Potential Of Blockchain Technology Research Articles

Advancements in IoT Routing and Energy Efficiency: A Comprehensive Review of Algorithms and Technologies

The rapid expansion of the Internet of Things (IoT) has led to a significant increase in connected devices, resulting in growing challenges related to efficient data transmission, energy consumption, and network scalability. Routing protocols and energy-efficient algorithms play a pivotal role in addressing these challenges, enabling IoT systems to optimize performance while minimizing power usage. This review provides a comprehensive analysis of recent advancements in IoT routing techniques and energy-efficient solutions, focusing on multi-objective optimization algorithms such as fractional gravitational search, grey wolf optimization, and hybrid salp swarm-differential evolution algorithms. Additionally, we explore context-aware routing, cluster-based methods, and the integration of machine learning to enhance decision-making in dynamic IoT environments. The review also highlights the critical role of energy-efficient routing in IoT applications, such as smart agriculture, healthcare, and smart cities, emphasizing its importance in prolonging network lifetime and reducing overall operational costs. The potential of blockchain technology and AI-driven algorithms to enhance security and energy efficiency in IoT networks is discussed, alongside future directions in green routing solutions. By addressing the complexities of IoT routing and energy management, this review aims to provide insights into the latest research trends and guide future innovations in IoT systems.

Blockchain for HR Data Security

In today's digital landscape, organizations face an escalating threat of data breaches and unauthorized access to sensitive information. This vulnerability is particularly pronounced in Human Resources (HR) departments, where vast amounts of personal employee data are stored and managed. This paper delves into the potential of blockchain technology as a formidable solution for bolstering HR data security. By providing a comprehensive examination of blockchain principles, this research elucidates how the decentralized and immutable nature of blockchain can be leveraged to enhance the security of HR data. The paper explores various applications of blockchain within HR, such as secure employee record management, streamlined payroll processes, and verified credentialing. Additionally, it addresses the challenges and considerations associated with implementing blockchain technology in HR systems, including integration with existing infrastructure, scalability issues, and regulatory compliance. Through a detailed analysis, this research underscores the transformative impact blockchain can have on HR data security practices. It emphasizes how blockchain can ensure the confidentiality, integrity, and availability of employee information, thereby fostering a more secure and trustworthy HR environment. Ultimately, this paper aims to provide valuable insights for HR professionals and organizations seeking to safeguard their data against the ever-evolving landscape of cyber threats.

INNOVATIVE IT SOLUTIONS TO ENHANCE THE EFFECTIVENESS OF ELECTRONIC ELECTIONS THROUGH BLOCKCHAIN

The shift towards electronic elections is driven by the need for increased efficiency and accessibility. However, the integrity of these systems is continually threatened by issues such as voter fraud, hacking incidents, and the absence of transparent audit trails. Existing solutions often fail to comprehensively address these challenges. This article introduced blockchain technology as a transformative approach to these electoral challenges. Employing methods such as advanced blockchain architectures, enhanced security protocols, and smart contract optimization, it establishes a secure, decentralized, and immutable ledger of votes. These methods counteracted many of the vulnerabilities inherent in traditional systems, achieving a higher standard of transparency, security, and voter privacy that was previously unachievable. The findings from detailed case studies and technological infrastructures discussed in subsequent sections demonstrate the effectiveness of these methods in enhancing election integrity. This examination showcases the relevance and potential of blockchain technology in revolutionizing electronic elections, offering a blueprint for secure, transparent, and efficient voting systems.

Establishing Robust Data Sharing Through a Blockchain-Driven Standardization Framework in Local Community Healthcare System

The healthcare industry's digitalization has sparked innovation and improved various aspects of the services. Community hospitals in Pangasinan still use conventional paper-based methods for managing patients' health records. However, the healthcare information system is still in a traditional structured excel platform and lacking of communication among healthcare providers. This study aims to design a blockchain-driven standardization framework to establish robust data sharing and increase the confidentiality and security of stakeholders in using the healthcare system. In gathering data, a focus group was organized to give a valuable perspective on the present state of the healthcare system through conducting an online survey, seven respondents are direct users of the healthcare system. The study adopted the IS4H assessment maturity tool concerning data management and information technology in identifying the gaps and challenges in the existing healthcare system. A comprehensive review of related literature regarding the usability of access control models in the study and the potential of blockchain technology in the healthcare system is also essential. Blockchain technology provides features that enhance the accessibility and immutability of the healthcare system and to the stakeholders. The research underscores the paramount importance of integrating blockchain, access control, and security measures to safeguard privacy in the system. The implication of the integration of blockchain is seamless, secure, and patient-centric which has a great potential to contribute to improving the digitalization of healthcare quality of services in the healthcare system.

