Combining E-Commerce and Blockchain Technologies to Solve Problems and Improve Business Results

2021 ◽  
pp. 173-192
Author(s):  
Albérico Travassos Rosário
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Digital Transformation ◽  
The Internet ◽  
Chain Management ◽  
Blockchain Technology ◽  
Business Results ◽  
New Business ◽  
Financial Transactions ◽  
New Business Models

The internet and digital transformation have changed our relations with the market. These technologies have been developing continuously, creating opportunities for new business models, and e-commerce has grown overwhelmingly worldwide, changing the consumption process of a large part of the world's population. Companies are increasingly using blockchain technology to improve and create new global trading business models. Blockchain had its first application in cryptocurrencies, but it has quickly become a major solution in all sorts of activity sectors, providing increased security in commercial transactions. An important question is how the blockchain can leverage e-commerce in solving problems and improving business results. It was concluded that blockchain could leverage e-commerce in the four fundamental areas of (1) e-commerce financial transactions, (2) e-commerce supply chain management, (3) e-commerce forecasting and contractual relations, and (4) e-commerce transactions systems' trust and credibility.

scholarly journals Digital transformation in supply chains: Current applications, contributions and challenges

2021 ◽  
Vol 9 (1) ◽  
pp. 32-55
Author(s):  
Özden Özkanlısoy ◽  
Erkut Akkartal
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
Business Models ◽  
Transformation Process ◽  
Digital Transformation ◽  
Chain Management ◽  
New Business ◽  
Near Future ◽  
New Business Models

Digital transformation in supply chain management enables businesses to achieve competitive advantage by using their resources more efficiently, to make every stage of their supply chain smarter, more transparent and more efficient, to be closer to individual customer needs, to provide a significant increase in decision-making quality, and to become increasingly flexible in the near future. and provides the advantages of having new business models that will be efficient.Unfortunately, today digital transformation is at the stage of digitization rather than digital transformation due to the high initial investment cost and concerns about the success of applications. In this study, successful digital transformation applications implemented in supply chain management to guide companies and supply chains that have not yet entered the digital transformation process, the advantages provided by these applications and the difficulties of the digital transformation process are discussed.In the study, using qualitative data analysis, open-ended interview questions were applied to a total of 28 companies, and the answers were separated on the basis of sectors and applications and new business models were grouped according to sectors. The advantages of the companies and their supply chains with digital transformation and the difficulties faced in the transformation process are discussed jointly to cover all sectors. The study ends with an evaluation and brief summary of the findings.

scholarly journals Exploring the Potentials of Automation in Logistics and Supply Chain Management: Paving the Way for Autonomous Supply Chains

Logistics ◽  
2021 ◽  
Vol 5 (3) ◽  
pp. 51
Author(s):  
Benjamin Nitsche
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Special Issue ◽  
Chain Management ◽  
New Era ◽  
Logistics Systems ◽  
The World ◽  
New Business ◽  
New Business Models ◽  
Planning Approaches

The world of logistics is changing and entering a new era. The advance of digitalization and technologization enables new business models, increased process efficiencies, novel planning approaches, and much more but, on the downside, there is also the risk of being lost in the maelstrom of developments. Within these developments, the automation of logistics processes and ultimately the design of autonomous logistics systems is one of the most defining trends that has far-reaching consequences for the planning and execution of future logistics processes. This Special Issue aims to contribute to the discussion and to get to the bottom of the question of how the path towards automated and autonomous logistics systems should be designed. This editorial lays a foundation by presenting application areas of automation and discussing the theoretical path towards autonomous logistics systems. The articles that follow provide highly practical insights into current research results on the automation and autonomization of informational and physical logistics processes.

scholarly journals Applying a Framework for Analyzing the Roles and Relationships of Cybermediaries on Selected Middle East Cases

2021 ◽  
Author(s):  
ADIL FATHELRAHMAN
Keyword(s):  
Supply Chain ◽  
Middle East ◽  
Business Models ◽  
Past Research ◽  
The Internet ◽  
New Business ◽  
Clear Idea ◽  
Internet Marketplace ◽  
New Business Models ◽  
Current Stage

<p>e-commerce adoption has caused the marketplace to undergo transformation from intermediation as in the case of traditional retailers who help selling goods for bricks-and-mortar companies, to the disintermediation stage that has resulted from companies selling their products directly over the internet, to the current stage of reintermediation realizing the importance of Internet Intermediaries that have caused disruption to the traditional supply chain and gave rise to new business models. It is evident how Internet Intermediaries –known as cybermediaries - are playing an important role in the internet marketplace and how they generate revenues from their activities and revolutionize the way suppliers manage their supply chain. Past research noted that despite the emergence of new e-commerce business models, little has been done to investigate these business models. In the context of this research (Middle East), it becomes increasingly important to investigate the existing cybermediaries business models which is useful to new entrants to ecommerce fields. Based on a framework adopted from Barnesa and Hinton (2007), business models of selected Middle East cybermediaries and their characteristics will be revealed, evaluated, and documented. Having a clear idea about business models is beneficial for online startup companies as well as existing businesses (Chaffey, 2015).</p>

scholarly journals Applying a Framework for Analyzing the Roles and Relationships of Cybermediaries on Selected Middle East Cases

2021 ◽  
Author(s):  
ADIL FATHELRAHMAN
Keyword(s):  
Supply Chain ◽  
Middle East ◽  
Business Models ◽  
Past Research ◽  
The Internet ◽  
New Business ◽  
Clear Idea ◽  
Internet Marketplace ◽  
New Business Models ◽  
Current Stage

