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 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 Technology adoption theories in examining the uptake of blockchain technology in the framework of functionalist and interpretive paradigms

2020 ◽  
Vol 51 (11) ◽  
pp. 26-38
Author(s):  
Viktoriia Semenova
Keyword(s):  
Technology Adoption ◽  
Technology Acceptance ◽  
Diffusion Of Innovation ◽  
Theoretical Models ◽  
Research Field ◽  
Theoretical Interpretation ◽  
Adoption Process ◽  
Sensemaking Theory ◽  
Blockchain Technology ◽  
Use Of Technology

The purpose of this paper is to examine the adoption process of emerging technology on the example of blockchain. The theoretical interpretation of blockchain acceptance and its implications are discussed from the positions of technology adoption theories (diffusion of innovation theory, the technology acceptance model, the unified theory of acceptance and use of technology, the technology – organisation – environment framework) as well as sensemaking theory. These theoretical models help understand the perception among end-users (e.g. supply chain practitioners) and facilitate technology diffusion among enterprises. Due to the novelty of the research field, the analysis revealed that current studies were conducted within the functionalist paradigm; however, studies on blockchain implementation can be equally done in the interpretive paradigm. The results indicate a shortage of empirical research investigations and the need for greater theory elaboration to accelerate the adoption process within organisations.

scholarly journals Blockchain Applications in Healthcare and Public Health: Increased Transparency (Preprint)

2020 ◽  
Author(s):  
Pedro Elkind Velmovitsky ◽  
Frederico Moreira Bublitz ◽  
Plinio Pelegrini Morita
Keyword(s):  
Supply Chain ◽  
Data Sharing ◽  
Point Of View ◽  
Security And Privacy ◽  
Full Potential ◽  
Management Process ◽  
Blockchain Technology ◽  
Trade Offs ◽  
Counterfeit Products ◽  
Smart Technologies

BACKGROUND While Big Data and smart technologies allow for the development of precision medicine and predictive models in healthcare, there are still several challenges that need to be addressed before the full potential of this data can be unleashed (e.g., data sharing and interoperability issues, lack of massive genomic datasets, data ownership, and security and privacy of health data). Health companies are exploring the use of Blockchain, a tamperproof and distributed digital ledger, to address some of these challenges. OBJECTIVE Obtain an overview of Blockchain solutions that aim to solve challenges in healthcare from an industry point of view, focusing on solutions being developed by health and technology companies. METHODS We conducted a literature review, following the protocol defined by Levac et al. to analyze the findings in a systematic manner. In addition to traditional databases such as IEEE, PubMed and Google Scholar, we included search and news outlets such as CoinDesk, CoinTelegraph, and Medium. RESULTS Healthcare companies are using Blockchain to improve challenges in 5 key areas: (i) electronic health records - Blockchain can address interoperability issues by creating an overarching mechanism to link disparate personal records, as well as stimulate data sharing by connecting owners and buyers directly; (ii) Drug (and Food) supply chain - Blockchain can provide an auditable log of a product’s provenance and transportation (including information on the conditions in which the product was transported), increasing transparency and eliminating counterfeit products in the supply chain; (iii) health insurance - Blockchain can facilitate the claims management process as well as help users to calculate medical and pharmaceutical benefits; (iv) genomics - by connecting data buyers and owners directly, Blockchain can increase sharing of genomic data, increasing its availability; and (v) consent management - since all participants in a Blockchain network view an immutable version of the truth, Blockchain can provide an immutable and timestamped log of consent, increasing transparency in the consent management process. CONCLUSIONS Blockchain technology can improve on several challenges faced by the healthcare industry today. However, companies must evaluate how Blockchain’s features can affect their systems (e.g., Blockchain being append-only limits the deletion of data stored in the network and distributed systems, although more secure, are less efficient). While these trade-offs need to be taken into account when considering Blockchain solutions, the technology has potential to optimize processes, minimize inefficiencies, and increase trust in all contexts covered in this review.

scholarly journals Determinants of Blockchain Technology Adoption in Supply Chains by Small and Medium Enterprises (SMEs) in India

2021 ◽  
Vol 2021 ◽  
pp. 1-14
Author(s):  
Amit Kumar Bhardwaj ◽  
Arunesh Garg ◽  
Yuvraj Gajpal
Keyword(s):  
Technology Adoption ◽  
Supply Chains ◽  
Technology Acceptance ◽  
Small And Medium Enterprises ◽  
Perceived Usefulness ◽  
Relative Advantage ◽  
Equation Modeling ◽  
Integrated Technology ◽  
Blockchain Technology ◽  
Medium Enterprises

