The adoption of blockchain technology in the financial sector during the era of fourth industrial revolution: a moderated mediated model

2021 ◽  
Author(s):  
Mahmoona Khalil ◽  
Kausar Fiaz Khawaja ◽  
Muddassar Sarfraz
Keyword(s):  
Industrial Revolution ◽  
Financial Sector ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology

scholarly journals Blockchain and its Application

2021 ◽  
Vol 2 (2) ◽  
pp. 1-13
Author(s):  
Smita Ghosh ◽  
Keyword(s):  
Health Care ◽  
Information Technology ◽  
Industrial Revolution ◽  
Financial Sector ◽  
Current Paper ◽  
Steam Engine ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
Digital Services

In this research investigation into Blockchain Technology, its current use and other possible implementation of this protocol are explored. Blockchain offers opportunities for developing advanced digital services. While current research on this becoming the most important issue which must be well addressed. As part of the fourth industrial revolution since the invention of the steam engine, electricity, information technology, Blockchain Technology has been applied in many areas such as finance, judiciary, and commerce. In this current paper, we focused on its potential Voting Application and explore how Blockchain Technology can be used to solve Health Care Issues, Land Registry, Any Financial Sector, etc. Some innovative applications of using blockchain technology for different sectors we also discussed.

Strengthening Islamic Finance in South-East Asia Through Innovation of Islamic FinTech in Brunei Darussalam

2020 ◽  
pp. 202-226
Author(s):  
Abdurrahman Raden Aji Haqqi
Keyword(s):  
East Asia ◽  
Financial Services ◽  
Industrial Revolution ◽  
Financial Sector ◽  
Islamic Finance ◽  
South East Asia ◽  
Significant Challenge ◽  
Fourth Industrial Revolution ◽  
Brunei Darussalam ◽  
Descriptive Method

Fintech solutions can revolutionize Islamic financial services and leverage on the so-called ‘Fourth Industrial Revolution' which is the movement towards combining everyday aspects of our lives, such as finance, into the digital realm that will help increase speed, efficiency, and convenience. The most significant challenge for all countries pursuing Fintech is regulating the industry. Following the issuance of the Financial Sector Blueprint, the Fintech Unit was established under Autoriti Monitori Brunei Darussalam (AMBD). AMBD envisions a vibrant economy powered by ICT through ICT-Smart Citizens as well as being a connected and efficient nation. This chapter discusses the application of Fintech specifically in Islamic finance sector based on the descriptive method of research by concentrating on its regulations. At the end, the research found that though Fintech in Islamic finance sector has been done since it's emerging through Guidelines Fintech Regulatory Sandbox Guidelines Islamic financial Fintech will be strengthened and developed and more diversified.

scholarly journals Autochain platform: expert automatic algorithm Blockchain technology for house rental dApp image application model

2020 ◽  
Vol 2020 (1) ◽  
Author(s):  
Seong-Kyu Kim ◽  
Jun-Ho Huh
Keyword(s):  
Industrial Revolution ◽  
Smart Contracts ◽  
Storage Method ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
Application Model ◽  
The World ◽  
Automatic Algorithm ◽  
Centralized System ◽  
Database Storage

Abstract This paper deals with the current Blockchain adopted in the various types of trading markets supporting smart contracts that process text-based transaction information only when exchanging cryptocurrencies. Even though the Blockchain itself is decentralized, services can still be provided through a centralized system in order to provide adequate services to the users. It also allows the Autochain to apply Blockchain technology to existing businesses conducted under the Fourth Industrial Revolution to realize higher productivity or competitiveness and improve profitability to a remarkable extent. The Autochain is adaptable to all Blockchain technologies, companies, or research works around the world to overcome the limitations of the existing Blockchain technology. It creates the Blockchain-platform ecology chain and ecosystem, making our lives more convenient while revolutionizing every industry. In addition, it automates all Blockchain-based systems and offers a base for constructing a system wherein everyone can easily provide, operate, and maintain Blockchain services. This paper discusses a number of Blockchain-related technologies and presents a decentralized Application (dApp) exclusively designed for mobile use, taking house rental service as an example. It also presents the existing Blockchain and the Blockchain database storage method and proposes the dApp based on it.

scholarly journals Fourth Industrial Revolution: Noonomy in a Progressive World

2020 ◽  
Vol 8 (1) ◽  
pp. 16-20
Author(s):  
Svetlana Murtuzalieva ◽  
Irina Bursevich ◽  
Sergey Murtuzaliev
Keyword(s):  
Product Life Cycle ◽  
Industrial Revolution ◽  
Life Cycle Management ◽  
Information Storage ◽  
Enterprise Management ◽  
Similar System ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
Enterprise Management System ◽  
Types Of Information

This article discusses the possibility of using blockchain technology to improve the enterprise management system. The features of the fourth industrial revolution, new types of information storage and processing systems, and product life cycle management are described. Various perspectives of the application of the block structure of the blockchain are detailed and disclosed. The possibilities of introducing blockchain technology into the activities of the enterprise are analyzed. Also, for the identified problems of working with a similar system, possible solutions have been analyzed.

scholarly journals Blockchain and Decentralized Money System: Principles of Building and Ways of Its Development

2020 ◽  
Vol 30 (1) ◽  
pp. 79-88
Author(s):  
Margarita Zhigas ◽  
Svetlana Kuzmina
Keyword(s):  
Industrial Revolution ◽  
Innovation Process ◽  
Technological Changes ◽  
Financial Industry ◽  
Advantages And Disadvantages ◽  
Fourth Industrial Revolution ◽  
Monetary System ◽  
Blockchain Technology ◽  
Banking Market ◽  
The Impact

