New PIJM now accepts submissions exclusively via the Editorial Scholar portal — a dedicated submission & review system.
Go to Editorial Scholar →
Associated Management Consultants Pvt. Ltd. | COPE Member
Scopus Q2 UGC-CARE |
Prabandhan: Indian Journal of Management logo

Prabandhan: Indian Journal of Management

ISSN: 0975-2854 Frequency: Monthly Peer Review: Double-blind Published since: 2008 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q2 UGC-CARE Group II Google Scholar J-Gate NISCAIR Crossref Cabell's Journalytics

Blockchain in the Lens of Populism : A Short Communication of Research Evidence

Open Access Original Article

Blockchain in the Lens of Populism : A Short Communication of Research Evidence

Aarti Mehta Sharma1,  Madhvi Sethi2,  A. Vidyasagar3,  Sabari Shankar Ravichandran4

1 Director and Associate Professor , Symbiosis Centre for Management Studies, Bengaluru Campus, Symbiosis International (Deemed University), Pune, Electronic City, Hosur Road, Bengaluru - 560 100, Karnataka

2 Director and Professor, Symbiosis Institute of Business Management, Bengaluru Campus, Symbiosis International (Deemed University), Pune, Electronic City, Hosur Road, Bengaluru - 560 100, Karnataka

3 Deputy Director and Professor of Practice, Symbiosis Institute of Business Management, Bengaluru Campus, Symbiosis International (Deemed University), Pune, Electronic City, Hosur Road, Bengaluru - 560 100, Karnataka

4 Assistant Professor, Symbiosis Institute of Business Management, Bengaluru Campus, Symbiosis International (Deemed University), Pune, Electronic City, Hosur Road, Bengaluru - 560 100, Karnataka

Volume 17
Issue 2
Pages 62–73
Year 2024
Received: Aug. 24, 2023 Accepted: Feb. 10, 2024 Published: Feb. 1, 2024
Abstract

Purpose : Blockchains are a sophisticated and extensively utilized technology that facilitates bulk data management operations and increases productivity for many companies, including governments. However, because of the high prices and complexity, not all large firms could take advantage of this disruptive weapon, which leads to populist ideas. The purpose of this brief message was to examine the new, popular ideas in blockchain technology that improve the global productive efficiencies of businesses.

Methodology : The two-stage method that produced the insights in this communication was followed by a sentiment analysis, network map, theme map, and latent Dirichlet allocation.

Findings : Blockchain technology has been widely adopted by the majority of the major services businesses. The industries that are currently scaling up, however, lack the viability to use this technology. The results also showed that neither academic research nor the corporate framework had examined the new populism situation.

Practical Implications : The productive efficiency of industries would be improved if governments and policymakers used populistic settings in blockchain technology. Additionally, eliminating the cost-based inequalities would inspire populist ideas throughout all industries, generating combined revenues.

Originality/Value : This brief message implied negative opinions about blockchain technology and was taken from a significant study on the impact of this technology on business success. This message is meant to benefit not only corporations but also governments and policymakers in facilitating regular access to technology for expanding industries that could strengthen economies.

Keywords Blockchain Populism Technology Medium and Small-Scale Organizations Data Efficiency Profit Maximization
How to Cite

Aarti Mehta Sharma, Madhvi Sethi, A. Vidyasagar, Sabari Shankar Ravichandran (2024). Blockchain in the Lens of Populism : A Short Communication of Research Evidence. Prabandhan: Indian Journal of Management, 17(2), 62–73. https://doi.org/10.17010/pijom/2024/v17i2/173329