In recent times, organizations are increasingly adopting blockchain technology in their supply chains due to various advantages such as cost optimization, effective and verified record-keeping, transparency, and route tracking. This paper aims to examine the factors influencing the intention of small and medium enterprises (SMEs) in India to adopt blockchain technology in their supply chains. A questionnaire-based survey was used to collect data from 216 SMEs in the northern states of India. The study has considered an integrated technology adoption framework consisting of the Technology Acceptance Model (TAM), Diffusion of Innovation (DOI), and Technology-Organization-Environment (TOE). Using this integrated TAM-TOE-DOI framework, the study has proposed eleven hypotheses related to factors of blockchain technology adoption. Confirmatory factor analysis (CFA) and structural equation modeling (SEM) have been used to test the hypotheses. The results show that relative advantage, technology compatibility, technology readiness, top management support, perceived usefulness, and vendor support have a positive influence on the intention of Indian SMEs to adopt blockchain technology in their supply chains. The complexity of technology and cost concerns act as inhibitors to the technology adoption by SMEs. Furthermore, the three factors, namely, security concerns, perceived ease of use, and regulatory support, do not influence the intention to adopt the technology. The study contributes to filling a significant gap in the academic literature since only a few studies have endeavored to ascertain the technology adoption factors by supply chains of SMEs in a developing country like India. The study has also proposed a novel integrated technology adoption framework that can be employed by future studies. The findings are expected to enable SMEs to understand important factors to be considered for adopting blockchain technology in their supply chains. Furthermore, the study may benefit the blockchain technology developers and suppliers as they can offer customized solutions based on the findings.

Factors affecting the adoption of blockchain technology in innovative Italian companies: an extended TAM approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mauro Sciarelli ◽  
Anna Prisco ◽  
Mohamed Hani Gheith ◽  
Valerio Muto
Keyword(s):  
Technology Adoption ◽  
Technology Acceptance ◽  
Structural Equation ◽  
Business Processes ◽  
Strong Predictor ◽  
Perceived Usefulness ◽  
Equation Modeling ◽  
Content Type ◽  
Factors Affecting ◽  
Blockchain Technology

PurposeThe present research aims to identify the determinants for users' behavioral adoption of Blockchain, exploring the relationships among these variables and investigating whether the proposed model can provide a more comprehensive manner to understand the adoption of Blockchain technology.Design/methodology/approachThis study adopts the Technology Acceptance Model (TAM) approach and extends it with external constructs: “reduced cost” and “efficiency and security”. This paper used a quantitative and exploratory approach through the collection and analysis of data from a total of 108 Italian innovative SME. We have used the Partial Least Squares Structural Equation modeling (PLS-SEM) approach using SmartPLS for model evaluation.FindingsThe results show that “efficiency and security” is an important driver of firms' decision-making process to adopt Blockchain. Moreover, the results show that perceived usefulness is a strong predictor of the intention to use Blockchain in business processes.Originality/valueThis research advances the literature on technology adoption in business processes, focusing on a particular technology: Blockchain. The field has been strengthened by investigating the determinants of technology adoption, adding new perspectives; both reduced cost and efficiency, and security.

scholarly journals Agri-food safety optimized by blockchain technology: review

2022 ◽  
Vol 75 (1) ◽  
Author(s):  
Iván González-Puetate ◽  
Carmen Luisa Marín Tello ◽  
Henry Reyes Pineda
Keyword(s):  
Supply Chain ◽  
Food Safety ◽  
Technological Development ◽  
Research Work ◽  
Distributed Database ◽  
Production Cycle ◽  
Disruptive Technology ◽  
Technology Application ◽  
Blockchain Technology ◽  
Production Distribution