Blockchain-Enhanced Privacy Protection in Social Network Research and Applications

While social networks offer users unprecedented convenience and connectivity, they inadvertently risk exposing sensitive user data. To address the juxtaposition of utility and vulnerability, this paper delves into the potential of blockchain technology as a tool for enhancing privacy protection within social networks. By first critiquing the limitations of current protective measures, it becomes clear where traditional methods fall short in counteracting common avenues of privacy breaches. This paves the way for the integration of blockchain technology into the privacy infrastructure of social networks. The paper elucidates the core cryptographic principles underpinning blockchain and, by drawing from real-world applications such as ShoCard, underscores the advantages that this nascent technology brings to the fore. Despite the evident merits, challenges remain, especially as the technology becomes a potential target for advanced cyber-attacks. The incorporation of elements like smart contracts, digital signatures, and decentralized storage manifests blockchain's promise in building a robust digital fortress, safeguarding user privacy. However, as the technology is still in its evolutionary phase, ongoing research must address vulnerabilities and ensure a holistic defense against potential threats.

B Vote: Block chain Based Voting System

The current electoral system faces various challenges such as vote rigging, hacking of electronic voting machines, and election manipulation, leading to a lack of faith in the system among citizens. The adoption of an electronic voting system based on block chain technology could potentially address these issues. This paper proposes a model of e-voting based on popular block chain frameworks that provide block chain as a service, which maintains participant confidentiality while still being open to public scrutiny. The paper presents a comprehensive analysis of the theme, demonstrating the usefulness of block chain technology in the design of a secure and transparent e-voting system. Distributed ledger technology is a powerful tool in the world of information technology, with the potential to revolutionize various applications. Block chain offers advantages such as cryptological underpinnings and transparency, making it a disruptive technology in modern times. The proposed e-voting system based on block chain technology offers the potential to improve the resilience of e-voting systems, and ensure the integrity of the election results. Overall, this paper provides insights into the potential of block chain technology to tackle the challenges facing the current electoral system and improve the transparency and security of e-voting systems. Key Word: Iblock chain, confidentiality, Distributed ledger, transparency, security, metamask, solidity, Ethereum, Decentralization, testnet, Hardhat, Dapp, Consensus, immutability, blocks.

Enhancing Supply Chain Resilience Through Dynamic Capabilities of Blockchain Technology: A Structural Model Analysis

Supply chain (SC) conditions are becoming more challenging, and its systems are gaining more complexities over time. However, managing a complex SC depends on multiple variables related to the SC and its environment. In addition, digital technologies have shown potential to reshape the present understanding of SC management. In this regard, blockchain technology (BT) can help business models by enhancing transparency, improving traceability, reducing costs, minimizing risks, and bringing resiliency to the SC processes. This paper follows the Dynamic Capabilities View (DCV) theory as a theoretical lens to investigate the capabilities of the BT and its impact on supply chain resilience (SCR). The paper uses a PLS-SEM method for analyzing the collected data and drawing evidence from the manufacturing and assembling industries to demonstrate the technological benefits and potential of BT, as well as its capacity to drive SCR and enhance efficiency in business models. The findings of the paper show that the sensing, seizing, and transforming capabilities of the BT have a substantial effect on SCR (R2 adjusted= 0.701). The obtained results from this study highlight the potential of adopting BT to help policymakers in their query to build SCR.

