Asian Journal of Management, Entrepreneurship and Social Science
Vol. 4 No. 01 (2024): Pebruary, Asian Journal of Management Entrepreneurship and Social Science ( AJ

Challenges of Adopting Blockchain Technology in Improving SME Performance

Nur Diana (Student of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, Indonesia)
Maslichah Maslichah (Student of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, Indonesia)
Dewi Diah F (Student of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, Indonesia)
Agus Hermawan (Faculty of Economics and Business, Universitas Negeri Malang, Indonesia)
Pujihandayati Pujihandayati (Faculty of Economics and Business, Universitas Negeri Malang, Indonesia)



Article Info

Publish Date
20 Dec 2023

Abstract

The rise of technological innovation in the era of the Industrial Revolution 4.0 has caused a breakthrough in various lines of life, including the economy. One of the technological innovations is the blockchain that can also be exploited by SMEs. This study is a literature review study that aims to provide an overview of the benefits of blockchain adoption on SMEs, the factors driving its use, and the challenges of blockchain. The use of blockchain in SMEs can facilitate in terms of more transparent, effective, efficient supply chain management. Easier in terms of delivering goods more on time so that it can ultimately deliver customer satisfaction and make a competitive advantage. The use of blockchain can also make SMEs more internationalized by collaborating with foreign e-commerce. Factors that can drive SMEs to adopt the blockchain are perceived ease of use, perceved of usefullness, performance expectancy, effort expectance, social influence, facilitating condition, trust, and relative advantage. But the obstacles to adoption are risk perceptions, security perception, low awareness, and minimal digital infrastructure. This paper is expected to give SMEs an insight into the importance of blockchain adoption to increase their performance.

Copyrights © 2024






Journal Info

Abbrev

ajmesc

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Asian Journal of Management, Entrepreneurship and Social Science (AJMESC) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality empirical ...