Abstract This study examines the critical factors driving the adoption and integration of blockchain technology in accounting education. Employing a moderated model based on the technology acceptance model (TAM), the study investigates what motivates faculty members to adopt and integrate blockchain. Organizational support serves as a key moderating factor in this study. The study employed a quantitative approach, analyzing data from 191 faculty members at Indian universities and colleges using SmartPLS 4 software. The findings emphasize the significance of organizational support in shaping behavioral intentions, with notable effects on perceived usefulness and attitudes toward blockchain adoption. Additionally, perceived ease of use indirectly affects behavioral intentions through its impact on perceived usefulness and attitude. The moderated model explained 64% of the variance in behavioral intentions toward blockchain integration in accounting education. These results offer valuable implications for educational policy, not only in India but also in similar developing nations. By comprehending the relationship between organizational support and faculty membersâ perceptions, policymakers can formulate strategies to effectively integrate blockchain technology into accounting education, encouraging innovation in university practices for the digital era.
Simon Wong, John Kun Woon Yeung, Yuiâyip Lau, Tomoya Kawasaki ¡ 5 authors
Inspired by the discontinuation of the blockchain platform TradeLens, co-developed by IBM and Maersk, due to the lack of the involved supply chain stakeholdersâ adoption, a critical literature review on the models of supply chain stakeholdersâ adoption of blockchain applications was conducted. This review is significant as it provides insights into the exploration of a more universal approach to investigate which factors really influence blockchain adoption, which is a pre-requisite for the technical sustainability of blockchain technology in supply chains. As observed in the review, the technology acceptance model (TAM), the technologyâorganizationâenvironment (TOE) framework, and the unified theory of acceptance and use of technology (UTAUT) are frequently used in the literature, but little attention has been paid to whether blockchain technology fits the usersâ tasks in understanding blockchain adoption in the supply chain. Among the technology adoption theories, taskâtechnology fit (TTF) considers whether a technology fits the tasks, but only two previous studies involved the use of TTF. This study discusses the suitability of these existing models of technology adoption for blockchain applications in supply chains and comes up with a new unified model, namely TOE-TTF-UTAUT. This review also has implications for a more appropriate conceptual research design using mixed methods.
Although blockchain technology has the potential to enhance social sustainability, less is known about how this improvement occurs. This study has focused on I.T firms and investigated the interrelationship among blockchain technology, social networks, social trust, and social sustainability. Our results show that blockchain does not directly influence social sustainability unless mediated by social networks and trust. Policymakers should invest in capacity-building programs to educate and train stakeholders on the potential benefits and challenges of blockchain technology, as well as foster strong social networks and build trust among individuals and organizations involved in blockchain initiatives, to maximize the transformative potential of blockchain for social sustainability outcomes.
S M Habibullah, Md Arafat Sikder, Nadia Islam Tanha, Bhanu Prakash Sah
Blockchain technology has emerged as a transformative force in various industries, including supply chain management within the automotive sector. This review examines the impact of blockchain on the automotive supply chain by analyzing 183 articles, focusing on its ability to enhance transparency, traceability, and efficiency. By providing a decentralized and immutable ledger, blockchain ensures real-time tracking of parts and components, thereby reducing the risk of counterfeit products and ensuring compliance with regulatory standards. The automation of transactions through smart contracts streamlines processes, reduces the need for intermediaries, and leads to substantial cost savings and faster delivery times. However, the implementation of blockchain also presents challenges such as scalability, interoperability with existing systems, high costs, and regulatory concerns. Addressing these challenges through future research and pilot projects is essential for unlocking the full potential of blockchain technology in revolutionizing supply chain management in the automotive industry. This review synthesizes current literature to provide a comprehensive understanding of both the benefits and challenges associated with blockchain implementation, highlighting its transformative potential and the necessary steps for successful adoption.
This paper aims to critically examine the scholarly work conducted in blockchain (BC) governance. Without venturing into the wide range of governance paradigms, this research considers governance structures based on trust as a foundation for BC governance. A thematic systematic literature review is conducted to understand the literature on this topic, employing the SALSA (Search, Appraisal, Synthesis and Analysis) technique. An examination of 155 papers shows that using BC technology (BCT) replaces the cognitive attribution of trust in the material and human-independent code. It is also found that further research anchored to the 'trust' concept is required in building BC governance structures. To provide the direction in which the literature is travelling, future research questions on trust and governance are documented. In general, the literature review suggests that BC has the potential to revolutionize the way in which businesses operate. By improving transparency, efficiency, and security, BC can help businesses to reduce costs, improve customer satisfaction, and make better decisions. This research can help policymakers, industrialists, and researchers to identify where BC governance is being used and which aspects of governance are to be focused on. This paper is a general review of literature and evidence on contemporary developmental issues.
