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

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dc.contributor.authorChabani, Zakariya
dc.contributor.authorHamouche, Salima
dc.contributor.authorSaid, Raed
dc.date.accessioned2021-08-16T12:14:26Z
dc.date.available2021-08-16T12:14:26Z
dc.date.copyright© 2021
dc.date.issued2021
dc.descriptionThis 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_46en_US
dc.description.abstractThe 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.citationChabani, 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_46en_US
dc.identifier.isbn978-303073881-5
dc.identifier.issn23673370
dc.identifier.urihttp://hdl.handle.net/20.500.12519/427
dc.identifier.urihttps://doi.org/10.1007/978-3-030-73882-2_46
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relationAuthors 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.ispartofseriesICDTA 2021: Digital Technologies and Applications;
dc.rightsLicense to reuse the abstract has been secured from Springer Nature and Copyright Clearance Center.
dc.rights.holderCopyright : © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
dc.rights.licenseLicense Number: 5372341435996 License date: Aug 19, 2022
dc.rights.urihttps://s100.copyright.com/CustomerAdmin/PLF.jsp?ref=11683836-4018-4b29-ab4b-e5d1e413aa31
dc.subjectBlockchain technologyen_US
dc.subjectFinanceen_US
dc.subjectHRMen_US
dc.subjectSMEsen_US
dc.subjectStrategic managementen_US
dc.titleIs Blockchain Technology Applicable in Small and Medium-Sized Enterprises?en_US
dc.typeConference Paperen_US

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