<p>e-commerce adoption has caused the marketplace to undergo transformation from intermediation as in the case of traditional retailers who help selling goods for bricks-and-mortar companies, to the disintermediation stage that has resulted from companies selling their products directly over the internet, to the current stage of reintermediation realizing the importance of Internet Intermediaries that have caused disruption to the traditional supply chain and gave rise to new business models. It is evident how Internet Intermediaries –known as cybermediaries - are playing an important role in the internet marketplace and how they generate revenues from their activities and revolutionize the way suppliers manage their supply chain. Past research noted that despite the emergence of new e-commerce business models, little has been done to investigate these business models. In the context of this research (Middle East), it becomes increasingly important to investigate the existing cybermediaries business models which is useful to new entrants to ecommerce fields. Based on a framework adopted from Barnesa and Hinton (2007), business models of selected Middle East cybermediaries and their characteristics will be revealed, evaluated, and documented. Having a clear idea about business models is beneficial for online startup companies as well as existing businesses (Chaffey, 2015).</p>

scholarly journals Blockchain in agricultural supply chain management

2021 ◽  
Vol 273 ◽  
pp. 08029
Author(s):  
Li Bingzhang ◽  
Vladimir Zirianov
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Value Chains ◽  
Main Task ◽  
Full Potential ◽  
Logistics Industry ◽  
Blockchain Technology ◽  
New Business ◽  
Document Flow ◽  
New Business Models

The problem of minimizing the number of intermediaries in the supply chain is long overdue in the logistics industry. How to carry out logistics operations without the participation of a large number of intermediaries, whose main task is to guarantee the transaction and document flow? Is this possible with Blockchain technology? While this technology is still evolving, there are still many challenges that remain to be addressed. One of the main challenges in implementing this technology in logistics is to reach agreement on its use among all stakeholders. When interaction between different stakeholders in the supply chain with different interests is achieved, then the full potential of this technology to improve the efficiency of logistics processes will be revealed. This will facilitate the emergence of new business models and processes in global trade logistics and increase transparency in the supply chain. Smart contracts with embedded business rules promise not only to reduce transaction costs but to create more agile value chains that enable closer cooperation.

scholarly journals Decentralized Business Models: Impact of blockchain technology on business model generation

2019 ◽  
Vol 53 (4) ◽  
pp. 79-97
Author(s):  
Katarzyna Ciupa
Keyword(s):  
Business Model ◽  
International Organizations ◽  
Business Models ◽  
The Internet ◽  
Model Generation ◽  
Blockchain Technology ◽  
New Business ◽  
Private And Public ◽  
Complex Ecosystem ◽  
New Business Models

Even though blockchain technology, since its first presentation in the Bitcoin whitepaper, has received lots of attention from both individuals, or private and public international organizations, its development has not always been enthusiastically welcomed and often created more confusion than expected. Albeit currently almost everyone agrees that blockchain is (technology-wise) the great successor of the Internet, its tremendous potential is also highly challenging. Growing number of various constructs utilizing blockchain technology in a very innovative manner have emerged. However, they have also created a complex ecosystem with many initiatives being far away from the original blockchain proposition. As a result, it has become crucial to understand what blockchain technology has to offer, what kind of impact it could have on existing businesses, and whether blockchain allows new business models to be created. The aim of this paper is to discuss and evaluate both the blockchain’s potential, as well as its limitations and its implications for development and generation of business models.

scholarly journals Financial Transactions in the Banking Industry-Various Digital Initiatives at Axis Bank

2020 ◽  
Vol 8 (6) ◽  
pp. 2414-2417
Keyword(s):  
Business Models ◽  
Service Providers ◽  
Digital Transformation ◽  
Digital Products ◽  
Internet Service ◽  
New Business ◽  
Financial Transactions ◽  
Technological Area ◽  
Vast Range ◽  
New Business Models

Banking in India is transforming itself towards digital way of doing it. Electronic banking has spread its roots with invent of computers and ATMs back in 1970’s. Banks are using these electronic ways to offer a vast range of its products and services. These developments in the banking sphere has led the creation of new business models for banks and non financial corporations like internet service providers and other firms operating in technological area. This paper focuses on the digital transformation of AXIS bank with respect to various characteristics of their digital banking products and services compared to its competitor and the growth and awareness of the customers of AXIS bank in relation to its digital products. The data is collected through a questionnaire for this purpose and analysed through using various statistical tools

scholarly journals Blockchain-Based Application for Certification Management

2020 ◽  
Vol 14 (4) ◽  
pp. 488-492
Author(s):  
Jovan Karamachoski ◽  
Ninoslav Marina ◽  
Pavel Taskov
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Human Factor ◽  
Computer Code ◽  
Chain Management ◽  
Practical Applications ◽  
Sustainable Technologies ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Crucial Part

Blockchain technology will bring a disruption in plenty of industries and businesses. Recently it proved the robustness, immutability, auditability, in many crucial practical applications. The blockchain structure offers traceability of actions, alterations, alerts, which is an important property of a system needed for development of sustainable technologies. A crucial part of the blockchain technology regarding the optimization of the processes is the smart contract. It is a self-executable computer code, open and transparent, encoding the terms of a regular contract. It is able to automate the processes, thus decreasing the human-factor mistakes or counterfeits. In this paper, we are presenting the feasibility of the blockchain technology in the certification processes, with an application developed for university diploma certification. The example is easily transferable in other areas and business models such as logistics, supply chain management, or other segments where certification is essential.

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