The article considers the origins of the fourth industrial revolution, the impact of new IT processes and their integration into society and economy. The authors focus on the idea of creating a cryptocurrency Bitcoin and a new payment system based on the blockchain platform. The innovative components of blockchain technology are presented. The technological changes caused by its development are analyzed. The problems of the financial industry and the technological processes occurring in the banking market are analyzed in detail. The prerequisites and the innovation process of the formation of a decentralized monetary system are explained. The authors propose a new concept of «parallel money systems» and formulate the principles of centra­lized and decentralized approaches to the organization of the monetary system. The features of building a decentralized monetary system are described; its advantages and disadvantages are formulated. A number of arguments in favor of the validity of the adoption of the new form of the monetary system is given and substantiated; the difficulties of its development are analyzed.

scholarly journals Blockchain-Based Model to Improve the Performance of the Next-Generation Digital Supply Chain

2021 ◽  
Vol 13 (18) ◽  
pp. 10008
Author(s):  
Sumit Kumar Rana ◽  
Hee-Cheol Kim ◽  
Subhendu Kumar Pani ◽  
Sanjeev Kumar Rana ◽  
Moon-Il Joo ◽  
...  
Keyword(s):  
Supply Chain ◽  
Industrial Revolution ◽  
Emerging Technologies ◽  
Chain Process ◽  
Next Generation ◽  
Improve Performance ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
Proposed Model ◽  
Supply Chain Process

In the era of the fourth industrial revolution, all aspects of the industrial domain are being affected by emerging technologies. Digitalization of every process is taking place or under process. One of the most important components common to every domain is the supply chain process. Organizations employ a digital supply chain to track the delivery of their products or materials. The digital supply chain is still suffering from a few issues such as no provenance, less transparency, and a trust issue. Blockchain technology, one of the emerging technologies, can be integrated with the supply chain to deal with the existing issues and to improve its performance. In this paper, a model is proposed to integrate blockchain technology with the supply chain to improve performance. The proposed model uses the combination of the Ethereum blockchain and the interplanetary file system to maintain the traceability, transparency, and trustworthiness of the supply chain.

scholarly journals Application of Blockchain Technology for iLearning Student Assessment

2020 ◽  
Vol 14 (2) ◽  
pp. 209
Author(s):  
Sudaryono Sudaryono ◽  
Qurotul Aini ◽  
Ninda Lutfiani ◽  
Firman Hanafi ◽  
Untung Rahardja
Keyword(s):  
Data Security ◽  
Industrial Revolution ◽  
Student Assessment ◽  
Mapping Method ◽  
Mind Mapping ◽  
The Core ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
Core Technology ◽  
The Mind

Blockchain is the core technology used to create cryptocurrencies, such as Bitcoin. As one part of the fourth industrial Revolution since the invention of steam engines, electricity, and information technology, blockchain technology has begun to be applied in areas such as finance, judiciary, and trade. Blockchain technology uses decentralized, distributed and transparency techniques for data security. This research aims to determine the implementation of blockchain technology in the field of education, especially in the Data Security section. The study uses two methods namely the mind mapping method and literature review. The results of this study showed that with the presence of blockchain technology, the data is more secure from attacks from both inside and outside because it passes through two levels of security, namely encryption and decentralized data.

Application of Blockchain in Libraries and Information Centers

2021 ◽  
pp. 384-397
Author(s):  
Isaiah Michael Omame ◽  
Juliet C. Alex-Nmecha
Keyword(s):  
Data Management ◽  
Industrial Revolution ◽  
Information Science ◽  
Research Data ◽  
Fourth Generation ◽  
Library And Information Science ◽  
Collection Development ◽  
Fourth Industrial Revolution ◽  
Research Data Management ◽  
Blockchain Technology

This chapter explored the concept and application of blockchain technology in libraries and information centers. Blockchain is one of the emerging technologies thriving in the fourth industrial revolution. It is the application of cryptography for creating a time-stamped, immutable, and dynamic database, distributed across nodes in a network. Although its emergence began with cryptocurrencies, advancement in this technology has given birth to a fourth generation of blockchain with industrial disruptive capabilities, cutting across various fields including library and information science. Accordingly, the application of blockchain in libraries and information centers was thoroughly examined. Specifically, the chapter underscored the application of blockchain in circulation services, collection development, storage and archiving of records, research data management, cataloging and classification, indexing and abstracting, digital first right (DFR), etc. Lastly, the merits and demerits of blockchain in libraries and information centers were furnished accordingly.

scholarly journals The Fourth Industrial Revolution of Healthcare Information Technology: Key Business Components to Unlock the Value of a Blockchain-Enabled Solution

2020 ◽  
Author(s):  
Ann Ingraham ◽  
Jim St. Clair
Keyword(s):  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Healthcare Information Technology ◽  
World Economic Forum ◽  
Goods And Services ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
New Business ◽  
World Economic

Editor’s note: This article is one of an ongoing series covering topics published in conjunction with the Health Information Management and Systems Society (HIMSS) describing the development of blockchain technology and its applicability to healthcare.  As described by the World Economic Forum (WEF),1 the fourth industrial revolution is here and is changing business models across every industry vertical. This revolution includes digital technology, big data, artificial intelligence, distributed ledger technology (DLT, or blockchain), and analytics, and represents new ways in which technology is being integrated into societies. This changing interaction with technology will impact business models. Traditional business models are historically based on a centralized framework for delivery of goods and services to the consumer. The new business model is based on the decentralization of the creation and delivery of goods and services. At the core of the new model, organizations must demonstrate value-creation and value-delivery, while ensuring their solutions are secure, scalable, and interoperable to remain competitive. A decentralized business model built on a blockchain framework can provide the decentralization and security needed for this industry shift. 

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