mechanism, Access Control Mechanism, Security, Blockchain, and IoT Applications. Through this evaluation, we highlight the effectiveness of TABI in terms of throughput, latency, detection of malicious IoT devices, and resource consumption of the IoT devices. Our analyses demonstrate that TABI is particularly useful in IoT applications that require low latency and resource efficiency.

Technologia blockchain jako narzędzie wspomagające głosowanie: wykorzystanie w wyborach ogólnokrajowych i lokalnych

The article deals with the problem of implementing blockchain technology in the process of electronic voting. The study begins with an introduction, where basic information about electronic voting is presented, and the scope of the work undertaken is defined. In the main part of the paper, the author first presented an overview of the knowledge about the blockchain, pointing out its definition, as well as its most important elements and its use so far. Based on a case study, the research was carried out using scientific publications, reports, internet and press materials. The examples of Estonia, Switzerland, Sierra Leone, Romania, Russia and India cited in the work show that blockchain can be used as an element of the infrastructure that creates the electoral system in a given country. The last section contains the traditional conclusions and findings of the work.

Transforming Financial Reporting Practices in Bangladesh: The Benefits and Challenges of Implementing Blockchain Technology

Transforming Financial Reporting Practices in Bangladesh: The Benefits and Challenges of Implementing Blockchain Technology

Blockchain in OER: students' perspectives on the use of blockchain technology for credential authentication

The article outlines the potential benefits of blockchain technology in the education sector, particularly in open educational resources. The literature on open educational resources, blockchain technology and credential authentication is reviewed. The potential benefits and possible challenges of adopting blockchain technology to the process of verifying and authenticating students' academic achievements, which are crucial to ensure their credibility and recognition in other institutions as well as in the labour market, were presented. The main objective of this article was to provide students' perspectives on their familiarity with ORE, blockchain technology and how it can be adopted to verify educational credentials. The author of the article highlights the new benefits of implementing blockchain technology, primarily in terms of verifying the authenticity of diplomas and educational achievements, increasing their value and credibility in the eyes of employers. The introduction of these technologies can influence a more transparent teacher evaluation process and ensure secure storage of learner data. The results of this study indicate the potential of blockchain technology in enhancing the credibility and authenticity of academic achievement in OER. The study highlights the importance of further education and awareness initiatives, dealing with technical complexities and addressing data privacy and security issues to ensure the successful integration of blockchain into the education system. Through the use of distributed registries, a secure and transparent platform can be created to share and verify educational credentials.

The impacts of task technology fit, transparency, and supply chain agility on the blockchain adoption by SMEs in Jordan

This study aims to find out how much the ways that blockchain technology helps in different parts of the supply chain affect how SMEs use blockchain technology. Moreover, the research examines the correlation between blockchain use and overall performance. The data was obtained from the SMEs' owners and managers, who have the authority to implement blockchain technology. Two follow-up phone calls yielded 145 usable replies from 500 prospective respondents, for a response rate of 29%, which was analysed employing structural equation modelling (SEM). The results demonstrated that the contributions of blockchain adoption to task technology fit, task characteristics, technology characteristics, operational supply chain transparency, and supply chain agility influenced the acceptance intentions of SME managers and that there is a significant positive correlation between blockchain adoption and overall performance. The results aid vendors and policymakers in formulating strategies and effective plans to accelerate blockchain adoption by SMEs. Furthermore, the findings provide owners/managers of SMEs with reason to believe that blockchain technology might be a source of competitive advantage.

The extent of commercial banks’ readiness to implement blockchain technology

This study aimed to find out the readiness of Jordanian commercial banks to implement blockchain technology. The population of this study consisted of thirteen Jordanian banks. The study targeted the employees of the higher departments represented by the general managers and their deputies, and the employees of the middle departments represented by the directors and heads of the departments of each of the finance, internal auditing, and information technology departments in Jordanian banks. The study used the survey method to collect data and the SPSS Statistics 20.0 program to process and analyze the data. The most important results of the study were the presence of a statistically significant impact of the banks’ readiness with its dimensions (administrative readiness, professional readiness, organizational readiness, and legislative readiness) in the blockchain technology with its dimensions (the use of blockchain technology, hashing, information, and time imprint). As for the most important recommendations, it crystallizes the need for Jordanian banks to carry out a continuous updating process on the data within the block, and to apply periodic tests on the block operations to verify that there are no gaps in the chain.

Blockchain Technology in Supply Chain Management: A Review of Business Applications and Future Directions

Blockchain technology has the potential to revolutionize supply chain management (SCM) by increasing transparency, improving efficiency, and reducing costs. This paper reviews the business applications of blockchain technology in SCM and identifies future directions for its use. We explore the current applications of blockchain technology in SCM, including tracking and tracing of goods, verification of product authenticity, and automating supply chain processes. Then, we examine the benefits and challenges of implementing blockchain technology in SCM and discuss the potential impact on various stakeholders, including suppliers, manufacturers, distributors, retailers, and consumers. Following, we identify future directions for research and development in blockchain technology for SCM, including the integration of AI and ML, the use of smart contracts, and the development of new blockchain-based business models.

