scholarly journals Blockchain Technology: Challenges and Opportunities in the World of Indirect Taxes

2021 ◽  
Vol 12 (3) ◽  
pp. 4473-4482
Author(s):  
Suhas Saini Et.al
Keyword(s):  
Real Time ◽  
Tax Evasion ◽  
Proof System ◽  
Blockchain Technology ◽  
The World ◽  
Indirect Taxes ◽  
Challenges And Opportunities ◽  
Block Chain

Blockchain Technology revolutionize the market of digitization. Blockchain technology has also emerged as a solution in case of indirect taxes also. This technology can transform the tax regime and can contribute majorly to digital India. In GST a registered firm has to file 37 returns during a year, this technology will reduce this burden off the vendors as all the transactions are recorded in real time in block chain , which removes the need of filing any return. Transparency of system will remove all the loopholes from the system and tax evasion will also become impossible which will ultimately lead to reduction in frauds and a tampered proof system. Blockchain has brought a lot of excitement and this technology has shown its potential to transform business. But what this technology could do for the world of indirect tax? This paper will look at the challenges and opportunities that lies ahead for government in the world of indirect taxes.

scholarly journals BLOCKCHAIN TECHNOLOGY AS AN ANTI-CORRUPTION MANAGEMENT TOOL

2021 ◽  
Vol 7 (167) ◽  
pp. 46-50
Author(s):  
S. Burlutska ◽  
O. Chabanenko
Keyword(s):  
Real Time ◽  
Effective Means ◽  
Management Tool ◽  
Human Society ◽  
Private Institutions ◽  
Identity Verification ◽  
Transaction Data ◽  
Blockchain Technology ◽  
The World ◽  
Money Transfers

The world has not yet come up with a single recipe for fighting corruption. But thanks to constant progress, anti-corruption strategies are replenished with effective innovation mechanisms. The global experience of using blockchain opens up new prospects for eliminating corruption in the world. Blockchain is an opportunity not only to modernize outdated functional systems, but also to apply new, more effective means of combating corruption and cybercrime. One of the main advantages of the blockchain is that all network participants have a register of transaction data. Therefore, if someone decides to hide, delete or change their recalculations in the accounting book, then copies of these transactions still remain in tens of thousands of other users and the system immediately accesses them. Therefore, a few minutes will be enough to solve the issues of detecting a crime. Today, it is worth highlighting 3 types of widespread use of blockchain technology in the fight against corruption: identity verification, asset registration and tracking of monetary transactions. For example, you can check the purpose of money transfers in real time, see salary payments, and compare prices among suppliers. Like any type of crime, corruption in human society cannot be completely excluded. However, decentralized platforms functioning on blockchain technology, already today, firstly, can directly bring together the customer and the executor, and secondly, all the conditions agreed upon by the participants can then be easily verified (thus, it will be impossible to imperceptibly inflate the price when using blockchain). Blockchain technology is in demand because it creates an unprecedented degree of trust in information in relationships between individuals and public organizations, or between the state, people and private institutions.

Blockchain Technology Is a Boost to Cyber Security

2019 ◽  
pp. 254-266 ◽  
Author(s):  
Sowmiya B. ◽  
Poovammal E.
Keyword(s):  
Real Time ◽  
Cyber Security ◽  
Real Sector ◽  
Blockchain Technology ◽  
The World ◽  
Security Challenge ◽  
Real Time Application ◽  
Share Information

The information in any real-time application is needed to be digitalized across the world. Since digitalization of data happens, there comes the role of privacy. Blockchain could address the security challenge that happens in the any real sector. There are a few more challenges that prevail in the industry such as integrity in data, traceability of stored records, and interoperability among organizations that share information. This chapter says what blockchain is and applications in which blockchain technology could solve the existing challenges where they lack security, privacy, integrity, and interoperability.

Blockchain Technology and General Issue of Tax Evasion via Bitcoin

2021 ◽  
pp. 92-108
Author(s):  
Güneş Çetin Gerger
Keyword(s):  
Supply Chain ◽  
Money Laundering ◽  
Tax Evasion ◽  
Market Value ◽  
Financial Fraud ◽  
Terrorist Financing ◽  
Blockchain Technology ◽  
The World ◽  
Financial Transactions ◽  
Digital Assets

Cryptocurrencies often also serve money laundering activities, terrorist financing, tax evasion, and other illegitimate activities with a market value of more than 7 billion euros across the globe, though the total amount is hardly measurable. Indeed, the blockchain technology involves many virtual currencies, including bitcoin, to conduct various financial transactions related practices throughout the world economies. Besides, other blockchain applications are making positive contributions to a wide array of other industries including healthcare, supply chain, manufacturing, etc. This technology which constitutes the backbone of digital assets transactions currencies is characterized by anonymity, privacy, security, and speed. In this sense, for tax administration authorities, detection of financial fraud and regulations with respect to taxation of virtual transactions pose newer emerging challenges. This chapter aims to examine the blockchain technology, cryptocurrencies, especially bitcoin, and look into regulations by world governments to combat tax evasion and illegal transactions.

scholarly journals Halal Meat Supply Chain Traceability based on HACCP, Blockchain and Internet of Things

2018 ◽  
Vol 11 (4) ◽  
pp. 218-247 ◽  
Author(s):  
Abderahman Rejeb
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Real Time ◽  
Food Supply ◽  
Emerging Technologies ◽  
Food Supply Chains ◽  
Traceability System ◽  
Blockchain Technology ◽  
The World ◽  
Halal Food

