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Journal : Blockchain Frontier Technology (BFRONT)

The Use of Blockchain Technology for Smart Contracts in Future Business Agreements Ovaliani Putri, Claudia; Williams, Jacob; Anastasya, Luna; Juliastuti, Dyah
Blockchain Frontier Technology Vol. 4 No. 1 (2024): Blockchain Frontier Technology
Publisher : IAIC Bangun Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/bfront.v4i1.568

Abstract

The rapid advancement of technology in the digital era has prompted many companies to develop their businesses in line with current trends, one of which is by applying blockchain technology to smart contracts. This technology is a derivative of Cryptocurrency, which has become a trend in asset trading. The blockchain system in Cryptocurrency enables smart contracts to be designed to operate autonomously through blockchain technology using programming languages translated into legal language. This study aims to analyze the legality of using blockchain technology for smart contracts as legal products in the digital era and to assess the effectiveness of blockchain technology on smart contracts in business agreements between companies in Indonesia. This research employs a normative juridical method, focusing on the prevailing legal regulations related to the legality and effectiveness of using blockchain technology in smart contracts. The study concludes that the potential of blockchain for smart con- tracts is significant, given its efficiency and practicality, which can also reduce transaction costs. However, its implementation still needs to adapt to existing technologies, be easily accepted by society, and have stronger legal guarantees in its application.
Enhancing Security and Privacy in Blockchain Systems for Tax Administration Mardiana; Asep Sutarman; Dyah Juliastuti; Istiqomah Yati; Lucy Patricia Pasha
Blockchain Frontier Technology Vol. 4 No. 2 (2025): Blockchain Frontier Technology
Publisher : IAIC Bangun Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/bfront.v4i2.713

Abstract

This research aims to analyze the implementation of blockchain technology in tax administration to improve taxpayer compliance and state revenue. The research method used involves a literature study, secondary data analysis, and interviews with experts in taxation and blockchain technology. The background of this research is the challenges faced by the government in minimizing tax non-compliance and improving the efficiency of tax administration. The main object is to evaluate the potential of blockchain as a solution to create transparency, security, and accountability in the tax system. The method used is a quantitative approach through distributing questionnaires to 11 respondents consisting of the directorate general of taxation, taxation employees, the public as service users. Results show that blockchain implementation can reduce the risk of data manipulation, increase taxpayer confidence through transparency, and support more accurate reporting and monitoring. In addition, the use of smart contracts can simplify taxation processes, such as automatic tax calculation and direct payments. The conclusion of this study confirms that blockchain has significant potential to improve tax compliance and revenue, but challenges such as implementation costs, regulations, and infrastructure readiness need to be considered. This research provides recommendations for the government to consider a phased implementation strategy with pilot projects to ensure the successful application of blockchain technology in tax administration.