Reflection on the Scopus Review

Assistance on Research Review

Reflection:

A-Summarize what has been found in the literature about block chain in themes?

Summary of the reviewed Literature:

The research review analyzed the 220 Journal articles from different journals, forming their base on block chain technology or related to it in any means. 

The articles ranked between 1 till 4* in CABS ranking. The articles were than categorized as qualitative and quantitative and were reviewed for their features including the year they were conducted, the market sector they belong to, for the region they were conducted in, for the type of block chain they talk about and for the advantages or disadvantages of the block chain they mentioned. 

The review find out that most of the literature was related to operation and technology management particularly managing and implementing block chain. 

A number of articles was about Public Block Chain, while the ratio of literature for Private, consortium and Hybrid block Chain was significantly lower. 

The literature provides assistance to retailers, customers and managers to find the answers of questions related to block chain. 

For instance, some of the articles discusses what can be the suitable conditions for retailers to adopt block chain and how consumers can take benefit of using it? 

Some Parts of the literature indicates the factors that derives managers and consumers to use block chain and the benefits of using block chain for maintaining quality in food industry.

 A large part of the reviewed literature indicates the consumer perception about block chain, its impact on purchase intentions and how it plays role in enhancing product quality. 

The reviewed Articles were formed on the basis of empirical data to evaluate the effectiveness of using block chain in different fields including real estate, house building, agriculture, food quality tracing, policy making, supply chain management, manufacturing, procurement process, cloud manufacturing, medicine, tourism, fish and beef industries, operating in different regions around the world.

 Most of the articles focused on analyzing consumer behavioral response for Block chain technology such as their perceived usefulness, perceived ease of using it, perceived joyfulness, trust and other emotions along with the articles determining factors influencing their perception or decision making and the factors behind their adoption or restraining from block chain.

The results from the review can be summarized by saying that the Block Chain technology remains effective in improving quality of product or services and provides help in achieving business goals.

 It also assist managers in managing business operations, Information flow and logistics management. It benefits companies to improve their innovation capacity and helps in enhancing trust, transparency, and accountability in the E-commerce industry. 

Applying Block Chain can also improve security, speed and quality in supply chain. It can be used against counterfeits with its traceability and product tracking features. 

Block Chain also have the potential to improve information sharing networks and policy making process, and provides useful guidelines for the Development of future e-government services based on this technology.

 It also can improve cross-border transactions as it provides effective implications for the international e-commerce. 

It can increase the profit for online platforms and improves the profits of the supplier, the third-party logistics provider, and the buyer, besides these benefits, it also prevent fraudulent behavior in the process of returns and exchanges with Smart contracts. It is also found in the literature that adopting block chain benefits customers in terms of accuracy, reliability and usability and they can take benefit from its quick payment, and enhanced relationship with their seller. 

With its multi-attribute decision-support method; it helps consumers to choose a suitable payment program and allow users to transfer information, share; exchange and store data in digital form without any intermediary. 

Also its sufficient and verifiable information system, appropriate levels of usability, and unobstructed data access can increase customer loyalty.

 Though, the reviewed literature also indicates some of the disadvantages or risk scenarios related to Block Chain Technology including risks in managerial adoption, problems related to technical infrastructure, vulnerabilities related to changing regulations and business situations and the consumer’s hesitation in adapting with this emerging technology; its expensiveness, complicated modification and adjustment methods. 

All these factors along with lack of trust and user’s perceived privacy and confidentiality risks influence the promptness of its acceptance.

 It is also suggested in most of the articles that implementation of the block chain requires a regulatory framework and appropriate governance rule.