Blockchain technology is a distributed database, an innovation tool in the agri-food supply chain in processes such as production, distribution, marketing. In this research work, the blockchain technology application in agri-food security processes was evaluated, establishing the best conditions for its adoption in companies, this proposal synthesizes the contributions as a disruptive technology, for this, the information was collected from the period 2018-2020 from the Scopus and Web of Science bases, performing an analysis of the information using the Atlas TI 8.4 software, establishing the focus of the research on a network of codes suggested by some authors. It was found that the contribution of Blockchain for the years of study was traceability 26%, supply chain 17.5%, technological development 10.4%, trust 9.8%, among others. It is concluded that establishing the theoretical link between technology and traceability processes in supply chains, traceability in the agri-food sector is essential to certify information of interest to the stakeholder group. This is because traceability is the transcendental element of the food safety system that allows guaranteeing control in the supply chain when processes are being recorded and enriching the databases, which can be available to the final consumer to check the details of the production cycle and that technological elements generate competitiveness in companies with blockchain in their procedures, promote high levels of transparency, data security, decentralization, among other terms associated with trust, and a better relationship with the consumer is developed and a greater number of sale increasing profitability.

Information Sharing for Manufacturing Supply Chain Management Based on Blockchain Technology

2020 ◽  
pp. 1-17 ◽  
Author(s):  
Kamalendu Pal
Keyword(s):  
Information System ◽  
Manufacturing Industry ◽  
Rapid Development ◽  
Security And Privacy ◽  
Full Potential ◽  
Enterprise Information ◽  
Goods And Services ◽  
Iot Applications ◽  
Blockchain Technology ◽  
Transaction Services

Internet of Things (IoT) and blockchain technology-based information system (IS) can be used to improve tracking of goods and services in offering and build a collaborative operating environment among the business-partners of the manufacturing industry. In this process IS architecture plays an important role in storing, processing, and distributing data. Despite contributing to the rapid development of IoT applications, the current IoT-centric architecture has led to a myriad of isolated data silos that hinder the full potential of holistic data-driven decision-support applications with the IoT because of technical issues (e.g., standalone IoT applications suffer from security and privacy-related problems). This chapter presents a proof of concept of a hybrid enterprise information system architecture, which consists of IoT-based applications and a blockchain-oriented distributed-ledger system to support-transaction services within a multiparty global manufacturing (e.g., textile and clothing business) network.

The Implication of Blockchain as a Disruptive Technology for Construction Industry

2020 ◽  
Vol 9 (2) ◽  
pp. 177-188
Author(s):  
Mohita Gangwar Sharma ◽  
Sunil Kumar
Keyword(s):  
Technology Adoption ◽  
Construction Industry ◽  
Modelling Technique ◽  
Disruptive Technology ◽  
Structural Modelling ◽  
Distributed Consensus ◽  
Interpretive Structural Modelling ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Distributed Ledger Technology

Adoption of blockchain technology has been widely construed as disruptive. Blockchain is a distributed ledger technology. It is secure by design because of its cryptography and distributed consensus mechanism, which also offers anonymity, persistence, auditability and resilience. The construction industry adopts a project-based approach and globally has been considered as a fragmented sector, predominantly in unorganised space. Given these characteristics, the technology adoption has been slow. This study looks at the challenges and adopts interpretive structural modelling technique to understand the linkages between these barriers. This study can provide managerial insights into designing strategies for overcoming the barriers for adoption of this disruptive technology.

scholarly journals A Research of Technology Adoption in Small and Medium-sized Enterprises in Yogyakarta

2019 ◽  
Vol 9 (2S3) ◽  
pp. 495-498
Keyword(s):  
Information Technology ◽  
Technology Adoption ◽  
Competitive Advantage ◽  
Technology Acceptance ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
It Adoption ◽  
Perceived Ease Of Use ◽  
The Government ◽  
The Impact

This study compares the impact of different size of SMEs and the age of SMEs on the technology adoption. This survey was conducted on the use of IT in SMEs in Yogyakarta, Indonesia. As a developing country, most of the Indonesian economy is dominated by SMEs. One factor that plays an important role in increasing the competitiveness of SMEs is information technology (IT) adoption. However, not all SMEs have similarities in their efforts to adopt IT. The theory underlying the process of adopting information technology is the Technology Acceptance Model (TAM). TAM have 3 main variables. There are Perceived Ease of Use, Perceived usefulness and Acceptance of IT. In this study analyzed differences in IT adoption based on the age of SMEs and the SME category (micro, small and medium). This study also examined differences based on competitive advantage. The results show that there are no significant differences in IT acceptance based on the age of SMEs and they have similarities in competitive advantage. The results of this study provide benefits for SMEs to evaluate their adoption of technology. In addition, this research is also beneficial for the government to develop SMEs in the region. Keywords: Adoption of IT, TAM, Competitive advantage, SMEs

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