The Potential of Blockchain Technology and Smart Contracts in the Energy Sector: A Review

The energy sector is undergoing a period of technological transformation, driven by the emergence of blockchain and smart contracts. These technologies have the potential to revolutionize energy markets and significantly reduce transaction costs, improve efficiency, and increase transparency. The rising energy prices in recent years have been a cause for global concern. As the EU recorded historically high energy prices in 2022, according to the EU Council, this price rise is linked to increased energy demand following the COVID-19 pandemic, the war in Ukraine, and the acceleration of climate change. This paper aims to critically examine the current state of blockchain and smart contracts technology in the energy sector, focusing on use cases, key challenges, and potential solutions. It further explores the impact of these technologies on energy markets and their potential to contribute to a sustainable, low-carbon energy future. Finally, it examines the prospects of blockchain and smart contract technologies to transform the energy industry and the policy implications for governments and regulators.

Exploring prospects of blockchain and fintech: using SLR approach

Purpose This study aims to give a glimpse of the existing blockchain applications across industries and add to a complete knowledge of the blockchain’s properties. Design/methodology/approach Systematic literature review is used as the research strategy for this investigation and other aspects of the preferred reporting items for systematic reviews and meta-analyses framework have been incorporated to create a scholarly publications evaluation of the blockchain-based application in the financial arena and its future. The research looks at 86 studies published between 2018 and 2022. Findings There has been a steady but noticeable increase in the study of blockchain’s potential in many application domains over the past few of years. This rising tendency illustrates the newness and potential of blockchain technology, as well as the increasing attention from academics. According to the findings, blockchain is an appropriate solution for processing transactions using cryptocurrencies; nevertheless, it still has significant technical issues and limits that require to be exploring and solving before it can be considered a viable option. It is therefore, necessary to have a high level of reliability for payments and confidentiality, in addition to maintaining the anonymity of nodes, to stop assaults and efforts to disrupt transactions in the blockchain. Practical implications This study has several important theoretical and practical implications. First, it adds to the body of knowledge on blockchain and Fintech, focusing on the transaction side. While much blockchain research has focused on how the technology may affect strategic choices, this study has shed light on its potential from the perspective of financial reporting. Second, by highlighting the importance of the demand for the prompt identification of losses, this work adds to the body of knowledge on the factors that influence transaction frauds involving paper money. Additionally, by establishing the link between transparency and virtual transactions, the author backs up the asymmetric responses of investors to different investment possibilities. It looks at the evolution of financial technology (Fintech) and shows how it can be used to take the advantage of unique opportunities. Originality/value The study is different and novel from the previously published literature on this topic mainly because of its comprehensiveness, as it revolves around all industrial and commercial areas. The three main lines of research have been outlined, namely, classifying the many blockchain-based innovations that will alter the financial landscape in many industries; identifying whether these industries are a good fit for blockchain’s wealth creation potential; and directing researchers by outlining prospective study pathways.

Blockchain Technology in Enhancing Health Care Ecosystem for Sustainable Development

The analysis and interpretation portion of the study concentrated on managing blockchain technology and on comprehending the rate of technological advancement in actions that support the development of the sustainability and healthcare ecosystems. The study reports results of a survey from 50 respondents who were directly handling activities in the healthcare industry. The study's discussion and findings section also included information on the analysis of the survey data that was acquired. This information is crucial for raising the healthcare ecosystem's to sustainability level. Blockchain technology is one of the most significant breakthroughs of recent times. By consistently changing the healthcare industry, it advances the entire field. It is seen as a series of building blocks that preserves interpersonal trust and covers vital information. The rapid development of blockchain technology is enabling a wide variety of uses across many industries. The potential of blockchain technology will be revolutionised by the systematic production of literature evaluations. One illustration of how swiftly the world has gone digital is the emergence of countless electronic records in the healthcare industry. Blockchain technology has made it possible to eliminate third-party administration's risks in the medical industry.

