Blockchain technology design in accounting: Game changer to tackle fraud or technological fairy tale?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Piera Centobelli ◽  
Roberto Cerchione ◽  
Pasquale Del Vecchio ◽  
Eugenio Oropallo ◽  
Giustina Secundo
Keyword(s):  
Conceptual Framework ◽  
Fairy Tale ◽  
Design Science ◽  
Distributed Database ◽  
Full Potential ◽  
Content Type ◽  
Technological Infrastructure ◽  
Strategic Issues ◽  
Blockchain Technology ◽  
Private Network

PurposeThis paper aims to design, build and evaluate a blockchain platform in the accounting domain, taking an ecosystem perspective. To achieve this aim, the research provides evidence for developing a decentralised architecture rooted on blockchain technology, designing a proof of concept and modelling an accounting blockchain-based system.Design/methodology/approachMoving from the analysis of previous literature and leveraging on the design science approach, this paper provides a framework grounded on the main pillars of blockchain and accounting functions, identifying technical and non-technical issues that must be addressed embrace blockchain technology's full potential.FindingsWe propose and discuss a conceptual framework for a blockchain-based accounting context, moving from the identification of a typical accounting scenario. The framework is organised around three scalable levels: the first level is a technological infrastructure based on a distributed database with peer-to-peer storage; second, in the intermediate level, increasing control levels are assured through permissions and validation and third, in the higher level, the system provides the integration of business and security applications. The deployment of this system relies on a private network of nodes that validates transactions.Practical implicationsThe proposed conceptual framework about blockchain development in accounting allows closing the knowledge gap between blockchain developers and accounting experts by suggesting technological and strategic issues for practitioners.Originality/valueWe provide practical guidelines to design and adopt blockchain in the accounting domain.

scholarly journals Blockchain technology in commercial real estate transactions

2019 ◽  
Vol 37 (6) ◽  
pp. 570-579 ◽  
Author(s):  
Hugo Pieter Wouda ◽  
Raymond Opdenakker
Keyword(s):  
Real Estate ◽  
Design Science ◽  
Science Research ◽  
Commercial Real Estate ◽  
Office Building ◽  
Content Type ◽  
Blockchain Technology ◽  
Transaction Process ◽  
Current Transaction ◽  
Pain Points

Purpose The transaction process of an office building is known to be time consuming and inefficient, in part due to the lack of market transparency. The purpose of this paper is to focus on the development of a blockchain application that can improve the transaction process of office buildings in the Netherlands. Design/methodology/approach Conducting design science research, the current transaction process of an office building and status quo of blockchain technology in real estate is investigated. Subsequently, multiple parties are interviewed to define major pain points within the process. The interview findings are used to design a blockchain solution which overcomes the aforementioned pain points. After designing, the interviewees are asked again to pragmatically validate the proposed model. Findings One of the major pain points identified concerning the transaction process of an office building is that it is difficult to define the characteristics of a property, due to lack of data structure and quality. The proposed application improves the way specific assets are understood by structuring physical and contractual information in one place and guarantees the quality of the data by using the blockchain mechanisms. Practical implications A blockchain application is proposed, which can improve the transaction process of an office building. Originality/value Recent studies indicate that blockchain technology could lead to improvements in efficiency, transparency and therefore trust within the transaction process. Therefore, the proposed application is of value for the future of real estate data management and the transaction process.

Blockchain and its implications for accounting and auditing

2019 ◽  
Vol 27 (5) ◽  
pp. 725-740 ◽  
Author(s):  
Enrique Bonsón ◽  
Michaela Bednárová
Keyword(s):  
Information Quality ◽  
Full Potential ◽  
Accounting System ◽  
Business And Society ◽  
Accounting Quality ◽  
Content Type ◽  
General Overview ◽  
Blockchain Technology ◽  
Digital Era ◽  
Technological Developments