Luay Jumâa, Marwan Mansour, Dominik Zimon, Peter MadzĂk
Purpose This study aims to investigate the intention to use blockchain technology (BT) in the context of supply chain (SC) operations through an integrated technology adoption framework using two well-known models, the unified theory of acceptance and use of technology (UTAUT) and the technology acceptance model (TAM). Moreover, the study looked at the direct effect of TAM and UTAUT elements on attitude toward BT, as well as the role of attitude toward BT as a mediator between TAM and UTAUT elements and intention to use BT. Design/methodology/approach The study used a quantitative research method, and a structured questionnaire was used to gather primary data. The final sample, drawn using a convenience sampling that consisted of 273 managers from the Jordanian manufacturing sector. Structural equation modeling statistical method was conducted using the Smart PLS program to test hypotheses in the proposed study framework. Findings The study has provided intriguing results. It found that two UTAUT elements, namely performance expectancy and social influence and one TAM element, namely perceived usefulness, have a significant impact on the attitude toward BT. Besides that, the study found that attitude toward BT significantly mediated the relationship between UTAUT-TAM elements and intention to use BT. The findings revealed that three elements namely performance expectancy, social influence and perceived usefulness have statistical significance on intention to use BT through the mediation of attitude. Finally, there is a direct significant positive relationship between the attitude toward BT and intention to use it. Research limitations/implications The study helps decision-makers, South Carolina practitioners and academics recognize the fundamental factors that increase manufacturing firmsâ intentions to use blockchain in their SCs. This gives decision-makers a better understanding of why users accept or reject BT, as well as how to improve user acceptability through technological design. Future studies should seek for a bigger sample size and use random sampling techniques. Furthermore, the study should be replicated in other industries or developing countries to validate the findings. Originality/value There is a scarcity of studies identifying the factors that increase blockchain adoption intention in SCM and developing countries. This study differs in that it examines BT intention to use in the context of SC using an integrated technology adoption framework that uses two well-known models, UTAUT and TAM, whereas other studies typically use only one model/theory. Moreover, given the importance of attitude in behavior, this study also investigated the effect of TAM-UTAUT elements on attitude toward BT, as well as the role of attitude toward BT as a mediator between TAM and UTAUT elements and intention to use BT.
Hassan Younis, Omar M. Bwaliez, Manaf AlâOkaily, Muhammad Tanveer
Purpose This study conducts a thorough literature review and meta-analysis to explore the adoption of blockchain technology (BCT) in supply chain management (SCM). It aims to identify the potential benefits, challenges, and critical factors influencing the implementation of this technology in supply chains. Design/methodology/approach A systematic analysis of 157 highly cited publications is performed, offering insights into research trends, citations, industries, research methods, and contextual aspects. Thematic analysis is employed to uncover key findings regarding enablers, barriers, drivers, challenges, benefits, and drawbacks associated with BCT adoption in supply chains. Findings The analysis highlights the complexities and opportunities involved in adopting BCT in SCM. A proposed model aligns with five dimensions, including inter-organizational, intra-organizational, technological, legal, and to assist businesses in harnessing the potential of BCT, overcoming obstacles, and managing challenges. This model provides practical recommendations for navigating the intricacies of BCT implementation while balancing associated challenges and risks. Practical implications Organizations operating in supply chains can leverage the insights gained from this investigation to position themselves at the forefront of BCT adoption. By implementing the proposed model, they can unlock benefits such as increased transparency, efficiency, trust, and cost reduction. Originality/value The novelty of this paper lies in its extensive review of publications on Blockchain Technology adoption in supply chains. It offers insights into various aspects such as enablers, barriers, drivers, challenges, benefits, and drawbacks. Additionally, the paper presents a comprehensive model specifically designed for successful adoption of Blockchain Technology in supply chains. This model addresses multiple dimensions including inter-organizational, intra-organizational, technological, legal, and financial.