References
  1. Ali, M. A., & Bhaya, W. S. (2020, December). Blockchain technology's applications and challenges: An overview. In AIP Conference Proceedings (Vol. 2290, No. 1, p. 040019). AIP Publishing LLC. https://doi.org/10.1063/5.0027424
  2. Baharmand, H., Maghsoudi, A., & Coppi, G. (2021). Exploring the application of blockchain to humanitarian supply chains: Insights from Humanitarian Supply Blockchain pilot project. International Journal of Operations & Production Management, 41(9), 1522–1543. https://doi.org/10.1108/IJOPM-12-2020-0884
  3. Chen, L., Fu, Q., Mu, Y., Zeng, L., Rezaeibagha, F., & Hwang, M.-S. (2022). Blockchain-based random auditor committee for integrity verification. Future Generation Computer Systems, 131, 183–193. https://doi.org/10.1016/j.future.2022.01.019
  4. Fusco, A., Dicuonzo, G., Dell'Atti, V., & Tatullo, M. (2020). Blockchain in healthcare: Insights on COVID-19. International Journal of Environmental Research and Public Health, 17(19), 7167. https://doi.org/10.3390/ijerph17197167
  5. Javaid, M., Haleem, A., Singh, R. P., Khan, S., & Suman, R. (2021). Blockchain technology applications for Industry 4.0: A literature-based review. Blockchain: Research and Applications, 2(4), 100027. https://doi.org/10.1016/j.bcra.2021.100027
  6. Kim, B., & Yoon, Y. (2018). Journalism model based on blockchain with sharing space. Symmetry, 11(1), 19. https://doi.org/10.3390/sym11010019
  7. Kumar, P., Kaur, H., & Singh, G. (2023). MSMEs in emerging markets: An exploration of the stage model of e-commerce adoption. Prabandhan: Indian Journal of Management, 16(8), 8–23. https://doi.org/10.17010/pijom/2023/v16i8/173062
  8. Luu, L., Narayanan, V., Zheng, C., Baweja, K., Gilbert, S., & Saxena, P. (2016, October). A secure sharding protocol for open blockchains. In Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security (pp. 17–30). ACM. https://doi.org/10.1145/2976749.2978389
  9. Manski, S. (2017). Building the blockchain world: Technological commonwealth or just more of the same? Strategic Change, 26(5), 511–522. https://doi.org/10.1002/jsc.2151
  10. Mishra, R., Sharma, M. P., Seth, K., & Singh, V. (2023). A study on consumers' travel purchase intention through travel apps. Prabandhan: Indian Journal of Management, 16(7), 25–42. https://doi.org/10.17010/pijom/2023/v16i7/172926
  11. Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. https://bitcoin.org/bitcoin.pdf
  12. Pournaras, E. (2020). Proof of witness presence: Blockchain consensus for augmented democracy in smart cities. Journal of Parallel and Distributed Computing, 145, 160–175. https://doi.org/10.1016/j.jpdc.2020.06.015
  13. Priya, J., & Palanisamy, C. (2023). Novel block chain technique for data privacy and access anonymity in smart healthcare. Intelligent Automation & Soft Computing, 35(1), 243–259. https://doi.org/10.32604/iasc.2023.025719
  14. Ravichandran, S. S., Koshy, E. R., & Mathew, S. K. (2023). Sustainability integration in wine destination branding: A comprehensive review perspective fostering UN Sustainable Development Goals 2030. Prabandhan: Indian Journal of Management, 16(12), 40–50. https://doi.org/10.17010/pijom/2023/v16i12/173247
  15. Sardana, V., Mohapatra, A. K., Singhania, S., & Chakrabarti, D. (2024). Changing dynamics of banking landscape: What do we know and what lies ahead? Prabandhan: Indian Journal of Management, 17(1), 8–23. https://doi.org/10.17010/pijom/2024/v17i1/173288
  16. Singh, S. P., Sajnani, M., & Arora, G. K. (2023). Tourism industry and circular economy: Deep interlinkages. Prabandhan: Indian Journal of Management, 16(5), 8–17. https://doi.org/10.17010/pijom/2023/v16i5/172822
  17. Sotoudehnia, M. (2021). 'Making blockchain real': Regulatory discourses of blockchains as a smart, civic service. Regional Studies, 55(12), 1857–1867. https://doi.org/10.1080/00343404.2021.1882671
  18. Wright, A., & De Filippi, P. (2015). Decentralized blockchain technology and the rise of lex cryptographia. Available at SSRN 2580664. https://dx.doi.org/10.2139/ssrn.2580664
  19. Xu, R., & Guan, E. (2023). Can blockchain innovation promote total factor productivity? Evidence from Chinese-listed firms. Applied Economics, 55(6), 653–670. https://doi.org/10.1080/00036846.2022.2093830
  20. Xu, X., & He, Y. (2022). Blockchain application in modern logistics information sharing: A review and case study analysis. Production Planning & Control, 1–15. https://doi.org/10.1080/09537287.2022.2058997
Editorial Scholar

Submit your Research to PIJM

Submit your Manuscript → Author Guidelines