Blockchain: Speed, Efficiency, Decreased Costs, and Technical Challenges

Wilkie, Amanda; Smith, Sean Stein

doi:10.1108/978-1-83982-198-120211014

Cited by 8 publications

(7 citation statements)

References 2 publications

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“…However, the lack of interoperability standards is a major obstacle to mass adoption (Casino et al, 2019;O'Leary, 2019). More and more commercial enterprises build and implement private, consortium or hybrid blockchains (Wilkie and Smith, 2021), which create often closed ecosystems. They use multiple data standards and protocols that isolate blockchains in their respective environments.…”

Section: Blockchain Interoperabilitymentioning

confidence: 99%

“…This method can be easily implemented, especially in a non-blockchain environment (Mammadzada et al, 2020). In fact, oracles do not create a real blockchain to blockchain interoperability; they combine non-blockchain systems to make a blockchain interoperable with those systems (Wilkie and Smith, 2021).…”

Section: Cross-chain Interoperabilitymentioning

confidence: 99%

“…For this reason, blockchain technology must develop standards and multi-channel information exchange protocol (Dhuddu and Mahankali, 2021). Blockchain technology, like any other evolving technology or platform, has several technical components and factors in order to operate efficiently (Wilkie and Smith, 2021). In the present context, there are several blockchain applications that address supply chain challenges and utilise existing blockchain platforms, such as Ethereum, R3 Corda, Hyperledger Fabric.…”

Section: Introductionmentioning

confidence: 99%

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Blockchain Interoperability Issues in Supply Chain: Exploration of Mass Adoption Procedures

Kayıkçı

Subramanian

2022

Studies in Big Data

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Today's supply chains are becoming more data-driven with the impact of big data, but there are many challenges that need to be overcome in big data for better service operations management in supply chains. Blockchain has the great potential to improve big data services and applications with its decentralisation and security nature. However, blockchain interoperability is critical to realising more value creation in blockchain networks and achieving promising results for global supply chains that intersect with multiple business ecosystems and blockchain platforms. In addition, it is unclear how to address interoperability issues for mass adoption. In this chapter, a three-step approach is applied to analyse blockchain interoperability in supply chains for mass adoption. First, a literature review is conducted to explain blockchain technology and the widely used methodologies for blockchain interoperability in supply chains. Then, four real-case blockchain use cases in supply chains from different industry segments are analysed in terms of their technical capabilities addressing interoperability concerns. Finally, we discuss results of use case analysis based on the comments of interviewees. The analysis reveals that REST-APIs with a common interface and GS1 standards are very useful to integrate with blockchain applications in supply chains for mass adoption.

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Section: Blockchain Interoperabilitymentioning

confidence: 99%

Section: Cross-chain Interoperabilitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Blockchain Interoperability Issues in Supply Chain: Exploration of Mass Adoption Procedures

Kayıkçı

Subramanian

2022

Studies in Big Data

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“…Blockchain technology, primarily speaking, was launched with a view "to synchronize the data and transactions over the supply chain network and connected nodes" (Gohil and Thakker, 2021). Blockchain technology can be described with five main elementsdistribution, encryption, immutability, tokenization and decentralization (Wilkie and Smith, 2021). Furthermore, blockchain technology is based on five principles: computational logic, peer-to-peer transmission, irreversibility of records, distributed database and transparency with pseudonym (Pal et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Oh and Shong (2017) define blockchain as “a distributed ledger, in which the blocks containing transaction details are connected chronologically to form a series of chains, thus raising the possibility of improving the process and innovating business model for the financial institutions.” Blockchain technology, primarily speaking, was launched with a view “to synchronize the data and transactions over the supply chain network and connected nodes” (Gohil and Thakker, 2021). Blockchain technology can be described with five main elements – distribution, encryption, immutability, tokenization and decentralization (Wilkie and Smith, 2021). Furthermore, blockchain technology is based on five principles: computational logic, peer-to-peer transmission, irreversibility of records, distributed database and transparency with pseudonym (Pal et al , 2021).…”

Section: Introductionmentioning

confidence: 99%

Invoking blockchain technology in e-government services: a cybernetic perspective

Saxena

Shao

Nikiforova

et al. 2022

DPRG

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Purpose This paper aims to provide insights into the integration of blockchain technology in e-government services. Design/methodology/approach The article invokes an exploratory approach to emphasize the possibilities of integrating blockchain technology in e-government services. A cybernetic model is detailed in the paper for bridging the gulf between blockchain and e-government. Findings The integration of blockchain technology in e-government services is capable of enhancing the efficiency and effectiveness of service delivery. Furthermore, this integration would facilitate in maintaining the privacy of the online transactions. Originality/value Hitherto, studies have focused on the blockchain technology in many sectors; however, the integration and utility of blockchain technology for the government sector have remained unexplored. The current study seeks to fill this gap.

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