The Role of Blockchain Technology in Enhancing Transparency and Security in Entrepreneurial Financial Transactions
Keywords:
Blockchain, Financial Transactions, Entrepreneurship, Transparency, Security, Technological InfrastructureAbstract
This study aims to explore the impact of blockchain technology on enhancing transparency and security in financial transactions within the entrepreneurial ecosystem. A qualitative research approach was utilized, employing semi-structured interviews with experts and practitioners in the field of blockchain and finance. The data were analyzed through thematic analysis to identify key themes and categories. The study identified five main themes: Transparency in Transactions, Security of Transactions, Impact on Entrepreneurship, Adoption and Challenges, and Technological Infrastructure. Each theme encompasses various sub-categories and concepts highlighting the potential benefits and challenges of implementing blockchain in financial transactions. Blockchain technology offers significant opportunities to enhance transparency and security in financial transactions. However, widespread adoption is contingent upon overcoming technical and regulatory challenges. Future research should focus on developing practical strategies for blockchain integration into various sectors.
Downloads
References
Antonucci, F., Figorilli, S., Costa, C., Pallottino, F., Raso, L., & Menesatti, P. (2019). A Review on Blockchain Applications
in the Agri‐food Sector. Journal of the Science of Food and Agriculture. https://doi.org/10.1002/jsfa.9912
Aydoğan, E., AydemİR, gt, & F., M. (2022). Blokzincir Tabanlı E-Ticaret: Bir Değerlendirme. International Journal of Social
Inquiry. https://doi.org/10.37093/ijsi.1166643
Benz, D., Hamzah, M., Ghazali, M. F., & Asli, M. F. (2021). Bringing Blockchain Technology in Innovating Industries: A
Systematic Review. https://doi.org/10.1007/978-3-030-85990-9_33
Chuadhry, M. A., Bhatti, M. G., & Shah, R. A. (2023). Impact of Blockchain Technology in Modern Banking Sector to
Exterminate the Financial Scams. Sukkur Iba Journal of Computing and Mathematical Sciences.
https://doi.org/10.30537/sjcms.v6i2.1170
Ekawati, R., Arkeman, Y., Suprihatin, S., & Sunarti, T. C. (2022). Implementation of Ethereum Blockchain on Transaction
Recording of White Sugar Supply Chain Data. Indonesian Journal of Electrical Engineering and Computer Science.
https://doi.org/10.11591/ijeecs.v29.i1.pp396-403
Farooq, M. S., Iftikhar, U., & Khelifi, A. (2022). A Framework to Make Voting System Transparent Using Blockchain
Technology. IEEE Access. https://doi.org/10.1109/access.2022.3180168
Guo, X., Zhang, G., & Zhang, Y. (2022). A Comprehensive Review of Blockchain Technology-Enabled Smart Manufacturing:
A Framework, Challenges and Future Research Directions. Sensors. https://doi.org/10.3390/s23010155
Haughton, O., Campbell, C., Howe, G., & Walcott, T. H. (2022). Evaluating the Integration of Blockchain Technologies in
Supply Chain Management: A Case Study of Sustainable Fishing. https://doi.org/10.1109/contesa57046.2022.10011252
Iermakova, O., Sedikova, I., & Dashian, A. (2022). Prospects of Implementation of Blockchain Technology Into Aquaculture
Sector of Ukraine. Economics Ecology Socium. https://doi.org/10.31520/2616-7107/2022.6.2-3
Iftekhar, A., Cui, X., & Yang, Y. (2021). Blockchain Technology for Trustworthy Operations in the Management of Strategic
Grain Reserves. Foods. https://doi.org/10.3390/foods10102323
Khanfar, A. A., Iranmanesh, M., Ghobakhloo, M., Senali, M. G., & Fathi, M. (2021). Applications of Blockchain Technology
in Sustainable Manufacturing and Supply Chain Management: A Systematic Review. Sustainability.
https://doi.org/10.3390/su13147870
Kosala, H., Francis, M., & Sirimewan, D. C. (2021). Applicability of Blockchain Technology to Manage Financial Issues in
the Sri Lankan Construction Industry. https://doi.org/10.31705/wcs.2021.8
Smith, K., & Dhillon, G. (2019). Assessing Blockchain Potential for Improving the Cybersecurity of Financial Transactions.
Managerial Finance. https://doi.org/10.1108/mf-06-2019-0314
Zhang, W. (2023). Blockchain-Based Solutions for Clinical Trial Data Management: A Systematic Review. Metaverse Basic
and Applied Research. https://doi.org/10.56294/mr202217
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