The potential of blockchain technology in advancing sustainable energy: a study on the mediating role of specialization in the growth of Chinese hidden champions

Innovation is a crucial factor for hidden champions to gain a competitive edge and foster organizational growth. This study focuses on Chinese-listed hidden champion firms between 2010 and 2019 and examines the impact of innovation heterogeneity on their growth. The study explores the impact of different types of innovation, including overall innovation, product innovation, and process innovation, and their interaction effects on the growth of hidden champions. The study also investigates the mediating role of the degree of specialization, which refers to the extent to which a firm focuses on a particular area of expertise. Furthermore, the potential of blockchain technology in advancing a sustainable energy future is becoming increasingly apparent. By enabling the creation of decentralized energy markets, blockchain can facilitate the integration of renewable energy sources, such as solar and wind power, into the grid. This can help to reduce carbon emissions and promote the transition to a low-carbon economy. The results of the study indicate that innovation, including overall innovation, product innovation, and process innovation, is significant for hidden champions’ growth. Moreover, the study reveals that product innovation and process innovation have complementary effects on the growth of hidden champions. The degree of specialization also plays a mediating role between different types of innovation and hidden champions’ growth. The results of this study provide empirical evidence to improve the growth of hidden champions from the perspective of enterprise innovation. By focusing on different types of innovation and understanding their complementary effects, firms can develop a more comprehensive innovation strategy that can enhance their growth potential. Moreover, the mediating role of degree of specialization highlights the importance of aligning innovation efforts with a firm’s core competencies to achieve sustained growth. This study contributes to the literature on hidden champions by shedding light on their innovation strategies and their impact on firm growth.

Transitioning to sustainable energy: opportunities, challenges, and the potential of blockchain technology

The pressing issues of climate change and the limited availability of non-renewable energy resources have created a growing need for sustainable energy alternatives. This study provides a comprehensive overview of the pressing need for sustainable energy solutions and the complex relationship between energy and the economy. The challenges and opportunities presented by the transition to sustainable energy sources are explored, including the need for investment in renewable energy technologies, policy changes to incentivize sustainable energy use, and the potential for job creation in the sustainable energy sector. On the other hand, it is recognized that there are considerable hurdles that need to be addressed, including the substantial initial expenses associated with establishing renewable energy systems, as well as the political and societal barriers to enacting change. The economic benefits of transitioning to sustainable energy, such as improved energy security, reduced dependence on fossil fuels, and the potential for increased economic growth, are evaluated. The complex relationship between energy and the economy is thoroughly analyzed, presenting a valuable contribution to the academic literature on sustainable energy. Furthermore, an inquiry is being made into the potential contribution of blockchain technology in advancing a sustainable energy landscape. This includes its ability to augment the effectiveness and openness of energy markets, as well as its capacity to assist in the assimilation of renewable energy resources. Hence, this research underscores the importance of transitioning to sustainable energy sources for their environmental and economic merits. The findings presented offer valuable insights to inform policy decisions and guide future research endeavors in this field. By promoting the advancement of sustainable energy technologies, this study contributes to the development of a more sustainable global economy.

A systematic literature review of blockchain technology and environmental sustainability: Status quo and future research

This study conducted a systematic literature review on the function and potential of blockchain technology in promoting environmental sustainability to achieve sustainable development goals (SDG 7 and SDG 13). We chronologically explored theoretical viewpoints, analytical frameworks, measures, relationships, and procedures from 2015 to 2022 to examine the relationship between blockchain technology and environmental sustainability. We followed a four-step methodology (planning, execution, analysis, and reporting) based on Tranfield et al.’s (2003) approach. The extensively preferred PRISMA technique was adopted for conducting a systematic literature review. VOSviewer program was used in this study for bibliometric analysis. The contribution of this study is that this is the first one to use a bibliometric analysis and SLR on the topic of blockchain technology, environment, and green finance from the standpoint of the SDGs, specifically SDG 7 and SDG 13. The findings suggest that to attain environmental sustainability, new approaches are required. New methods to achieve environmental sustainability are possible because of emerging technology like blockchain. Policymakers will benefit from understanding the effect of market interference and the available choices while considering their disruptive consequences. The findings are beneficial for political institutions in establishing the political and legal environment required to develop successful green blockchain applications.

