Blockchain adoption is inevitable—Barriers and risks remain

Prewett, Kyleen; Prescott, Gregory L.; Phillips, Kirk

doi:10.1002/jcaf.22415

Cited by 95 publications

(46 citation statements)

References 2 publications

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“…Similarly, Fuller and Markelevich (2020: 34) analyze “data security, privacy, and implementation considerations,” especially as they relate to accounting information systems. Prewett, Prescott, and Phillips (2020) also discuss the barriers to implementing blockchain technology—namely scalability, architecture, and data security. In the same journal issue as the previous two articles, Sinha (2020) also provides an overview of the mostly security‐related challenges of implementing a blockchain for accounting purposes.…”

Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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This article provides a review of the accounting blockchain literature, with a focus on current trends and recommendations for future research opportunities. Our review identifies seven main areas: (i) future of blockchain technology, (ii) impact on the accounting function, (iii) auditing considerations, (iv) financial reporting for cryptoassets, (v) case studies, (vi) governance, and (vii) taxation. The article aims to bridge the gap between practitioners and academics by providing a review of both areas of literature and highlighting common ground between the two arenas. While academics have begun to explore how the accounting profession might change in response to blockchain, this research is limited primarily to the auditing field. Practitioners, for their part, have expanded their scope to also devote significant attention to the financial reporting and taxation of cryptoassets. Expanding the discussion of accounting and blockchains beyond their current concentrations in auditing and accounting information systems, we call for more research on the impact of blockchain technology in other areas such as corporate governance or the intersection of accounting and society.

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Section: Resultsmentioning

confidence: 99%

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Pimentel

Boulianne

2020

Accounting Perspectives

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“…However, the upside potential-which will likely require unique solutions depending on the context-is pretty substantial. Eventually, even with the limitations it is expected that blockchain-type integration for RL and transportation will likely occur and managers within multiple functions and organizations of all types will require knowledge and expertise development [93].…”

Section: Implications For Managementmentioning

confidence: 99%

Digitalizing the Closing-of-the-Loop for Supply Chains: A Transportation and Blockchain Perspective

et al. 2021

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The circular economy is gaining in importance globally and locally. The COVID-19 crisis, as an exceptional event, showed the limits and the fragility of supply chains, with circular economy practices as a potential solution during and post-COVID. Reverse logistics (RL) is an important dimension of the circular economy which allows management of economic, social, and environmental challenges. Transportation is needed for RL to effectively operate, but research study on this topic has been relatively limited. New digitalization opportunities can enhance transportation and RL, and therefore further enhance the circular economy. This paper proposes to review practical research and concerns at the nexus of transportation, RL, and blockchain as a digitalizing technology. The potential benefits of blockchain technology through example use cases on various aspects of RL and transportation activities are presented. This integration and applications are evaluated using various capability facets of blockchain technology, particularly as an immutable and reliable ledger, a tracking service, a smart contract utility, as marketplace support, and as tokenization and incentivization. We also briefly introduce the physical internet concept within this context. The physical internet paradigm proposed last decade, promises to also disrupt the blockchain, transportation, and RL nexus. We include potential research directions and managerial implications across the blockchain, transportation, and RL nexus.

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“…The challenges of implementation of blockchain technology could be: large investments, inability to integrate all relevant participants, distrust in the entire system (cyber security), legal barriers related to personal data protection, unequal level of development of seaports [30]. Prewett, Prescott, and Philips [35], indentified several barriers to blockchain technology implementation. The first barrier could be scalability, which represents the limited capacity of the system in processing large amounts of data at a given time.…”

Section: Future Development Of Technologies In Seaportsmentioning

confidence: 99%

“…The basis of blockchain technology is decentralization. However, "the lack of standardization also prevents blockchain participants from being able to collaborate and communicate effectively" [35]. Ultimately, the most critical role could be the lack of adequate human resources and the complexity of setting up the blockchain technology itself, from programming and testing to the implementation in the system.…”

Section: Future Development Of Technologies In Seaportsmentioning

confidence: 99%

An Overview of Modern Technologies in Leading Global Seaports

Skender

Ribarić

Jović

2020

JMTS

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This paper provides an overview of the modern technologies used in selected global seaports, and their possible impact on future development of seaports. The research problem stems from inefficience of customs procedures, dispute information flow, unneeded container manipulation in port area, and time lost due to bureucracy procedures. Methods used in this paper are the descriptive method, method of analysis, classification method, and compilation method. Since the majority of leading global seaports are placed in China, the authors decided to analyze the most successful seaport from each country, in order to achieve heterogeneity and global insight into used modern technologies. In total, eleven seaports placed on Lloyd’s list Top 100 Ports have been analyzed. Key findings in this paper are: (1) different level of development of a particular country affects different levels of implementation of new technical and technological achievements, resulting in different levels of development of each seaport; (2) future development of modern technologies in seaports leans towards autonomous technologies such as autonomous drones, and self-driving trucks. Modern technologies may improve the safety and efficiency of operations in and outside seaports.

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Blockchain adoption is inevitable—Barriers and risks remain

Cited by 95 publications

References 2 publications

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*

Digitalizing the Closing-of-the-Loop for Supply Chains: A Transportation and Blockchain Perspective

An Overview of Modern Technologies in Leading Global Seaports

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