Study of Blockchain Technology in Empowering the SME

A blockchain‐enabled solution to improve intra‐inter organizational innovation processes in software small medium enterprises

“…Therefore, Blockchain technology has the potential to improve both intra-and inter-organizational innovation processes in SSMEs by providing secure, transparent, and decentralized platforms for collaboration and information sharing. [18][19][20][21] To the best of the author's knowledge, to date, the existing state-of-the-art literature confirms that previous researchers have made little or no effort specifically in contributing to Intra-Inter Organizational Innovation Processes in SSMEs. In light of this, this paper proposes a reliable Blockchain authentication framework for knowledge and information sharing.…”

“…Blockchain technology can address these challenges by providing a secure and transparent platform for data sharing, which can help SMEs to collaborate with partners, access funding, and enter new markets. Unlike traditional data‐sharing systems, blockchain provides a decentralized platform that eliminates the need for intermediaries 18‐21 . This means that SMEs can share data with partners or third parties without the need for a trusted intermediary.…”

“…This can help SMEs to build trust with partners and third parties, which can be critical in building successful collaborations. Therefore, Blockchain technology has the potential to improve both intra‐ and inter‐organizational innovation processes in SSMEs by providing secure, transparent, and decentralized platforms for collaboration and information sharing 18‐21 …”

“…But because of the increased interest and investment it has received from other businesses as a result of its promise of security, effectiveness, and openness, it will be a crucial technology to watch in the years to come. Blockchain technology has significant potential to benefit SMEs in various ways 18‐21 . Blockchain technology can improve security in SMEs by providing a tamper‐proof digital record of all transactions.…”

“…Unlike traditional data-sharing systems, blockchain provides a decentralized platform that eliminates the need for intermediaries. [18][19][20][21] This means that SMEs can share data with partners or third parties without the need for a trusted intermediary. This can reduce costs and increase efficiency in data sharing.…”