M. Revathi, T. Vara Lakshmi, K. Santhosh Kumar Goud
The advent of blockchain technology has introduced a transformative paradigm in supply chain management, offering unprecedented transparency, traceability, and security. This paper explores the application of blockchain technology within the pharmaceutical industry, a sector notorious for its intricate supply chain networks and susceptibility to counterfeit products. By employing a distributed ledger system, blockchain ensures immutable records of transactions, facilitating seamless tracking of pharmaceutical products from manufacturer to end consumer. This abstract delves into the key features of blockchain, such as decentralization, cryptographic security, and smart contracts, elucidating their role in mitigating common challenges faced in pharmaceutical supply chains, including counterfeit drugs, regulatory compliance, and inefficient logistics. Moreover, the abstract examines case studies and pilot projects that have successfully integrated blockchain solutions, highlighting their tangible benefits in enhancing supply chain visibility, reducing operational costs, and fostering trust among stakeholders. As the pharmaceutical industry strives for greater efficiency and integrity in its supply chain operations, the adoption of blockchain technology emerges as a promising avenue for achieving these objectives. This abstract concludes by discussing future directions and potential challenges in the widespread implementation of blockchain within the pharmaceutical supply chain ecosystem.
Healthcare, as a fundamental public service, has undergone extensive efforts spanning decades to elevate both quality and patient satisfaction. Recent strides in information and communication technologies have catalyzed research into medical data sharing, acknowledged as pivotal for delivering high-quality treatment. Nevertheless, the existence of discrete platforms for different services has cultivated data silos among healthcare service providers, posing an impediment to service quality. Concurrently, security issues loom as potential threats to the efficacy of medical data sharing. To tackle these challenges, this article introduces an integrated healthcare service system grounded in blockchain technology, which aims to establish a seamless and trustworthy environment for data sharing among diverse participants within the healthcare community. The proposed system accommodates an array of ancillary services, contributing to an enriched experience for both patients and healthcare providers. The intrinsic attributes of blockchain, such as data immutability and traceability, serve to mitigate the risk of data tampering and leakage, thereby ensuring data security and safeguarding patient privacy. This study substantiates the efficacy of the proposition through extensive experiments, underscoring the potential of blockchain to augment the quality of healthcare services.
Abdul Haseeb, Iqra Bano, Muhammad Umer Abdul Moiz, Ayesha Nasim ¡ 5 authors
This research paper proposes a novel charity system leveraging blockchain technology to address the prevalent transparency and oversight challenges faced by charitable organizations worldwide. The lack of regulation in the current crowd-funding landscape has led to fraudulent campaigns and delayed project completions, severely impacting public enthusiasm for donations. By outlining a comprehensive blueprint, framework, and operational procedures for a blockchain-based charity platform, this study showcases its implementation and validation on the Ethereum network, utilizing blockchain funding ethers. The adoption of this technology aims to enhance transparency in charitable activities, foster public trust, and ultimately propel humanitarian efforts by establishing a more reliable and efficient means of conducting online transactions and donations within the charity sector.
Ahmed Al-Dmour, Rand Al-Dmour, Hani Al-Dmour, Ahmad Samed AlâAdwan
This research explores the impact of blockchain technology on the quality of Accounting Information Systems (AIS) and subsequent business performance in Jordan's commercial banking sector. By surveying 388 participants from various banks, the study applies a quantitative methodology to assess how blockchain usage influences AIS quality and bank performance. Findings indicate a robust positive effect of Blockchain on AIS quality, significantly enhancing business performance. This study confirms the transformative potential of Blockchain in emerging markets and illuminates the pivotal role of AIS quality as a mediator in this relationship. These insights are critical for policymakers, financial institutions, and technology strategists, emphasizing the strategic importance of blockchain technology in enhancing operational efficiency and competitiveness in the banking industry of developing economies.
Blockchain technology, initially designed as the underlying infrastructure for cryptocurrencies like Bitcoin, has evolved into a transformative force with applications across multiple industries. This research paper explores the fundamental principles of blockchain, emphasizing its decentralized and secure nature. It delves into the concept of distributed ledgers, smart contracts, and consensus algorithms, which enable tamper-resistant and transparent data management. The paper discusses real-world applications, including supply chain management, healthcare, finance, and more, showcasing how blockchain is reshaping these sectors. Additionally, it examines challenges, such as scalability and regulatory concerns, and offers insights into the technology's potential future impact.
