Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Economic, Management, Business and Accountancy International Journal (EMBAIJ)
Noverina Silalahi
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Role of Blockchain Technology in Enhancing Transparency and Trust in Industrial Relations Negotiations Muhammad Junaid Kamaruddin; Noverina Silalahi
Economic, Management, Business and Accountancy International Journal Vol. 1 No. 1 (2024): Economic, Management, Business and Accountancy International Journal
Publisher : MJK PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The Industrial Revolution 5.0 has brought about a new era in industrial relations, but there are concerns regarding transparency and trust in the negotiation process. Penulis suggests that blockchain technology can address these concerns by enhancing trust and transparency. By utilizing smart contracts, blockchain can increase transparency and security in negotiations with minimal transaction costs. Furthermore, data stored on a blockchain network is difficult to manipulate without authorized authority, thus ensuring the integrity of the system. The researcher use qualitative methods to explain complex subjects, include multiple sources and perspectives, and identify patterns. The application of blockchain technology has already demonstrated increased transparency and trust in supply chain management and can also be extended to industrial relations negotiations. However, further research is needed to fully understand its potential benefits and challenges. To maximize the advantages of blockchain technology, it is recommended to educate the public about its benefits, establish sensible regulations to address security and privacy concerns, and foster collaboration between industry and government to develop consistent standards and a widely accepted framework for blockchain implementation.
Co-Authors Muhammad Junaid Kamaruddin