Changing research paradigms of blockchain for businesses: Proposing a M.A.L.T framework

Behl, Abhishek

Abstract

Blockchain is a revolutionary technology with the potential to support business operations by adding value to the existing value chain of a company (Gorkhali & Chowdhury, 2021; Xu, Chen, & Kou, 2019). With distributed ledger technology, permissioned participants can access the same information simultaneously to improve efficiency, build trust and remove friction (Gorkhali & Chowdhury, 2021). This saves time and cost, thereby improving the operational efficiency of the organizations. Blockchain offers some benefits based on unique yet significant attributes: security, immutability, replication, and consensus (Hölbl, Kompara, Kamišalić, & Nemec Zlatolas, 2018). Additionally, blockchain technology (BCT) drives business models by removing the intermediaries in an ecosystem, thereby reducing the chance of information loss (Yli-Huumo, Ko, Choi, Park, & Smolander, 2016). The application of BCT is mainly seen in the financial industry and supply chain management (Yli-Huumo et al., 2016). (See Fig. 1.)

Citation

Behl, A. (2022). Changing research paradigms of blockchain for businesses: Proposing a M.A.L.T framework. Journal of High Technology Management Research, 33(1), Article 100428. https://doi.org/10.1016/j.hitech.2022.100428

• Journal Article Type: Article
• Acceptance Date: Mar 28, 2022
• Online Publication Date: Mar 28, 2022
• Publication Date: 2022-05
• Deposit Date: Aug 21, 2024
• Journal: Journal of High Technology Management Research
• Print ISSN: 1047-8310
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 33
• Issue: 1
• Article Number: 100428
• DOI: https://doi.org/10.1016/j.hitech.2022.100428
• Public URL: https://keele-repository.worktribe.com/output/856313
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S1047831022000037?via%3Dihub