Is Blockchain Technology Applicable in Small and Medium-Sized Enterprises?

dc.contributor.author Chabani, Zakariya
dc.contributor.author Hamouche, Salima
dc.contributor.author Said, Raed
dc.date.accessioned 2021-08-16T12:14:26Z
dc.date.available 2021-08-16T12:14:26Z
dc.date.copyright © 2021
dc.date.issued 2021
dc.description This conference paper is not available at CUD collection. The version of scholarly record of this article is published in ICDTA 2021: Digital Technologies and Applications (2021), available online at: https://doi.org/10.1007/978-3-030-73882-2_46 en_US
dc.description.abstract The purpose of this research is to investigate the applicability of blockchain technology in Small and Medium Enterprises (SMEs). We have examined the advantages and the disadvantages of the use of this emerging technology in SMEs, based on the existing literature on this research topic. Applying blockchain in SMEs has many advantages: promoting transparency in the organization, facilitating market analysis for better decision-making, eliminating reconciliation costs, and making auditing easier. However, it has some disadvantages, such as; the reshuffling of job positions and the absence of clarity related to the industrial standards. Therefore, we proposed some recommendations in order to adopt this technology successfully. Firstly, the SMEs should design the distributed ledger technology (DLT) in a way to have flexible governance and regulations so that it will be easily upgradeable; additionally, it is essential that the adopted DLT design by an SME can be migrated to a different blockchain whenever the need arises. Also, DLT designers should ensure that measures are taken to limit the collection of personal information. The SMEs should also establish trust and interoperability to realize the full benefits of DLT. Finally, SMEs should invest in research that will ensure more knowledge about the perfection of blockchain technology. © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG. en_US
dc.identifier.citation Chabani, Z., Hamouche, S., & Said, R. (2021). Is blockchain technology applicable in small and medium-sized enterprises? . In: Motahhir S., Bossoufi B. (eds) Digital Technologies and Applications. ICDTA 2021. Lecture Notes in Networks and Systems (pp 505-514). Springer, Cham. https://doi.org/10.1007/978-3-030-73882-2_46 en_US
dc.identifier.isbn 978-303073881-5
dc.identifier.issn 23673370
dc.identifier.uri http://hdl.handle.net/20.500.12519/427
dc.language.iso en en_US
dc.publisher Springer Science and Business Media Deutschland GmbH en_US
dc.relation Authors Affiliations : Chabani, Z., Canadian University of Dubai, Dubai, United Arab Emirates; Hamouche, S., Canadian University of Dubai, Dubai, United Arab Emirates; Said, R., Canadian University of Dubai, Dubai, United Arab Emirates
dc.relation.ispartofseries ICDTA 2021: Digital Technologies and Applications;
dc.rights License to reuse the abstract has been secured from Springer Nature and Copyright Clearance Center.
dc.rights.holder Copyright : © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
dc.rights.uri https://s100.copyright.com/CustomerAdmin/PLF.jsp?ref=d65a2ba9-2807-4011-a825-d10fdf24c59d
dc.subject Blockchain technology en_US
dc.subject Finance en_US
dc.subject HRM en_US
dc.subject SMEs en_US
dc.subject Strategic management en_US
dc.title Is Blockchain Technology Applicable in Small and Medium-Sized Enterprises? en_US
dc.type Conference Paper en_US
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