Purpose Technological developments such as blockchain seem to be the next step in a digital era and might reshape the way we do business. They are expected to have an impact on both business and society in the next few decades. This paper aims to provide general insights into blockchain technology and the extent to which it might transform the accounting system. Design/methodology/approach Analysing the previous literature, the paper provides a general overview of this phenomenon, identifying pending technical as well as non-technical issues that will have to be addressed for the full potential of blockchain technology to be embraced. The paper also proposes ways in which the information quality dimension might be improved. Findings The paper identifies the pending challenges for blockchain, such as scalability, flexibility, a suitable architecture and cybersecurity. Additionally, to integrate blockchain technology fully into a real accounting ecosystem, a consensus between regulators, auditors and other parties is needed. Originality/value A general overview of this new phenomenon, as well as a summary of how the quality of accounting information might be improved, is provided. Given that it features elements such as decentralization and transparency, blockchain certainly has the potential to improve information and accounting quality.

Exploring the common blockchain adoption enablers: the case of three Italian wineries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Antonino Galati ◽  
Demetris Vrontis ◽  
Benedetto Giorlando ◽  
Marcella Giacomarra ◽  
Maria Crescimanno
Keyword(s):  
Conceptual Framework ◽  
Dynamic Capabilities ◽  
Secondary Data ◽  
Wine Industry ◽  
Enabling Factors ◽  
Content Type ◽  
Factors Affecting ◽  
Dominant Logic ◽  
Study Approach ◽  
Blockchain Technology

Purpose This study aims to explore and describe the main enabling factors affecting the implementation of blockchain technology (BCT) in a strategic sector such as the wine industry, as well as the motivation behind this choice. Design/methodology/approach In light of the novelty of the phenomenon studied, a case study approach was adopted analyzing three Italian wineries. A conceptual framework, based on the dynamic capabilities, absorptive capacity and dominant logic theories, was developed. Primary and secondary data were collected. Findings Results show that wineries working in a highly dynamic and competitive market invest more in knowledge acquisition and internal assimilation and less in transformation and exploitation of acquired knowledge, in particular preferring to outsource the application phase of BCT. The particularity of the wine industry, indeed, demonstrates the existence of hybrid alternatives in which exploration and exploitation processes can be balanced. These findings confirm the value of the conceptual framework developed to explain how wineries implement BCT in their business. Research limitations/implications The present work must be considered in light of the research scope and its qualitative nature. Practical implications Findings suggest that the adoption of BCT depends on the wineries’ ability to invest more in effective knowledge management systems to acquire and assimilate knowledge internally and in managerial skills and dominant logic that become strategic resources that can improve their innovation performance. Originality/value Compared to previous studies on BCT adoption in the wine industry, this work helps us to better understand how wineries implement BCT as it focuses on their ability to acquire, manage and capitalize on the flow of knowledge, as a strategic resource, which forms the basis for creating dynamic capabilities and value. Findings are of interest to develop strategies aimed to ensure the effectiveness of this innovation in a strategic sector.

scholarly journals Using blockchain to build trusted LoRaWAN sharing server

2017 ◽  
Vol 1 (3) ◽  
pp. 270-280 ◽  
Author(s):  
Jun Lin ◽  
Zhiqi Shen ◽  
Chunyan Miao ◽  
Siyuan Liu
Keyword(s):  
Mobile Network ◽  
Wide Area ◽  
Architecture Design ◽  
Network Coverage ◽  
Private Companies ◽  
Content Type ◽  
Blockchain Technology ◽  
Private Network ◽  
Mobile Network Operators ◽  
The Internet Of Things

Purpose With the rapid growth of the Internet of Things (IoT) market and requirement, low power wide area (LPWA) technologies have become popular. In various LPWA technologies, Narrow Band IoT (NB-IoT) and long range (LoRa) are two main leading competitive technologies. Compared with NB-IoT networks, which are mainly built and managed by mobile network operators, LoRa wide area networks (LoRaWAN) are mainly operated by private companies or organizations, which suggests two issues: trust of the private network operators and lack of network coverage. This study aims to propose a conceptual architecture design of a blockchain built-in solution for LoRaWAN network servers to solve these two issues for LoRaWAN IoT solution. Design/methodology/approach The study proposed modeling, model analysis and architecture design. Findings The proposed solution uses the blockchain technology to build an open, trusted, decentralized and tamper-proof system, which provides the indisputable mechanism to verify that the data of a transaction has existed at a specific time in the network. Originality/value To the best of our knowledge, this is the first work that integrates blockchain technology and LoRaWAN IoT technology.