Blockchain application in consumer services: A review and future research agenda

AbstractThe potential of blockchain technology (BCT) to modify and innovates established business structures and frameworks has received widespread attention. Academia and businesses are becoming increasingly curious about how this technology could be used to improve and refine consumer services and operations. Despite the growing popularity of blockchain research in consumer services, there remains a dearth of detailed summaries in the literature. Hence, this bibliometric analysis, combined with a systematic literature review (SLR) using SPAR‐4‐SLR protocol with the theories, characteristics, contexts, and methods framework (A hybrid review), aims to convey qualitative and quantitative knowledge on the ever‐evolving subject of blockchain application in consumer services in an organized manner. Specifically, this article analyses: (1) the current publication trends in studies devoted to blockchain‐based applications for consumers, (2) the most important publications and themes of research in this field, (3) the evolution of blockchain in consumer service over the years, and the most current trends in this field, (4) the advantages and challenges of incorporating BCT into consumer services, (5) gaps in the existing literature that future researchers should investigate. In addition, this review also describes the widely used theories, characteristics, and methods in the application of blockchain in consumer service research by examining the most applied theories, methods, constructs, and study contexts and paving the way for new research directions. The review includes 417 documents after searching for scholarly publications in two databases (Web of Science and Scopus) and choosing documents based on their relevance to the stated goals.

The Potential of Blockchain Technology in Dental Healthcare: A Literature Review

Blockchain technology in the healthcare industry has potential to enable enhanced privacy, increased security, and an interoperable data record. Blockchain technology is being implemented in dental care systems to store and share medical information, improve insurance claims, and provide innovative dental data ledgers. Because the healthcare sector is a large and ever-growing industry, the use of blockchain technology would have many benefits. To improve dental care delivery, researchers advocate using blockchain technology and smart contracts due to their numerous advantages. In this research, we concentrate on blockchain-based dental care systems. In particular, we examine the current research literature, pinpoint issues with existing dental care systems, and consider how blockchain technology may be used to address these issues. Finally, the limitations of the proposed blockchain-based dental care systems are discussed which may be regarded as open issues.

The Potential of Blockchain Technology in Building the Decentralized World of Metaverse: a Scientometric Study and Study Clusters in the Metaverse Field

The Potential of Blockchain Technology in Building the Decentralized World of Metaverse: a Scientometric Study and Study Clusters in the Metaverse Field

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.

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 Potential of Blockchain Technology in the Transition towards Sustainable Food Systems

Food systems are both contributing to and affected by environmental degradation and climate change. The transition towards resilient and sustainable food systems is essential to ensure food security and minimise negative environmental impacts. Innovative technologies can accelerate this transition. Blockchain technology (BCT) is attracting attention as it can deliver transparency to complex global food supply chains and has the potential to guide current food production towards better sustainability and efficiency. This case study investigated the opportunities that BCT can offer to food supply chains. Qualitative interviews with eight main BCT providers were conducted to evaluate the current state of BCT and put it into perspective by mapping out advantages, disadvantages, incentives, motives, and expectations connected to its implementation in global food systems. A thematic analysis showed that, while BCT was considered beneficial by all interviewees, uptake is slow due to high implementation costs and the lack of incentives for companies throughout the food chain from farms to food industry and retail. Results further revealed that the advantages of BCT go beyond communication of trustworthy information and development of closer producer–consumer relationships. In fact, it can provide the opportunity to decrease food waste, enhance working conditions throughout the supply chain, and promote sustainable consumption habits. As BCT may be increasingly used in the food supply chain, the results give a basis for future research that may leverage both qualitative and quantitative methods to examine actors’ behaviours. Also, the importance of improving user experiences through functional applications and software to facilitate the adoption of the technology is stressed.

Blockchain for decentralised rural development and governance

Rural areas are steadily being marginalised in a global economy where ‘core/periphery’ models of development are dominant. To overcome this, rural areas have experimented with decentralised governance. However, this process is fraught with political, fiscal, and institutional difficulties. These often revolve around transparency and accountability issues and low participation rates. Blockchain technology could act as a social innovation to overcome issues in decentralised governance, and rural areas could even prove to be a fertile environment for future innovation. In this conceptual paper, the potential of blockchain technology is theoretically positioned in regional development discourses. After exploring how blockchain could be applied to rural governance and the barriers it needs to overcome to reach mass adoption, a new distributed model of governance is suggested.