•Arrival of blockchain is set to transform supply chain activities.•Blockchain is likely to affect key supply chain management objectives such as cost, quality, speed, dependability, risk reduction, ...sustainability and flexibility.•The incorporation of the IoT in blockchain-based solutions is important.•The deployment of blockchain to validate individuals and assets identities is another key factor.
Arrival of blockchain is set to transform supply chain activities. Scholars have barely begun to systematically assess the effects of blockchain on various organizational activities. This paper examines how blockchain is likely to affect key supply chain management objectives such as cost, quality, speed, dependability, risk reduction, sustainability and flexibility. We present early evidence linking the use of blockchain in supply chain activities to increase transparency and accountability. Case studies of blockchain projects at various phases of development for diverse purposes are discussed. This study illustrates the various mechanisms by which blockchain help achieve the above supply chain objectives. Special emphasis has been placed on the roles of the incorporation of the IoT in blockchain-based solutions and the degree of deployment of blockchain to validate individuals’ and assets’ identities.
This paper evaluates blockchain's roles in strengthening cybersecurity and protecting privacy. Since most of the data is currently stored in cloud data centers, it also compares how blockchain ...performs vis-vis the cloud in various aspects of security and privacy. Key underlying mechanisms related to the blockchain's impacts on the Internet of Things (IoT) security are also covered. From the security and privacy considerations, it highlights how blockchain-based solutions could possibly be, in many aspects, superior to the current IoT ecosystem, which mainly relies on centralized cloud servers through service providers. Using practical applications and real-world examples, the paper argues that blockchain's decentralized feature is likely to result in a low susceptibility to manipulation and forgery by malicious participants. Special consideration is also given to how blockchain-based identity and access management systems can address some of the key challenges associated with IoT security. The paper provides a detailed analysis and description of blockchain's roles in tracking the sources of insecurity in supply chains related to IoT devices. The paper also delves into how blockchain can make it possible to contain an IoT security breach in a targeted way after it is discovered. It discusses and evaluates initiatives of organizations, inter-organizational networks and industries on this front. A number of policy implications are discussed. First, in order to strengthen IoT, regulators can make it obligatory for firms to deploy blockchain in supply chain, especially in systems that are mission critical, and have substantial national security and economic benefits. Second, public policy efforts directed at protecting privacy using blockchain should focus on providing training to key stakeholders and increasing investment in this technology. Third, one way to enrich the blockchain ecosystem would be to turn attention to public–private partnerships. Finally, national governments should provide legal clarity and more information for parties to engage in smart contracts that are enforceable.
•Blockchain could provide a solution and high level of privacy protection.•The cloud and blockchain have differences from security and privacy standpoints.•Governments should provide legal clarity for parties to engage in smart contracts.•Public–private partnership can enrich the blockchain ecosystem to enhance security and privacy.•Blockchain can play a role in tracking sources of insecurity in supply chains related to IoT devices.
This column evaluates blockchain's roles in strengthening security in the Internet of Things (IoT). Key underlying mechanisms related to the blockchain-IoT security nexus are covered. From a security ...standpoint, the article highlights how blockchain-based solutions could be, in many aspects, superior to the current IoT ecosystem, which relies mainly on centralized cloud servers. Using practical applications and real-world examples, the article argues that blockchain's decentralized nature is likely to result in a low susceptibility to manipulation and forgery by malicious participants. Special consideration is given to how blockchain-based identity and access management systems can address some of the key challenges associated with IoT security. The column provides a detailed analysis and description of blockchain's roles in tracking the sources of insecurity in supply chains related to IoT devices. Using blockchain, it is also possible to contain an IoT security breach in a targeted way after it is discovered. The column also discusses and evaluates initiatives of organizations, interorganizational networks, and industries on the frontlines of blockchain.
Products and services based on advanced technologies such as artificial intelligence and blockchain are normally considered to be for rich consumers in advanced countries. Fourth Revolution and the ...Bottom Four Billion demonstrates how marginalized and vulnerable groups with limited resources can also benefit from these technologies. Nir Kshetri suggests that the falling costs and the increased ease of developing and deploying applications based on these technologies are making them more accessible. He illustrates how key emerging technologies are transforming major industries and application areas such as healthcare and pandemic preparedness, agriculture, finance, banking, and insurance. The book also looks at how these transformations are affecting the lives of low-income people in low- and middle-income countries and highlights the areas needing regulatory attention to adequately protect marginalized and vulnerable groups from the abuse and misuse of these technologies. Kshetri discusses how various barriers such as the lack of data, low resource languages, underdeveloped technology infrastructures, lack of computing power and shortage of skill and talent have hindered the adoption of these technologies among marginalized and vulnerable groups. Fourth Revolution and the Bottom Four Billion suggests that it is the responsibility of diverse stakeholders—governments, NGOs, international development organizations, academic institutions, the private sector, and others—to ensure that marginal groups also benefit from these transformative innovations.