scholarly journals A Systematic Literature Review of Blockchain Technology Adoption in Bangladesh

2022 ◽  
Vol 6 (1) ◽  
pp. 1-30
Author(s):  
Abdullah Al Hussain ◽  
Md. Akhtaruzzaman Emon ◽  
Toufiq Ahmed Tanna ◽  
Rasel Iqbal Emon ◽  
Md. Mehedi Hassan Onik
Keyword(s):  
Technology Adoption ◽  
Technology Acceptance ◽  
Distributed Database ◽  
Security And Privacy ◽  
Disruptive Technology ◽  
Full Potential ◽  
Theoretical Concepts ◽  
Blockchain Technology ◽  
Study Results ◽  
The Government

The spirit of “blockchain technology” is a distributed database in which saved data is transparent, accountable, public, immutable, and traceable. This base-level disruptive technology can boost the security and privacy-related efficiency of various domains. As Bangladesh is currently aiming for sustainable development, blockchain technology adoption by the local researchers is growing robustly. However, in Bangladesh, the blockchain Technology Acceptance Model (TAM) is not yet well structured which is also limiting the perspective of local developers and researchers. Therefore, sectors like governance, healthcare, security, privacy, farming, information authentication, cryptocurrencies, internet architecture, data, and so on are unable to utilize the full potential of this technology. In this research, the authors conduct an in-depth review of such types of blockchain technology-related research articles that have been published recently and are also solely focused on Bangladesh. From 5 publishers (IEEE Xplore, ACM, ScienceDirect, Taylor & Francis, and SpringerLink) this study analyses 70 articles published during the year 2016-2020. The study results find the top 13 sectors where Bangladeshi researchers are currently focusing on. Those studies identify that the rigid policy by the government, scarcity of expert researchers, and lack of resources are the main reasons why Bangladesh is still struggling to accommodate blockchain extensively. In addition, published papers are mostly based on theoretical concepts without an appropriate implementation. Finally, this study will be a great resource to the developers, entrepreneurs, and technology enthusiasts to determine the strategic plan for adopting blockchain technology in Bangladesh or even to any other developing country.

Blockchain technology in financial services: a comprehensive review of the literature

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abhinav Pal ◽  
Chandan Kumar Tiwari ◽  
Aastha Behl
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Financial Services ◽  
Distributed Database ◽  
Research Literature ◽  
Comprehensive Review ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Blockchain Technology

Purpose The purpose of this study is to thoroughly review studies that have used blockchain technology in financial services. This study will help provide a holistic framework that would highlight the current state and challenges of the blockchain in the financial services sector. Design/methodology/approach The objective of this study is to systematically examine and organize the current body of research literature that either quantitatively or qualitatively explored the use of blockchain technology in financial services. The study uses PRISMA-guided systematic review along with bibliometric analysis to achieve the purpose. Findings This study contributes to the existing literature by exploring and analyzing systematic studies available on blockchain with special reference to financial services sector. With blockchain based on five principles, namely, computational logic, peer-to-peer transmission, irreversibility of records, distributed database and transparency with pseudonym has immense potential to unleash and transform the financial service industry. With increasing blockchain-based operations of decentralized banking, insurance, trade finance, financial markets and cryptocurrency market, the subject is rapidly growing and seeking considerable contribution from scholars from around the world. Research limitations/implications This study uses systematic literature review approach, which has its own demerits. Like other studies based on Systematic Literature Review, this study also suffers from a certain bias such as sample selection bias, publication bias, data interpretation and the combination of quantitative and qualitative studies in the population. Further, the adoption and resultant benefits of blockchain have not been empirically tested. Practical implications This study can help policymakers and institutions in determining their future course of action, as it highlights the state of research in the area of blockchain technology and financial services. Originality/value Very few studies have done a comprehensive review of literature on blockchain in financial services.