Taofeek Tunde Okanlawon, Luqman Oyekunle Oyewobi, Richard Ajayi Jimoh
Purpose The construction industry is frequently scrutinised by the public for a variety of issues, including waste, inefficiency, narrow profit margins, scheduling setbacks, budget overruns, quality concerns, trust deficits, transparency issues, coordination challenges, communication issues and fraud. The purpose of this paper is to assess the effect of blockchain technology adoption on the construction supply chain. Design/methodology/approach This study used a quantitative research approach through a questionnaire survey that was conducted among professionals in the Nigerian construction industry using the snowball sampling method, which resulted in a selection of 155 respondents. The collected data were analysed using partial least squares structural equation modelling, enabling a thorough assessment of the proposed relationships and offering valuable insights specific to the construction industry. Findings The studyâs findings validated the conceptual framework established. The results indicated that implementing blockchain across all stages of the construction supply chain has the potential to improve the construction process. The study also revealed that blockchain technology will significantly affect the construction supply chain in a positive manner. Research limitations/implications This research was carried out in the South-western region which is one of the six geo-political zones in Nigeria using a cross-sectional survey method. The study holds implications not only for local construction practices but will also contribute to the broader discourse on national construction sector challenges and possible solutions. Practical implications The findings of this study will be immensely beneficial to both professionals, practitioners and stakeholders in the Nigerian construction industry in learning about the potential of blockchain technology application in improving the construction supply chain. Originality/value The study in this paper constructed and evaluated a conceptual framework by exploring the connections between the variables. The results have significant implications for the construction sector, as they provide avenues for enhancing the construction process and the overall supply chain. These findings are valuable for researchers examining the potential effects of blockchain technology on the construction supply chain.
S. Muthusundari, Seemantula Nischal, S. Sathyanarayanan, Sharath Lingam. S
Blockchain technology has emerged as a promising solution to address the security and efficiency challenges in the healthcare supply chain. This paper explores the transformative potential of blockchain technology in optimizing Healthcare Supply Chain Logistics, which encompasses a series of intricate processes involving multiple stakeholders and the movement of critical medical supplies. Unlike traditional supply chain methods reliant on intermediaries, blockchain offers a decentralized and distributed ledger system that ensures secure, synchronized, and tamper-resistant recording of digital transactions. Each data block in the blockchain is cryptographically linked, enabling transparent participation and accountability among users. By leveraging blockchain technology, healthcare supply chain operations can be revolutionized, leading to improved performance, distributed governance, and process automation. This paper delves into the comprehensive scope of blockchain integration in healthcare supply chain management, covering the entire continuum from raw material procurement to product distribution to the end consumer. Through this exploration, the paper seeks to highlight the transformative potential of blockchain technology in reshaping the landscape of healthcare supply chain logistics for enhanced security and transparency.
Nazir Ullah, Waleed Mugahed Al-Rahmi, Fahad Alblehai, Yudi Fernando ¡ 8 authors
Blockchain technology can potentially be a bedrock for the energy record-keeping system. This study examined several critical factors that affect users' intention to accept Blockchain technology for the Smart grid. The proposed model is based on the Technology Organization Environment framework, which is examined using Structural Equation Modelling. Based on the study findings, it has been indicated that the relative advantage shows a significant effect and matters the most during the Blockchain technology adoption in the Smart grid. The innovativeness, cost saving, and regulatory support also significantly influence the intention to use the Blockchain technology. The innovativeness and traceability show a significant influence on upper management support. The traceability shows a substantial impact on cost savings. However, innovativeness shows an insignificant effect on cost savings. The traceability and competitive pressure do not affect the intention to use the Blockchain technology. This study has extended the Technology Organization Environment theory, which predicts the organizational behavior to adopt the Blockchain technology for the Smart grid. We argue that the finding provides insights to guide the industry to deliver the best practice on the Blockchain technology. The study findings suggest that experts would recognize innovative technology free of effort to raise the determined aids for improving the traditional energy system. Though there are some limits, theoretical and practical implications are justified based on the findings.