Recently, Halal food has drawn remarkable attention of many consumers around the world. Besides to being unsafe, Halal food such as meat can encounter several issues throughout its supply chain and logistics. At any time, Halal integrity is not guaranteed and risks of becoming non-Halal is the major concern of all parties along the supply chain. To respond to Muslim consumers’ trust concerns in Halal food, many traceability systems were proposed in previous studies based on emerging technologies and  recommended to be incorporated into Halal food supply chains. Nevertheless, all of these systems are centralized, opaque and not enough transparent. To mitigate these problems, blockchain technology is introduced as a ground-breaking innovation with greater decentralization, visibility and transparency. This paper makes a major contribution in suggesting Halal meat supply chain traceability system for real-time food tracing based on embedding Islamic dietary law into HACCP, blockchain and Internet of Things.

scholarly journals Design of Blockchain Based Smart Contract for Tendering

2021 ◽  
Vol 10 (10) ◽  
pp. 222-225
Author(s):  
Denies Kiyeng ◽  
Simon Maina Karume ◽  
Nelson Masese
Keyword(s):  
Information Technology ◽  
Competitive Advantage ◽  
Customer Service ◽  
21St Century ◽  
Financial Services ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Challenges And Opportunities ◽  
Block Chain

Information technology is the backbone for all 21st century organizations that are looking forward to offer better customer service and gain competitive advantage. Today, blockchain technology is being adopted by a number of organizations such as financial services, healthcare, agriculture and even government. . However, the tendering sector have not been able to take advantage of the new blockchain technology, owing to the absence of blockchain based frameworks and a model for secure tendering. This study focuses on block-chain with its BYOE (Bring Your Own Encryption) concept in the procurement sector. The research comes up with a design of a blockchain based smart contract model for organizations in Kenya following ASD approach. In addition a discussion of challenges and opportunities of Blockchain based tendering is also presented.

Blockchain Technology Is a Boost to Cyber Security

2021 ◽  
pp. 618-627
Author(s):  
Sowmiya B. ◽  
Poovammal E.
Keyword(s):  
Real Time ◽  
Cyber Security ◽  
Real Sector ◽  
Blockchain Technology ◽  
The World ◽  
Security Challenge ◽  
Real Time Application ◽  
Share Information

The information in any real-time application is needed to be digitalized across the world. Since digitalization of data happens, there comes the role of privacy. Blockchain could address the security challenge that happens in the any real sector. There are a few more challenges that prevail in the industry such as integrity in data, traceability of stored records, and interoperability among organizations that share information. This chapter says what blockchain is and applications in which blockchain technology could solve the existing challenges where they lack security, privacy, integrity, and interoperability.

scholarly journals Block-Chain Based E-Voting For Indonesia

2018 ◽  
Vol 2 (5) ◽  
pp. 13-17
Author(s):  
Keyword(s):  
Research And Development ◽  
Traditional Methods ◽  
The Third ◽  
Blockchain Technology ◽  
The People ◽  
The World ◽  
Block Chain

Indonesia is the third largest democracy in the world. Election is a means for Indonesians to deliver votes to elect leaders and representatives of the people. Existing elections still use traditional methods. Watch the development of blockchain technology being the favorite in the world of research and development, blockchain will be designed based on e-voting for Indonesia. Based on the design created, the benefits of the blockchain can fulfill the principles in Indonesia which were introduced in Law No. 7 of 2017. The principles of the election include direct, public, free, confidential, honest and fair can be fulfilled with the nature of blockchain which consists of anonymity, autonomy, fairness, secrecy, and transparency. Other things that become the advantages of blockchain are distributed and auditable

scholarly journals Ethics, Technology and the Challenges of Documenting History in Real Time

2016 ◽  
Author(s):  
Sharon E. Farb ◽  
Ali Jamshidi ◽  
Howard Besser ◽  
Todd Grappone
Keyword(s):  
Social Media ◽  
Real Time ◽  
New Technologies ◽  
Social Network Sites ◽  
Research Libraries ◽  
News Sources ◽  
The World ◽  
Challenges And Opportunities ◽  
Use Of Social Media ◽  
Physical Materials

New technologies including mobile phones and use of social media software have made available a plethora of new sources for news and information that both complement and contrast with traditional news sources. This content is relevant to research libraries and archives around the world. Yet most of it does not get deposited into library and archival collections in traditional ways. Libraries and archives need to be innovative and proactive about seeking it out from numerous participants and scraping it off social network sites in real time to insure authenticity and reliability. At UCLA and NYU we have been collecting both digital and physical materials from the front lines of conflict and war-ravaged areas of the world. We've partnered with political activists to develop unique assemblages of ephemera collected on the front lines of social media revolutions. This paper will present two case studies that illustrate the challenges and opportunities for collaboration and community engagement and utilizing new technologies including social media to capture and preserve history in real time.

Towards guaranteed data-integrity: A method of preventing Questionable Research Practices

2018 ◽  
Author(s):  
Dick Bierman ◽  
Jacob Jolij
Keyword(s):  
Real Time ◽  
Open Data ◽  
Data Integrity ◽  
Drop Out ◽  
Research Practices ◽  
Major Aspect ◽  
Questionable Research Practices ◽  
Blockchain Technology ◽  
Integrity System ◽  
Secure Server

We have tested the feasibility of a method to prevent the occurrence of so-called Questionable Research Practices (QRP). A part from embedded pre-registration the major aspect of the system is real-time uploading of data on a secure server. We outline the method, discuss the drop-out treatment and compare it to the Born-open data method, and report on our preliminary experiences. We also discuss the extension of the data-integrity system from secure server to use of blockchain technology.

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