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On Smart Contracts And Organisational Performance: A Review Of Smart Contracts Through The Blockchain Technology

Author

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  • ZAHEER ALLAM

    (Lord Ashcroft International Business School, Anglia Ruskin University, United Kingdom)

Abstract

As the Blockchain technology is gaining momentum in popular culture through Cryptocurrencies, its full implication and application to businesses, on a concrete and factual level, is still seen to be in its infancy stage. While the technology provides numerous advantages regarding stability, trust, speed and others, the robustness of the technology is not widely disseminated. This is further coupled by the common notion of resistance to change in business management processes. This paper explores the concept of Smart Contracts through the blockchain technology and its relevance to the business sector and further outlines the advantages and limitations of its applicability as of date.

Suggested Citation

  • Zaheer Allam, 2018. "On Smart Contracts And Organisational Performance: A Review Of Smart Contracts Through The Blockchain Technology," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 22, pages 137-156, December.
    • Handle: RePEc:aic:revebs:y:2018:j:22:allamz
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    References listed on IDEAS

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    1. Peters, Gareth W. & Panayi, Efstathios & Chapelley, Ariane, 2015. "Trends in cryptocurrencies and blockchain technologies: a monetary theory and regulation perspective," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 92-113.
    2. Pilkington Marc, 2016. "Blockchain Technology: Principles and Applications," Post-Print halshs-01231205, HAL.
    3. Jennifer J. Xu, 2016. "Are blockchains immune to all malicious attacks?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-9, December.
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    Cited by:

    1. Zoran Kunkera & Dragutin Lisjak & Nataša Tošanović & Ivan Sumić & Neven Hadžić & Robert Blažinović, 2025. "Blockchain Technology in the Process of Financing the Construction and Purchase of Commercial Vessels," JRFM, MDPI, vol. 18(4), pages 1-39, March.

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