Distilling Blockchain: Complexity, Barriers, and Opportunities

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Author(s): Roslan Bakri bin Zakaria (Brunel University, London, UK), Muhammad Nizam Zainuddin (Multimedia University, Malaysia)and Abdul Hadi Mohamad (Universiti Kuala Lumpur, Malaysia)
Copyright: 2022
Pages: 26
Source title: Handbook of Research on Social Impacts of E-Payment and Blockchain Technology
Source Author(s)/Editor(s): P.C. Lai (University Malaya, Kuala Lumpur, Malaysia)
DOI: 10.4018/978-1-7998-9035-5.ch007

Keywords: Business & Management / Business Science Reference / E-Commerce

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Abstract

The purpose of this chapter is to demystify blockchain technology and present potential use cases to ignite the potential blockchain brings. This chapter brings together thought leaders from both academia and industry to ensure a more holistic perspective on blockchain, both pros and cons. Primarily riding on the potential of the smart contract, this chapter expounds on the potential innovation that can be derived from blockchain. Simultaneously, this chapter expands on potential ideas that would bring value to mankind. It discusses how blockchain can be used to do social good and to rebuild trust between citizens, government, and more importantly, politicians. This could be achieved by rebuilding thrust through transparency and efficiency. While it is not without any drawback, suggested areas of future research were also proposed at the end of this chapter. This chapter also proposed a possible digital framework to be considered.

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Distilling Blockchain: Complexity, Barriers, and Opportunities

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