Challenges of Adopting Blockchain Technology in Improving SME Performance
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...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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cita konsultindo
2023-12-01
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| Series: | Asian Journal of Management, Entrepreneurship and Social Science |
| Subjects: | |
| Online Access: | https://ajmesc.com/index.php/ajmesc/article/view/611 |
| _version_ | 1797385289779380224 |
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| author | Nur Diana Maslichah Maslichah Dewi Diah F Agus Hermawan Pujihandayati Pujihandayati |
| author_facet | Nur Diana Maslichah Maslichah Dewi Diah F Agus Hermawan Pujihandayati Pujihandayati |
| author_sort | Nur Diana |
| collection | DOAJ |
| description |
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.
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| first_indexed | 2024-03-08T21:52:01Z |
| format | Article |
| id | doaj.art-7e746e9e83444825b88e528ee1e834ef |
| institution | Directory Open Access Journal |
| issn | 2808-7399 |
| language | English |
| last_indexed | 2024-03-08T21:52:01Z |
| publishDate | 2023-12-01 |
| publisher | cita konsultindo |
| record_format | Article |
| series | Asian Journal of Management, Entrepreneurship and Social Science |
| spelling | doaj.art-7e746e9e83444825b88e528ee1e834ef2023-12-20T06:18:53Zengcita konsultindoAsian Journal of Management, Entrepreneurship and Social Science2808-73992023-12-01401Challenges of Adopting Blockchain Technology in Improving SME PerformanceNur Diana0Maslichah Maslichah1Dewi Diah F2 Agus Hermawan3Pujihandayati Pujihandayati4Student of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, IndonesiaStudent of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, IndonesiaStudent of the Doctoral Program in Management Science, Faculty of Economics and Business, Universitas Negeri Malang and Lecture of Universitas Islam Malang, IndonesiaFaculty of Economics and Business, Universitas Negeri Malang, IndonesiaFaculty of Economics and Business, Universitas Negeri Malang, Indonesia 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. https://ajmesc.com/index.php/ajmesc/article/view/611Blockchain, SME, Internationalization Of SME, SME’s Performance |
| spellingShingle | Nur Diana Maslichah Maslichah Dewi Diah F Agus Hermawan Pujihandayati Pujihandayati Challenges of Adopting Blockchain Technology in Improving SME Performance Asian Journal of Management, Entrepreneurship and Social Science Blockchain, SME, Internationalization Of SME, SME’s Performance |
| title | Challenges of Adopting Blockchain Technology in Improving SME Performance |
| title_full | Challenges of Adopting Blockchain Technology in Improving SME Performance |
| title_fullStr | Challenges of Adopting Blockchain Technology in Improving SME Performance |
| title_full_unstemmed | Challenges of Adopting Blockchain Technology in Improving SME Performance |
| title_short | Challenges of Adopting Blockchain Technology in Improving SME Performance |
| title_sort | challenges of adopting blockchain technology in improving sme performance |
| topic | Blockchain, SME, Internationalization Of SME, SME’s Performance |
| url | https://ajmesc.com/index.php/ajmesc/article/view/611 |
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