Hybrid Decision Model for Evaluating Blockchain Business Strategy: A Bank’s Perspective

Chen, Nien-Ping; Shen, Kao-Yi; Liang, Chiung‐Ju

doi:10.3390/su13115809

Cited by 13 publications

(9 citation statements)

References 58 publications

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“…The results show that application functionality, convenience, and performance expectation are significant factors in the selection of an m-banking application, while performance quality, security, and compliance are considered important. Chen et al [68] examined five major block-chain-based systems with a local bank serving in Taiwan and proposed a hybrid decision model with trust-weighted fuzzy evaluations. They stated that understanding the importance of these factors will contribute to the determination of the ideal business strategy for the bank and that the most important dimension is not the technical capacity of the banks but the relevant policies and regulations.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of Efficiency and Productivity of Commercial Banks in Turkey Pre- and during COVID-19 with an Integrated MCDM Approach

2022

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Above all, this study is original in that it reveals the efficiency and productivity of banks exposed to the current pandemic situation. The aim of this study is to evaluate bank efficiency and productivity of commercial banks operating in Turkey pre- and during COVID-19 by using a novel integrated multi-criteria decision-making (MCDM) approach. We divided the banks into three groups in order to evaluate the differences in terms of their efficiency and productivity: state banks, foreign banks and private domestic banks. This paper fills a gap in the literature by using a novel integrated MCDM approach including SWARA II as a subjective weighting method, MEREC as an objective weighting method, and MARCOS as a ranking method to evaluate bank efficiency and productivity. The results reveal that banks with foreign investors achieved higher productivity than other bank groups and the productivity of state banks decreased especially during the COVID-19 period. It should also be noted that state banks are restricted to certain political objectives.

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Section: Literature Reviewmentioning

confidence: 99%

Analysis of Efficiency and Productivity of Commercial Banks in Turkey Pre- and during COVID-19 with an Integrated MCDM Approach

2022

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“…From a bank's perspective, if it expands the application scenarios by leveraging the infrastructure of its SCF platform, it may bring additional business opportunities and revenues. For instance, a blockchain-based platform could be extended to cross-border payment or insurance-related business [18]. Banks should consider the potential of additional application scenarios in advance.…”

Section: Technologymentioning

confidence: 99%

“…Therefore, the third and fourth strategies are both based on the blockchain technique [18]; the former (i.e., blockchain-based leading operator (BCL)) has to devise and maintain a blockchain-based supply chain ecosystem, and the latter (i.e., the blockchainbased participant (BCP)) merely joins an existing blockchain SCMS and maintains a node. Though the blockchain technique also uses the internet to connect and deliver information, it has unique characteristics that make it distinguishable to serve as a trustworthy bottom-layer solution.…”

Section: Introductionmentioning

confidence: 99%

Selecting the Fintech Strategy for Supply Chain Finance: A Hybrid Decision Approach for Banks

et al. 2022

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Many banks are eager to adopt technology solutions to enhance operational efficiency in managing supply chain finance, which involves various participants and complex financial activities. Previous research either focuses on the technology aspect or the optimization of a supply chain; there is little specific guidance on how banks can form a holistic model to evaluate their Fintech strategy for supply chain finance. By using an integrated approach, this study adopted the decision- making trial and evaluation laboratory (DEMATEL) and several analytical methods to construct a hybrid decision model for banks. We concluded four plausible Fintech strategies from previous research and highlighted the advantages of the blockchain-based strategy. We used a domestic bank in Taiwan as a case study during the evaluation phase and implemented crisp and confidence-based fuzzy assessments. The result indicates that the blockchain-based leading strategy would be ideal for this bank. The hybrid decision model also unveils the complicated relationships among those evaluation factors, which sheds light on banks pursuing their innovation in financial services. The findings contribute to banks developing their Fintech-based supply chain financing business, and the supply chain participants may also benefit from securing efficient loans to expedite their operations.

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“…Blockchain is composed of a linked block sequence to store the transaction, which uses a public key password and verification of the network community to protect the time stamped transaction [25]. When the data are stored in a blockchain, the information cannot be modified, resulting in the un-tamperability of blockchain [26]. The long time application of blockchain requires less money, and can employ real information for companies and consumers, which could be traced from raw material to final product.…”

Section: Blockchain Working Principlementioning

confidence: 99%

The Quality Control System of Green Composite Wind Turbine Blade Supply Chain Based on Blockchain Technology

Zhu

Yang

2021

Sustainability

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Nowadays, blockchain technology is expected to promote the quality control of traditional industry due to its traceability, transparency and non-tampering characteristics. Although blockchain could offer the traditional industry new energy, there are still some predictable difficulties in the early stage of its application, such as the structure of the blockchain-based system, the role of regulators in the system and high transaction fee by block packing. In this paper, we establish a pioneering quality control system for the green composite wind turbine blade supply chain based on blockchain technology. Firstly, the framework of this system is proposed to ensure that the quality of the product could not only be examined and verified by regulator, but also be monitored by other related nodes. Next, we develop a new way to store the data by hash fingerprint and the cost of transaction fees is significantly reduced in the case of a large amount of data. Then, the information on-chain method is developed to realize the data traceability of each node. At last, the tests of this system are carried out to prove its validity, the satisfactory results are obtained and information supervision and sharing role of the regulators are discussed.

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Hybrid Decision Model for Evaluating Blockchain Business Strategy: A Bank’s Perspective

Cited by 13 publications

References 58 publications

Analysis of Efficiency and Productivity of Commercial Banks in Turkey Pre- and during COVID-19 with an Integrated MCDM Approach

Analysis of Efficiency and Productivity of Commercial Banks in Turkey Pre- and during COVID-19 with an Integrated MCDM Approach

Selecting the Fintech Strategy for Supply Chain Finance: A Hybrid Decision Approach for Banks

The Quality Control System of Green Composite Wind Turbine Blade Supply Chain Based on Blockchain Technology

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