Going beyond intent to adopt Blockchain: an analytics approach to understand board member and financial health characteristics

Farnoush, Alireza; Gupta, Ashish; Dolarsara, Hamidreza Ahady; Paradice, David; Rao, Shashank

doi:10.1007/s10479-021-04113-0

Cited by 12 publications

(3 citation statements)

References 110 publications

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“…The present study's outcomes are aligned with the other literature findings in the field of supply chain firms. More specifically, Farnoush et al [78] and Hasan et al [79] mention the field of blockchain technology and its advancements, which include cryptocurrencies and DeFi applications, as a factor for assisting and successfully managing the digital transformation of modern firms. Moreover, the connection between leveraging big data to predict supply chain firms' customer demand and enhance their sustainability has been highlighted as a critical factor in their digital transformation management [15].…”

Section: Theoretical and Practical Implicationsmentioning

confidence: 99%

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Sakas,

Giannakopoulos,

Terzi

et al. 2023

Electronics

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Emerging technologies in the digital context can favor industrial sector firms in their aim to improve their performance. Digitalization is mainly expressed through the utilization of big data that originate from various sources. Blockchain technology has led to the extended adoption of capitalization of Decentralized Finance (DeFi) services, such as cryptocurrency trade platforms. Supply chain firms, in their quest to exploit any means and collaborations available to promote their services, could place advertisements on DeFi’s social media profiles to boost their financial performance. Social media analytics, as a part of the big data family, are an emerging tool for promoting a firm’s digital transformation, based on the plethora of customer behavioral data they provide. This study aims to examine whether the social media analytics of DeFi platforms are capable of affecting their website visibility, as well as the financial performance of supply chain firms. To do so, the authors collected data from the social media profiles of the most-known DeFi platforms and web analytics from the most significant supply chain firms’ websites. For this purpose, proper statistical analysis, Fuzzy Cognitive Mapping, Hybrid Modeling, and Cognitive Neuromarketing models were adopted. Throughout the present research, it has been discerned that from an increase in the social media analytics of DeFi platforms, their website visibility increases, while the organic and paid traffic costs of supply chain firms decrease. Supply chain firms’ website customers tend to increase at the same time.

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Section: Theoretical and Practical Implicationsmentioning

confidence: 99%

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Sakas,

Giannakopoulos,

Terzi

et al. 2023

Electronics

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“…Blockchain 2.0 refers to contracts and is used more extensively than simple cash transactions for financial applications such as smart contracts. Finally, Blockchain 3.0 refers to Blockchain applications beyond currency transactions, used for non-financial applications more broadly in government, health and science (Swan, 2015; Farnoush et al. , 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Can Blockchain technology help small islands achieve sustainable tourism? A perspective on North Cyprus

Özgit

Adalıer

2022

WHATT

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PurposeThe purpose of this study is to explore the presence and use of Blockchain technologies (BCTs) in the North Cyprus hotel and tourism sectors by eliciting stakeholder perspectives on BCT's role in sustainable tourism development and the current state of its application in North Cyprus.Design/methodology/approachA qualitative methodology was used and primary data gathered via telephone interviews with sixteen managers of casino hotels. The researchers also used an observation technique for data collection in order to better analyse the existing case situation.FindingsAlthough the findings show similarities in the stakeholders' awareness of cryptocurrencies, they lack overall knowledge of BCTs. The responses of participants indicate a lack of knowledge regarding the use of BCTs, particularly the areas in which they can be used. North Cyprus' tourism and hotel sectors are significantly behind the curve in terms of adopting innovative technologies, due to traditional operational concerns and to the limited scope of policy development.Research limitations/implicationsPolicymakers should consider the practical implications for both the sector's and the country's resources in order to maximize environmental and financial gains.Practical implicationsThe promotion of sustainable tourism can be facilitated by the wider adoption of BCTs as it could enable operators to manage their network relationships and business operations in a more socially and environmentally responsible manner.Originality/valueNo prior studies were found that evaluate the presence of BCTs in support of tourism development in North Cyprus. This study will assist practitioners in comprehending the practical implications and will enable policymakers to develop sector-specific policies.

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“…Radio Frequency Identification, Energy Performance Certificates, etc.) (Farnoush et al, 2021). Several big corporations are now working on blockchain technology testing or pilot…”

Section: Introductionmentioning

confidence: 99%

Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

Fernandez-Vazquez

Rosillo

Fuente

et al. 2022

BPMJ

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Purpose The analytical hierarchical process (AHP)’s main purpose is to assess higher hierarchy levels based on the cooperation of its various levels. It results in a well-designed model-based method in which the weights for the selected attribute are calculated using dimensions, criteria, and indicators. This paper aims to highlight the benefits of blockchain in supply chain management with the help of a literature review along with opinions of experts from various sectors.Design/methodology/approachWith the goal of enhancing the use of blockchain technology in supply chain management, particularly when comparing within the same industry, the AHP methodology has been used. In order to develop the AHP model, a total of eight elements are examined in this study, which are decentralization, resiliency, security, smart contracts, sustainability, traceability, transparency and trust. A calculation of a Desirability Index for conventional supply chain and blockchain-enabled supply chains has been also developed.FindingsFindings where that in a blockchain-enabled supply chain, the global weights of individual benefit variables are considerably larger than in conventional supply chains. When the score of the Desirability Index for conventional supply chain and blockchain-enabled supply chain is compared, the blockchain-enabled supply chain significantly surpasses the conventional supply chain in terms of increasing sustainable development in today’s supply networks.Originality/valueThis study takes into account the AHP methodology applying it on blockchain. This has not been done before in the academic world, at least as far as the authors may be aware of. The originality of combining such process with a recent technology such as blockchain highlights the value of this research.

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Going beyond intent to adopt Blockchain: an analytics approach to understand board member and financial health characteristics

Cited by 12 publications

References 110 publications

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Can Blockchain technology help small islands achieve sustainable tourism? A perspective on North Cyprus

Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

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