Blockchain Adoption in Real Time Applications: Characteristics, Challenges and Prospects

Authors

  • Suhas Lawand, Prashant Nitnaware

Keywords:

blockchain, DEMATEL, barrier, cause and effect

Abstract

This paper investigates the different characteristics of blockchain which helps real time applications to overcome the challenges they are currently facing. A detailed study of adoption of blockchain in real time applications is performed. To achieve the aim of this study, the authors systematically reviewed the literature in order to provide answers to challenging queries regarding blockchain technology. We created a python function that looked through numerous databases to find blockchain adoption research work in different real time applications. We observed that healthcare, education, Internet of Things, finance, identity management, and government services are the major areas where blockchain is gaining a lot of attention. In addition to this, the impact of widely used blockchain features in  these areas are also identified. In this study we provide an approach to identify potential barriers in adoption of blockchain in real time applications using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) tool. The objective of this approach is to prioritize these barriers based on their degree of influence while simultaneously examining and illuminating the causal relationships between them.

Downloads

Download data is not yet available.

References

M. Javaid, A. Haleem, R. P. Singh, R. Suman, and S. Khan, “A review of blockchain technology applications for financial services,” BenchCouncil Transactions on Benchmarks, Standards and Evaluations, vol. 2, no. 3, p. 100073, 2022

J. Bao, D. He, M. Luo, and K.-K. R. Choo, “A survey of blockchain applications in the energy sector,” IEEE Systems Journal, vol. 15, no. 3, pp. 3370–3381, 2020.

Y. Tang and Y. Zhang, “Analysis of the application of blockchain in the military supply chain,” Advances in Economics and Management Research, vol. 1, no. 3, pp. 402–402, 2022

H. Alanzi and M. Alkhatib, “Towards improving privacy and security of identity management systems using blockchain technology: A systematic review,” Applied Sciences, vol. 12, no. 23, p. 12415, 2022

A. Alam, “Platform utilising blockchain technology for eLearning and online education for open sharing of academic proficiency and progress records,” in Smart Data Intelligence: Proceedings of ICSMDI 2022, pp. 307–320, Springer, 2022.

L. Wang, Y. He, and Z. Wu, “Design of a blockchain-enabled traceability system framework for food supply chains,” Foods, vol. 11, no. 5, p. 744, 2022

I. Yaqoob, K. Salah, R. Jayaraman, and Y. Al-Hammadi, “Blockchain for healthcare data management: opportunities, challenges, and future recommendations,” Neural Computing and Applications, pp. 1–16, 2022.

W. Guo and K. Yao, “Supply chain governance of agricultural products under big data platform based on blockchain technology,” Scientific Programming, vol. 2022, pp. 1–16, 2022.

A. S. Yadav, S. Agrawal, and D. S. Kushwaha, “Distributed ledger technology-based land transaction system with trusted nodes consensus mechanism,” Journal of King Saud University-Computer and Information Sciences, vol. 34, no. 8, pp. 6414–6424, 2022.

J. Sedlmeir, J. Lautenschlager, G. Fridgen, and N. Urbach, “The transparency challenge of blockchain in organizations,” Electronic Markets, vol. 32, no. 3, pp. 1779–1794, 2022.

[B. Pillai, K. Biswas, Z. H´ou, and V. Muthukkumarasamy, “Level of conceptual interoperability model for blockchain based systems,” in 2022 IEEE Crosschain Workshop (ICBC-CROSS), pp. 1–7, IEEE, 2022.

H. ALTAS¸, G. DALKILIC¸ , and U. C. Cabuk, “Data immutability and event management via blockchain in the internet of things,” Turkish Journal of Electrical Engineering and Computer Sciences, vol. 30, no. 2, pp. 451–468, 2022.

A. A. Amponsah, A. F. Adekoya, and B. A. Weyori, “Improving the financial security of national health insurance using cloud-based blockchain technology application,” International Journal of Information Management Data Insights, vol. 2, no. 1, p. 100081, 2022.

W. Chen, D. Botchie, A. Braganza, and H. Han, “A transaction cost perspective on blockchain governance in global value chains,” Strategic Change, vol. 31, no. 1, pp. 75–87, 2022.

Z. Liu, Q. Liu, D. Miao, L. Ren, and Y. Zhao, “A blockchain anonymity solution to prevent location homogeneity attacks,” Concurrency and Computation: Practice and Experience, vol. 34, no. 27, p. e7326, 2022.

P. K. Patro, R. Jayaraman, K. Salah, and I. Yaqoob, “Blockchain-based traceability for the fishery supply chain,” Ieee Access, vol. 10, pp. 81134– 81154, 2022.

A. P. Balcerzak, E. Nica, E. Rogalska, M. Poliak, T. Klieˇstik, and O.-M. Sabie, “Blockchain technology and smart contracts in decentralized governance systems,” Administrative Sciences, vol. 12, no. 3, p. 96, 2022.

M. R. Raza, A. Varol, and W. Hussain, “Blockchain-based iot: an overview,” in 2021 9th International Symposium on Digital Forensics and Security (ISDFS), pp. 1–6, IEEE, 2021..

P. H. Nyimbili, T. Erden, and E. M. Mwanaumo, “A dematel-based approach of multi-criteria evaluation for urban fire and emergency facilities,” Frontiers in Environmental Economics, vol. 2, p. 1198541, 2023.

H. Taherdoost, “A critical review of blockchain acceptance models—blockchain technology adoption frameworks and applications

Downloads

Published

26.06.2024

How to Cite

Suhas Lawand. (2024). Blockchain Adoption in Real Time Applications: Characteristics, Challenges and Prospects. International Journal of Intelligent Systems and Applications in Engineering, 12(4), 853–859. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/6308

Issue

Vol. 12 No. 4 (2024)

Section

Research Article

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

All papers should be submitted electronically. All submitted manuscripts must be original work that is not under submission at another journal or under consideration for publication in another form, such as a monograph or chapter of a book. Authors of submitted papers are obligated not to submit their paper for publication elsewhere until an editorial decision is rendered on their submission. Further, authors of accepted papers are prohibited from publishing the results in other publications that appear before the paper is published in the Journal unless they receive approval for doing so from the Editor-In-Chief.

IJISAE open access articles are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. This license lets the audience to give appropriate credit, provide a link to the license, and indicate if changes were made and if they remix, transform, or build upon the material, they must distribute contributions under the same license as the original.