The effect of applied blockchain on economic sustainability
| Autor: | Hany Ayaad, Autumn Bizon, Nermin Gohar |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | International Business Logistics Journal, Vol 4, Iss 1, Pp 21-43 (2024) |
| Druh dokumentu: | article |
| ISSN: | 2735-5950 2735-5969 |
| DOI: | 10.21622/IBL.2024.04.1.773 |
| Popis: | Purpose: What matters is that blockchain may be used to record anything of value, not only financial transactions. It is becoming increasingly clear that blockchain technology will drastically alter several industries, notably finance. Without a question, the financial industry is leading the way in the use of blockchain technology. Blockchain is quickly transforming the world economy. Given that distributed ledger technology, or blockchain, has the potential to always have a positive impact on society and the economy, this impact is crucial. Actually, there are more than just economic advantages to the blockchain, and some organizations have already begun to use its technological capabilities to solve issues in the real world. In order to determine the influence of applied blockchain on economic sustainability as well as the benefits and drawbacks of blockchain application for economy, this study will do so. Design/ methodology/ approach: The terms "blockchain" and " economy" were used to find qualitative information in earlier work. Finally, 50 articles in the fields of business, management, and accounting that had undergone peer review as well as book chapters and conference proceedings were chosen. White papers and unreviewed books were removed as non-scientific sources. Qualitative data were collected from previous literature using the keywords “blockchain” and “economy”. Then, preliminary data was used, by conducting 15 interviews with experts and managers in the financial sector in Egypt about their opinion on the adoption of artificial intelligence and its impact on economic sustainability. Findings: From the interviews, the study collected more detailed information about the blockchain. This could be represented in the three main themes; theme of blockchain advantages, theme of blockchain disadvantages and challenges and theme of blockchain opportunities. Finally, some recommendations were made to decision makers as well as future researchers in this field according to the study results. Received: 06 February 2024 Accepted: 12 June 2024 Published: 30 June 2024 |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|