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Integrating Blockchain in Various Organizational Models Pave the Path to Sustainable Development Goals
Krasnokutska N. S., Koray Adiguzel

Krasnokutska, Nataliia S., and Koray, Adiguzel. (2023) “Integrating Blockchain in Various Organizational Models Pave the Path to Sustainable Development Goals.” Business Inform 9:301–311.
https://doi.org/10.32983/2222-4459-2023-9-301-311

Section: Management and Marketing

Article is written in English
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UDC 336.74

Abstract:
Blockchain is considered one of the most significant technological advances integrated into the Business Process Management (BPM) systems of various organizations over the past decade. The introduction of blockchain technologies is changing the way traditional supply chains are managed. In this sense, blockchain technologies have the potential to revolutionize complex supply chains in stability, traceability, and accountability. Since Blockchain technology has fostered the development of trust between many different parties, not just leaders and followers, it is assumed that Blockchain will give its adapters revolutionary characteristics. Upon a systematic bibliometric review that determined the impact of introducing Blockchain technology into the BPM, on the basis of previous research and scientific papers published in academic journals, it was found that most of the studies highlight the significance of Blockchain and its impact on the supply chain and financial sectors. However, this article aims to identify new characteristics of Blockchain’s impact on the BPM in various other sectors, especially in the telecommunications, non-governmental organizations, industrial, and banking sectors. The statistical analysis of the collected data examines the intermediate variables of the introduction of Blockchain technology (trust, immutability, transparency, and cost reduction) and its impact on increasing sustainability (economic, ecological, and social resilience) as a dependent variable. As a result of the study, the authors concluded that Blockchain has the potential to enhance the revolutionary characteristics of trust, immutability, cost reduction, and reliability in a business process model, accelerating the path to achieving sustainable development.

Keywords: blockchain, sustainability, characteristics, business process model, sustainable development.

Fig.: 2. Tabl.: 1. Bibl.: 34.

Krasnokutska Nataliia S. – Doctor of Sciences (Economics), Professor, Research Associate, Faculty of Economics and Business Administration, Comillas Pontifical University (23 de Alberto Aguilera Str., Madrid, 28015, Spain)
Email: [email protected]
Koray Adiguzel – Postgraduate Student, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

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