Blockchain technology strategic management
This paper aims to offer exploratory remarks by discussing whether blockchain can help organizations attain sustained competitive advantage in view of its increased applications and untapped potential. Keeping in view the limitations associated with the traditional understandings of scholarship underscoring, thereby that research and knowledge discovery have been restricting the progress across disciplines on account of which knowledge domains fail to make a meaningful effect; research design of the paper comprises the scholarship of integration method, which might appear to be less systematic but was more emergent in comparison to a traditional methodology of systematic literature review, and suitable for conducting this study. Findings of this study suggest that blockchain with huge popularity as a technological innovation has huge potentialities and promises to be a strategic intangible resource for organizations helpful in attaining sustained advantage. However, the findings also suggest several cautionary remarks.
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Blockchain technology strategic management
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- BLOCKCHAIN AS AN INNOVATIVE TECHNOLOGY IN THE STRATEGIC MANAGEMENT OF COMPANIES
- Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
- Blockchain: a strategic resource to attain and sustain competitive advantage
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- Blockchain: Strategic Thinking And Sustainable Competitive Advantage
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BLOCKCHAIN AS AN INNOVATIVE TECHNOLOGY IN THE STRATEGIC MANAGEMENT OF COMPANIES
This book analyzes the effects of the latest technological advances in blockchain and artificial intelligence AI on business operations and strategies.
Adopting an interdisciplinary approach, the contributions examine new developments that change the rules of traditional management. The chapters focus mainly on blockchain technologies and digital business in the "Industry 4. Intended for academics, blockchain experts, students and practitioners, the book helps business strategists design a path for future opportunities.
He holds PhD in Finance and Banking, and corporate finance and strategic management are the main pillars of his interdisciplinary research. Skip to main content Skip to table of contents. Advertisement Hide. This service is more advanced with JavaScript available.
Editors view affiliations Umit Hacioglu. Explains the practical implications of blockchain and artificial intelligence for businesses Presents contributions from the fields of accounting, management and human resources Provides an advanced, methodical summary of innovation in the financial sector. Front Matter Pages i-xxiii. Front Matter Pages Pages Human-Robot Interaction in Organizations. Developing a Supportive Culture in Digital Transformation.
Digitalization of Business Functions under Industry 4. Melissa N. Digitalization in Logistics Operations and Industry 4. Page 1 Navigate to page number of 2. About this book Introduction This book analyzes the effects of the latest technological advances in blockchain and artificial intelligence AI on business operations and strategies. Artificial Intelligence in business operations Accounting applications of blockchain Cybercrime Digitalization Business models in the digital age Social media marketing Digital transformation of HR management Taxation of the digital economy.
Editors and affiliations. Umit Hacioglu 1 1. Buy options.
Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
Blockchain technology development and implementation for global logistics operations: a reference model perspective. Purpose: Blockchain technology offers a lot of potential benefits in supply chain management. However, there is a need of a reference model which addresses the gaps in existing frameworks. This paper aims to propose a blockchain technology-based reference model which can be applied to global logistics operations. The researchers demonstrated the application of the reference model through a health-care supply chain case study.
Blockchain: a strategic resource to attain and sustain competitive advantage
When a new technology develops and is understood for its potentials, many more emerge and new directions open up for researchers. Hash Functions also provide an authentication mechanism to ensure the right entities are exchanging the information. Today, Cryptographic Hash functions have become so versatile a technology that these are being used in almost all financial transactions, banking, and all payment platforms including cryptocurrencies and other mobile apps. Cryptography and Hash Functions got yet another direction of research when Satoshi Nakamoto developed the concept of Crypto Currency - Bitcoin in , which was visualized by the proposer as a universal currency, an alternative to physical currency, where trading could be done in digital form through Networks. But that required an alternative to physical ledgers and a way to keep records of transactions on electronic media securely without any need of a third party like banks or other financial Institutes, and that could be trusted. This need gave birth to Blockchain technology, which is the core of all the cryptocurrencies developed to date and has a lot of promises for many other applications. Blocks are linked with each other with proper security using Hash Functions. The distributed ledger is stored at various nodes in the network and keeps on growing in size with each transaction. Though Blockchain developed as a tool for the management of Bitcoin and other cryptocurrencies, it has become globally famous and known to most people. It is growing fast and is being adopted in various sectors due to its characteristics such as tamper-evidence; consensus-based transaction validation and secured data storage in a distributed manner.
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The security feature of blockchain is making it a lucrative technology for many industries and government organizations. The defense sectors in many countries are looking into the security challenges that come with adopting the technology. The blockchain is not just an application that companies can install on their devices; instead, it is a foundational technology that solves all organizational issues. The blockchain is a distributed and decentralized ledger that offers the enterprises with the ability to connect disparate systems within organizational IT infrastructure using various recent technologies like artificial intelligence, robotic process automation, and machine learning to solve critical business problems.
Blockchain: Strategic Thinking And Sustainable Competitive Advantage
Speculation on the value of blockchain is rife, with Bitcoin—the first and most infamous application of blockchain—grabbing headlines for its rocketing price and volatility. Cryptocurrency market value is subject to high variation due to the specific volatility of the market. Yet Bitcoin is only the first application of blockchain technology that has captured the attention of government and industry. Blockchain was a priority topic at Davos; a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by Deep shift: Technology tipping points and societal impact , World Economic Forum, September , weforum.
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Many enterprise businesses are now looking to use the blockchain, the technology most commonly associated with the digital currency Bitcoin. Although well-established as a vital element of cryptocurrencies, the blockchain can be used for many other purposes too. Recently, massive corporations like the food giant Walmart have announced projects involving the technology. In collaboration with IBM , Walmart has implemented blockchain technology to reduce food waste, improve contamination management, security and transparency.
Abstract: The goal is to identify the characteristics of innovative business models that use blockchain technology. Through a qualitative and descriptive research, we sought, in the Crunshbase database, the companies that had in their activity description the word Blockchain, obtaining a total of companies. The data obtained were tabulated in Excel spreadsheet and we carried out a collection of additional information on the websites of the organizations. The process of data analysis used the technique of document analysis and content analysis. The results allowed us to identify that most organizations' foundation date from and are located in North America.
For most insurance use cases there are far more important priorities than blockchain. A single digital record at the heart of a digital claims management platform is the priority. It is the practical answer that delivers the hypothetical benefits of a distributed ledger architecture. Humans just needed for decision-taking and don't think Blockchain is any magic bullet for anti-fraud either. You don't need Blockchain technology to improve results - that can be done today Blockchain has a long long way to go to establish any meaningful application or value to Insurers.
An expensive work of art changes hands. Neither the buyer nor the seller is named publicly, but the exchange is verified, the provenance of the painting travels with it, and the artwork is automatically insured against theft. A voting machine records votes in a frontier country known for past political corruption.
I'll indulge myself will disagree with you
It is true! I think this is a very different concept. Fully agree with her.