Assuring materials availability during the production transfer process

2014 ◽  
Vol 25 (3) ◽  
pp. 310-333 ◽  
Author(s):  
Anna Fredriksson ◽  
Carl Wänström ◽  
Lars Medbo
Keyword(s):  
Conceptual Framework ◽  
Design Methodology ◽  
Time Frame ◽  
Content Type ◽  
Strategic Issues ◽  
Proactive Approach ◽  
Start Up ◽  
Materials Planning ◽  
The Impact ◽  
Practical Implications

Purpose – The materials planning (MP) environment sets the prerequisites for the MP process. Before and during production transfer and start-up (PTS) supply chain uncertainty of the MP environment increases, as the company goes from a known to an unknown situation. The purpose of this paper is to describe the impact of the MP environment on the MP process before and during PTS. Design/methodology/approach – A conceptual framework describing the MP environment before and during PTS is developed and applied to one case of outsourcing from Sweden to China. The framework is based on a literature review and further evaluated by both researchers and managers. Findings – A conceptual framework describing the dynamic MP environment before and during PTS has been developed compared to previously static MP environments descriptions. In addition, this framework proved to be useful in analysing the importance of various characteristics of the MP environment before and during PTS. Practical implications – The study highlights the importance of a proactive approach to materials availability when transferring production. The conceptual framework developed here can be used as a checklist to identify the characteristics of the MP environment that are most important to ensuring materials availability. Originality/value – The paper highlights the PTS when outsourcing, a substantial time frame with a large impact on success. This is an important contribution, given the focus of previous outsourcing research on strategic issues. Further, the paper demonstrates the differences between static and dynamic MP environments.

Toward collaborative networking among innovation laboratories: a conceptual framework

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Atia Bano Memon ◽  
Kyrill Meyer ◽  
Muhammad Nawaz Tunio
Keyword(s):  
Conceptual Framework ◽  
Ad Hoc ◽  
Design Science ◽  
Innovation Process ◽  
Science Research ◽  
Business Organizations ◽  
Content Type ◽  
Collaborative Networking ◽  
Horizontal Collaboration ◽  
Collaborative Activities

Purpose The purpose of this paper is to suggest a conceptual framework of collaborative networking among structurally and functionally varying types of Innovation Laboratories, which will enable them to leverage upon diverse competencies of each other and thereby facilitate their clients (business organizations) throughout the innovation process. Design/methodology/approach The conceptual framework proposed herein is oriented around design science research, whereby the important constructs underpinning the development of framework are identified from existing literature. The framework is based upon two constructs, service-based categorization of extant Innovation Laboratories, and concepts of horizontal and vertical modes of inter-InnoLab collaboration (collaboration among Innovation Laboratories). The framework is subsequently developed in iterations based on experts’ views and discussions. Findings The conceptual framework presents eight different opportunities of interconnection among Innovation Laboratories including the four horizontal collaboration possibilities as network of mentors, network of process intermediaries, network of resource providers and network of network coordinators which are followed by four subsequent vertical collaboration possibilities among these horizontal collaboration networks. The proposed collaborative network of Innovation Laboratories enables undertaking of complete innovation process with four possible entry and four possible exit points for business organizations. Originality/value The conceptual framework proposed herein is first of its kind to suggest a worldwide collaborative networking among Innovation Laboratories. The applicability and usefulness of the framework is supported by the existing ad hoc type individual collaborative activities being exercised by different kinds of Innovation Laboratories as reported by Innovation Laboratory facilitators and observed in practical field.

scholarly journals Which technology to which challenge in democratic governance? An approach using design science research

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Maria Anastasiadou ◽  
Vitor Santos ◽  
Filipe Montargil
Keyword(s):  
Political Participation ◽  
Conceptual Framework ◽  
Information Technologies ◽  
Design Science ◽  
Science Research ◽  
Design Science Research ◽  
Democratic Governance ◽  
Digital Government ◽  
Content Type ◽  
The Impact