Purpose The demand for halal food products is increasing globally. However, fraudulent activities in halal products and certification are also rising. One strategy to ensure halal integrity in the food supply chain is applying halal blockchain technology. However, to date, a few studies have assessed the factors and variables that facilitate or hinder the adoption of this technology. Thus, this study aims to assess the significant factors and variables affecting the adoption of halal blockchain technology. Design/methodology/approach A Delphi-based approach, using semi-structured interviews, was conducted with three food companies (chicken slaughterhouses, milk processing plants and frozen food companies). The cognitive bestâworst method determines the significant factors and variables to prioritise halal blockchain adoption decisions. Findings The results showed that the most significant factors were coercive pressure and halal strategy. Nineteen variables were identified to establish a valid hierarchical structure for halal blockchain adoption in the Indonesian food industry. The five significant variables assessed through the bestâworst method were demand, regulator, supply side, sustainability of the companyâs existence and main customers. Practical implications The proposed halal blockchain decision structure can assist food companies in deciding whether to adopt the technology. Originality/value This study proposes 19 variables that establish a valid hierarchical structure of halal blockchain adoption for the Indonesian food industry.
Block chain technology is a decentralised, distributed ledger that stores the record of ownership of digital assets, any data stored on block chain is unable to be modified, making the technology a legitimate disruptor for industries like payments, cyber security and health care. Block chain technology has the potential to revolutionise interaction between governments, businesses and citizens in a manner that was unfathomable just a decade ago. Block chain has emerged to become a potentially transformative force in multiple aspects of government and private sector operations. Its potential has been recognized globally with a variety of international organisations and technology companies highlighting the benefits of its application in reducing the costs of operations and compliance, as well as in improving efficiencies .Future of Blockchain in the Finance Industry, Cybersecurity, Digital Advertising, Supply Chain Management and so on will ensure transparency in governance, ensure less cybercrime, to promote marketing, reduce the human error with less cost and time. The study objective is to identify the country which supports blockchain, influencing factors and its impact on future of block chain. To achieve this objective, case study method is used, five different cases are taken to prove how the blockchain methodology support the managerial functions in various aspects. The study findings are supported by the advantages of using blockchain, how it helps the nations to reduce the time taken to accomplish the goals with transparency, to maximise the efficiency by adaptation of blockchain technology and to reduce the human intervention thereby reducing the prevalent cyber crime.
Mr. Omkar R Meher -, Mr. Shivam S Singh -, Mr. Nikhil D Mundokar -, Mr. Tejas B Choudhari - ¡ 5 authors
In today's increasingly digital world, the verification of documents and identities is paramount across a multitude of industries, from finance and healthcare to legal and education. Traditional methods of document verification often involve timeconsuming and costly processes, which are vulnerable to fraud and data breaches. To address these challenges, blockchain technology has emerged as a revolutionary solution, offering a decentralized, secure, and tamper-proof platform for digital document verification.This paper explores the concept of Digital Document Verification using blockchain technology. It delves into the fundamental principles of blockchain, emphasizing its distributed ledger architecture and cryptographic security features, which are crucial for building trust and ensuring the integrity of verified documents. Furthermore, this research elucidates how blockchain's immutability and transparency contribute to a robust framework for document verification. 1. Identity Verification: Blockchain enables the creation of immutable digital identities, making it possible to securely verify individuals' identities without the need for centralized intermediaries. Supply Chain Documentation: Businesses can track and verify the authenticity ofsupply chain documents, such as invoices, contracts, and shipping records, reducing fraud and errors.
Purpose This study aims to examine the effect of audit clientâs use of blockchain (BC) on auditing accounting estimates (AEs), especially the inherent risk (IR), control risk (CR) and collection of audit evidence. Design/methodology/approach The study used a questionnaire to collect data for a sample of 249 auditors. A partial least squares method is used to test the hypotheses. Findings The results showed positive relationship between audit clientâs use of BC and both IR and CR when auditing AEs. The results also showed the BC improves the collection of sufficient and appropriate audit evidence when auditing AEs. Research limitations/implications This study did not address all the risks associated with auditing AEs, including fraud, detection, sampling and nonsampling risks, and the procedures and tests for auditing AEs. Practical implications There are several implications of this research, including that it informs the revision of auditing standards and guidelines to correspond with successive technological changes, which subsequently clarify the roles and responsibilities of auditors, and the study findings will also cause changes to the design and form of audit procedures so as to obtain sufficient and appropriate audit evidence. Originality/value To the best of the authorsâ knowledge, this study is considered the first of its kind that deals with the effects of audit clientâs use of BC on audit AEs in the Middle East and North Africa region. This study also presented different sets of measures as proxies for measuring IR, CR and AE.