Comprehensive risk assessment and analysis of blockchain technology implementation using fuzzy cognitive mapping

Identifying and assessing potential risks of implementing new technologies is critical for organizations to respond to them efficiently during the technology life cycle. Blockchain has been introduced as one of the emerging and disruptive technology in the field of information technology in recent years, which system developers have noted. In this study, a comprehensive set of risks have been identified and categorized based on the literature findings to identify the risks of blockchain implementation. Critical risks are defined by performing a two-stage fuzzy Delphi method based on the experts' opinions. Then, possible causal relationships between considered risks are identified and analyzed using the fuzzy cognitive mapping method. Finally, the most important risks are ranked based on the degree of prominence and the relationships between them. Industry enterprise resource planning system based on blockchain technology has been studied as a case study. The obtained results indicate that the technology's immaturity has the most impact, the high investment cost is the most impressive risk, and privacy has a critical role in risks relationships. In addition, the high investment cost has the highest priority among other risks and the privacy and issues with contract law are ranked second and third, respectively.

Blockchain Traceability in Trading Biomasses Obtained with an Integrated Multi-Trophic Aquaculture

This study explores the application and critical issues related to the implementation of blockchain technology (BT) to the aquaculture sector, in order to understand the possibilities of improving the relationship with the supply chain and the end consumer, with a view to a sustainability for the marine environment and circular economy. Starting from considerations of commercial and political challenges related to credibility and fairness for all parties involved—from producers, to retailers, to end consumers—the procedure adopted was applied to the case of an Integrated Multi-Trophic Aquaculture project, developed in the sea of Taranto (Italy). Furthermore, it considered two different end markets: the food market for farmed fish and the ornamental fish market for marine aquariums. The results of the study confirm that although the implementation of BT by industries and producers of marine species has the potential to lead to successful sustainability solutions, such adoption is feasible over time only if all actors in the supply chain, from aquaculture companies, to retailers, to consumers, are actively and consciously involved and can access common benefits.

The Digital transformation of accounting, through implementing blockchain technology : a conceptual model

The Digital transformation of accounting, through implementing blockchain technology : a conceptual model

Adoption of Blockchain Technology in Pharmaceutical Supply Chain to fight Counterfeit Medicine Market

Blockchain Technology (BT) is recognized as a technology with multiple applications in many industries due to the nature of its utilization. In the pharmaceutical industry, an effective supply chain is crucial to mitigate the counterfeit medicine market, which is currently a big challenge, especially for low or middle-income countries. This research investigates the possibility of implementing blockchain technology solutions in Pakistan’s pharmaceutical industry by introducing blockchain Application Software. The pharmaceutical industry and General Practitioners from hospitals and clinics were interviewed in the public and private sectors to understand this possibility. Data coding was conducted on the data gathered from the interviews, and from these codes, categories were extracted, these categories were then further refined to extract the final themes. Finally, the paper discusses that based on the need of the current situation, the proposed BT system would present a solution for making the pharmaceutical supply chain more transparent.

Public administration using blockchain technology and platforms: new opportunities

This article aims to identify potential applications of blockchain technology in public administration. Although blockchain is most useful when trust in government is low (because blockchain provides greater accountability), the feasibility of implementing blockchain solutions depends on a certain level of administrative and technical capacity of the authorities and, most importantly, on their readiness and willingness to implement these technologies. depends on the following factors. The reluctance to implement blockchain technology is partly related to the perception that blockchain is in “competition” with the state. There are also “usual” political barriers to change in administrative structures, such as the reluctance of government officials to introduce new technologies. The analysis showed that blockchain technology has not yet become widespread in the public sector, although a number of pilot programs have been developed. In addition, many applications of blockchain have not progressed beyond proof of concept and pilot implementations on a limited scale, and further research is needed on the barriers to the adoption of blockchain technology in the public sector, including the issue of the so-called “digital divide”. We know that the consideration of blockchain in public administration can be divided into one or more of the following perspectives: blockchain as a technology of freedom, blockchain as a polycentric structure, or blockchain as a new type of database. Each perspective sheds light on its potential for public sector governance, as blockchain can be all three, depending on the political, economic, social and technological context. The article also identifies that personal data, government procurement, online government services and support for democratic processes are areas where blockchain technology can be successfully used to improve administrative efficiency. However, the analysis also proved that blockchain offers opportunities in almost all areas of public administration, so a special program for implementing blockchain technology in the public sector is needed.