Purpose Information systems (IS) play an important role in contemporary society, but critical questions remain on their potential use and impact on democracy. This study aims to contribute to the discussion on which technology can be adequate to which major challenge of democratic governance, through the identification and pairing of challenges of democratic governance with specific information technologies with the potential to be used in applications related to this challenge. This perspective can be considered positioned in the confluence between IS, political science and public administration. Design/methodology/approach Design science research, a research approach in IS, was used. The suggestion of a conceptual framework with pairs of challenges in democratic governance and information technologies was initially developed. In a subsequent phase, this framework was discussed and assessed through interviews with a panel of selected experts in e-government and IS, reaching a revised conceptual framework. Findings Results suggest that the conceptual pairing of challenges in democratic governance with IS’s solutions such as artificial intelligence, systems integration or blockchain technologies, for instance, if used in a critical, transparent and accountable way, can play a role in capacitating the delivery of better public services and contribute to encouraging citizen trust and political participation. These results may contribute to open a methodological agenda dedicated to the selection of adequate IS resources to address specific challenges of democratic governance, as well as to help in the development of public policies in the area. Originality/value Previous studies on digital government offer important insights on the impact of information and communication technologies-enabled public governance tools for government openness, public service efficiency and user-friendliness, and for citizen political participation and societal mobilization. But the literature still lacks a systematic conceptual framework mapping and assessing the role of distinctive IS instruments in democratic challenge-solving and specifying functional relationships between specific technology and democratic outcomes. This paper aims to contribute to filling this analytical gap.

Effect of blockchain technology adoption on supply chain adaptability, agility, alignment and performance

2019 ◽  
Vol 42 (12) ◽  
pp. 1353-1374 ◽  
Author(s):  
Ashutosh Sheel ◽  
Vishnu Nath
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Competitive Advantage ◽  
Conceptual Framework ◽  
Information Needs ◽  
Extensive Literature ◽  
Strategic Choices ◽  
Content Type ◽  
Blockchain Technology ◽  
Improve Supply Chain

Purpose The purpose of this paper is to illustrate how blockchain technology can improve supply chain adaptability, alignment and agility which collectively enhance competitive advantage which in turn influences firm performance. Design/methodology/approach The conceptual framework of the present study is developed by conducting an extensive literature review on blockchain technology, supply chain adaptability, alignment, agility and competitive advantage. The sample data were collected from 397 supply chain practitioners in India to validate the conceptual model. Confirmatory factor analysis was conducted to ascertain the validity of the measures used and a structural model was analyzed for testing the proposed conceptual framework. Findings The results of the present study show that blockchain technology can improve supply chain adaptability, alignment, agility which lead to competitive advantage, which leads to better firm performance. Besides, trust generated through blockchain use also increases firm performance. Research limitations/implications Currently, the respondents do not have practical experience of using blockchain technology. They have responded based on their knowledge about supply chain and blockchain which they acquired from published sources. Different supply chains require different strategic choices and different information needs. But the present study assumes that all supply chain needs are identical. The present study assumes that government regulations regarding blockchain technology are favorable; however, currently, there is no legal framework to address blockchain technology. The findings of the current study indicate that companies not only should create more awareness regarding blockchain but also should actively work with IT companies that are engaged in developing blockchain-based supply chain solution. Managers, as well as IT companies and academicians, should join hands to study and develop a framework for regulating blockchain technology and suggest these to the policy actors. Practical implications The present study shows that supply chain practitioners are confident that blockchain technology will help improve supply chain parameters. These findings can help IT companies and their marketers for developing and promoting blockchain-based IT applications. In addition, the important implication for supply chain practitioners is that blockchain helps in creating a competitive advantage and increases firm performance. Originality/value The effect of IT on important supply chain variables has been studied in the past; however, there is not a single study which sheds light on how disruptive technologies such as blockchain will affect supply chain adaptability, alignment, agility and firm performance.

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