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Blockchain adoption in sustainable supply chains: Opportunities, challenges, and sustainability impacts across sectors Md Jawadur Rahim; Md. Jahidul Islam; Subroto Deb Nath; Muhammad Ihsan Ibn Rahim; Ather Yeasir
Annals of Human Resource Management Research Vol. 4 No. 2 (2024): September
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ahrmr.v4i2.2523

Abstract

Purpose: This study reviews the integration of blockchain technology into modern financial systems and outlines its huge potential to improve transparency, security, and operational efficiency. Based on the challenges of data integrity, fraud prevention, and the reduction of intermediaries, this study assesses the transformational role of blockchain in financial institutions. Research Methodology: A mixed-methods approach was used, combining quantitative survey data from 150 financial executives with qualitative insights from expert interviews. Statistical analysis and thematic interpretation were used to provide an integrated assessment of blockchain applications and the challenges of its adoption in the financial sector. Results: The results show that blockchain improves transaction transparency and security, reducing fraud and data manipulation. Respondents were optimistic about cost reductions from eliminating intermediaries. However, adoption remains limited by scalability issues, regulatory uncertainty, and technical integration challenges, which hinder broader implementation. Conclusions: Blockchain offers strong potential to enhance transparency, security, and efficiency in financial systems; however, adoption remains limited due to complexity, high costs, and regulatory challenges. Limitations: The limitations of the study are the small sample size, which limits the generalization of findings. Further research with larger and more diverse samples is needed to investigate more comprehensively the impact of blockchain on the financial sectors. Contributions: Therefore, this research contributes to the discourse on blockchain as a transformative finance technology by providing insights into useful strategic, policy, and technology issues. Novelty: It also presented both opportunities and challenges in view of realizing blockchain's role in digitizing financial ecosystems.
Mediating Role in Industry 4.0 (4IR) Adoptions and Sustainable Corporate Financial Growth in Developed Economies Md Jawadur Rahim; Md. Jahidul Islam; Md. Nasirul Islam; Muhammad Ihsan Ibn Rahim
Journal of Governance and Accountability Studies Vol. 4 No. 2 (2024): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jgas.v4i2.2511

Abstract

Purpose: This study aims to explore the role of Industry 4.0 maturity in enhancing corporate financial performance in developed economies. It examines how technological innovation impacts Internal Business Process Performance (IBPP), Supply Chain Performance (SCP), and customer performance, which mediate financial outcomes. Methods: A survey was conducted among 110 manufacturing firms in the United States, selected from a database of 834 eligible companies. The study employed AMOS software for Structural Equation Modelling (SEM) to test hypotheses based on survey data. The maturity of Industry 4.0 technologies in these firms was measured using a comprehensive framework. Results: The study found that Industry 4.0 maturity significantly improves IBPP and SCP, positively affecting customer performance. Notably, customer performance serves as a full mediator between SCP, IBPP, and financial performance. Firms with higher Industry 4.0 maturity show better financial results due to improved customer engagement and satisfaction. Limitations: The study's findings are based on a sample of 110 firms, which limits generalizability. Future research with larger and more diverse samples is recommended. Contributions: This research contributes to understanding how Industry 4.0 technologies influence financial success, providing valuable insights for policymakers and business leaders in manufacturing sectors. Novelty: The study uniquely examines the complementary roles of IBPP, SCP, and customer performance in mediating the relationship between Industry 4.0 maturity and financial outcomes.