This paper presents a review of academic literature, policy documents from government organizations and international agencies, and reports from industries and popular media on the trends in Big Data ...utilization in key development issues and its worthwhileness, usefulness, and relevance. By looking at Big Data deployment in a number of key economic sectors, it seeks to provide a better understanding of the opportunities and challenges of using it for addressing key issues facing the developing world. It reviews the uses of Big Data in agriculture and farming activities in developing countries to assess the capabilities required at various levels to benefit from Big Data. It also provides insights into how the current digital divide is associated with and facilitated by the pattern of Big Data diffusion and its effective use in key development areas. It also discusses the lessons that developing countries can learn from the utilization of Big Data in big corporations as well as in other activities in industrialized countries.
As prior researchers have suggested, a firm’s success in an international market depends on how well its strategy fits the nonmarket environment, such as formal institutions. This paper examines the ...determinants of formal institutions around new areas of economic activities. Specifically, we propose a framework for understanding how the quality of formal institutions in promoting entrepreneurship drives the focus of such institutions concerning initial coin offering (ICO), which is emerging as a popular fundraising method. The paper uses inductive analysis to examine how nonmarket factors—such as a jurisdiction’s tax haven nature, regulators’ perceptions of ICOs as threats to national or political interests, and trade and industry associations—might moderate the relationship between the quality of institutions and the focus of such institutions regarding ICOs. One of this study’s key findings is that an economy’s quality of entrepreneurship-related institutions, perceived threats to national/political interests, and tax haven nature lead to different policy orientations. Consequently, regulators assign different importance when promoting crypto-entrepreneurship and dealing with associated risks. Regulators focusing mainly on promoting crypto-ventures have taken measures to enrich the blockchain ecosystem and provided tax and non-tax incentives to attract such ventures. Regulators focusing mainly on dealing with crypto-venture risks rely on a regulatory sandbox and close regulatory monitoring of such ventures.
Is It Live, or Is It Deepfake? Kshetri, Nir; DeFranco, Joanna F.; Voas, Jeffrey ...
Computer (Long Beach, Calif.),
2023-July, Volume:
56, Issue:
7
Journal Article
Peer reviewed
Let’s build deepfake ‘trust’ so it can be put to good use.
•Blockchain can help develop sustainable supply chains in developing countries.•Blockchain can address institutional deficiencies to implement sustainability.•Blockchain performs well in terms of ...cost-benefit and technical considerations.•Blockchain’s transparency can benefit less powerful members in supply chains.•Blockchain can reduce fake and low-quality ingredient products in supply chains.
Theoretical, empirical and anecdotal evidence suggests that there are more violations of sustainability principles in supply chains in developing countries than in developed countries. Recent research has demonstrated that blockchain can play an important role in promoting supply chain sustainability. In this paper we argue that blockchain’s characteristics are especially important for enforcing sustainability standards in developing countries. We analyze multiple case studies of blockchain projects implemented in supply chains in developing countries to assess product quality, environmental accounting and social impact measurement. We have developed seven propositions, which describe how blockchain can help address a number of challenges various stakeholders face in promoting sustainable supply chains in developing countries. The challenges that the propositions deal with include those associated with an unfavorable institutional environment, high costs, technological limitations, unequal power distribution among supply chain partners and porosity and opacity of value delivery networks.
Just like its recent predecessors, blockchain - also known as the distributed ledger technology - is considered to have the potential to cause major economic, political and social transformations in ...the Global South. The visible effects of this technology are already being noted there. We present early evidence linking the use of blockchain in overcoming some economic, social and political challenges facing the Global South. The article highlights the key applications and uses of blockchain in developing countries. It demonstrates how blockchain can help promote transparency, build trust and reputation, and enhance efficiency in transactions. The article looks at opportunities and key triggers for blockchain diffusion in these countries. It also delves into challenges and obstacles that developing economies are likely to encounter in the use of blockchain.
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