Blockchain in Corporate Finance: A Review of Use-Case, Opportunities and Risks
Journal Title: International Journal of Applied Research in Management and Economics - Year 2021, Vol 4, Issue 1
Abstract
In the era of the digital revolution, organizations are surrounded by disruptive technologies and find themselves constantly in the middle of change processes. In recent years, blockchain technology has evolved tremendously, and in the future, it may fundamentally influence and change the finance and accounting domain of the early 21st century. Originally the blockchain technology was created only as technology to introduce the cryptocurrency Bitcoin, however by now the blockchain is considered by experts as a major innovation beyond its initial scope. In light of these changing circumstances, innovative opportunities, as well as new challenges, arise. This creates many questions and academic debates among researchers all over the globe as to which business models and functions in the financial sector may become obsolete or where to streamline and enhance processes through blockchain applications. The paper addresses the research question to what extent the blockchain technology is capable of changing well-known business processes and finance functions within companies. In doing so, it shows the opportunities and challenges, which are based on an extensive literature-review by the authors. The paper presents current use cases on market and finishes with an outlook on the future potential of blockchain.
Authors and Affiliations
Gianfranco Marotta,Cam-Duc Au,
Keywords
Related Articles
- EP ID EP745307
- DOI https://doi.org/10.33422/ijarme.v4i1.486
- Views 46
- Downloads 0
Studying the effect of planned behavior theory and perceived value through the tendency to purchase on customers purchase behavior towards green products
In this research, we studied the effect of planned behavior theory and perceived value through the willingness to purchase on customers' purchase behavior towards green products. This is applied research in terms of its...
Impact of Microcredit on Household Consumption and Assets In Nepal
This paper intends to assess the impact of microcredit on Household Consumption and Assets in Nepal. The multivariate techniques used to achieve the objectives of the study. The study uses Nepal Living Standard Survey 20...
Application of Quality Analysis Method to Identify the Best Interaction Style of Parent Companies and Their Subsidiaries
Identifying the effective factors in improving project performance is one of the most important issues that researchers in the field of a project management deal with it. It is especially important in project-oriented or...
Factors Influencing Digital Marketing and Digital Payment on Consumer Purchase Behaviour
The issue of whether innovation and technological advancement continually bring new phenomenon remains unpredictable, especially in the financial industry. As technology and digital services continue to ingrain themselve...
Identifying and Prioritizing Indicators of Performance Evaluation of Nonprofit Educational Institutions with Hybrid Approach of BSC and ANP and DIMATEL
Regarding the important role of educational institutions in educating suitable human resources for society, this research has been conducted to identify and prioritize the indicators of performance evaluation of nonprofi...