Blockchain technology and enterprise operational capabilities: An empirical test

2020 ◽  
Vol 52 ◽  
pp. 101946 ◽  
Author(s):  
Xiongfeng Pan ◽  
Xianyou Pan ◽  
Malin Song ◽  
Bowei Ai ◽  
Yang Ming
2020 ◽  
Vol 66 (10) ◽  
pp. 4378-4396 ◽  
Author(s):  
Jiri Chod ◽  
Nikolaos Trichakis ◽  
Gerry Tsoukalas ◽  
Henry Aspegren ◽  
Mark Weber

We develop a theory that shows signaling a firm’s fundamental quality (e.g., its operational capabilities) to lenders through inventory transactions to be more efficient—it leads to less costly operational distortions—than signaling through loan requests, and we characterize how the efficiency gains depend on firm operational characteristics, such as operating costs, market size, and inventory salvage value. Signaling through inventory being only tenable when inventory transactions are verifiable at low enough cost, we then turn our attention to how this verifiability can be achieved in practice and argue that blockchain technology could enable it more efficiently than traditional monitoring mechanisms. To demonstrate, we develop b_verify, an open-source blockchain protocol that leverages Bitcoin to provide supply chain transparency at scale and in a cost-effective way. The paper identifies an important benefit of blockchain adoption—by opening a window of transparency into a firm’s supply chain, blockchain technology furnishes the ability to secure favorable financing terms at lower signaling costs. Furthermore, the analysis of the preferred signaling mode sheds light on what types of firms or supply chains would stand to benefit the most from this use of blockchain technology. This paper was accepted by Victor Martínez-de-Albéniz, operations management.


2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Yupeng Li ◽  
Kitak Kim ◽  
Yu Ding

Problems such as excessive centralization of sports industry operations, unclear value, and lack of IP protection hinder the benign interaction between various formats of the sports industry and the healthy operation of the industrial ecosystem. This article is aimed at studying the use of the decentralization, openness and transparency, smart contracts, copyright traceability, and other characteristics of the BT to construct a PCMR model, which can solve the pain points faced by the sports industry ecosystem in a targeted manner, and forming a way to reconstruct trust, the specific implementation path of the integration of BT and sports industry with mechanism as the core. This paper proposes blockchain network and data communication algorithms such as consensus algorithm, signature core algorithm, and practical Byzantine fault-tolerant algorithm to provide technical support for the application of blockchain technology in the sports industry ecosystem and, at the same time, provide technical support for blockchain network and data communication. The feasibility analysis of the application of the sports industry ecosystem is proposed, and the implementation path of the blockchain network and data communication to reconstruct the sports industry ecosystem is analyzed. Finally, the empirical test of the support of blockchain sports to the sports industry is carried out. By analyzing the panel data of 240 observations of 48 listed companies in 5 years as a sample of the sports industry, the experimental results show that the dominant modulus of the sample does not have other differences, and the leftovers all pass significance test at the 10% level at least, denoting that the fundamental sample is more rational.


2010 ◽  
Author(s):  
Irwin J. Jose ◽  
Rustin D. Meyer ◽  
Richard Hermida ◽  
Vivek Khare ◽  
Reeshad S. Dalal

2009 ◽  
Author(s):  
Erica Wohldmann ◽  
Jill Quilici ◽  
Chrislyn Nefas ◽  
Kisha Eltagonde

Author(s):  
Shreya Joshi ◽  
Ms Bhavyaa ◽  
Suhani Gupta ◽  
Lalita Luthra

Blockchain is considered to be a disruptive core technology. Although many researchers have realized the importance of blockchain, but the research of it is still emerging. It is the record-keeping technology behind bitcoin and is one of the hottest and fastest growing skills in the IT sector today. It serves as an immutable ledger which allows transactions to take place in a decentralized man Blockchain-based applications are rising up, covering numerous fields including finance, healthcare, product management, Internet of Things (IoT), and many more. However, there are still some challenges of blockchain technology such as scalability and security problems which need to be overcome. This paper comprises of a comprehensive study of Blockchain technology. We have included here a deep dive into how blockchains work, its architecture, consensus and various applications. Furthermore, technical challenges are briefly listed.


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