Blockchain and Entrepreneurship

Managing Technological Innovation for Business Transformation

Authors

  • Syed Rizwan Ali Business Incubation Center, Bahria University, Karachi – Pakistan https://orcid.org/0000-0001-9976-0082
  • Sarath Krishna Mandava Information Technology, Logicgate Technologies Inc., United States of America https://orcid.org/0000-0001-5444-4043
  • Talha Bin Shuja Department of Business Administration, High Hope International LLC, United States of America https://orcid.org/0009-0003-8761-379X
  • Muhammad Faraz Department of Management Sciences, Bahria University, Karachi – Pakistan
  • Saba Gulzar (Ph.D) Department of Management and Human Resource Management, Institute of Business Management, Karachi – Pakistan https://orcid.org/0000-0003-0639-6475

DOI:

https://doi.org/10.48112/tibss.v2i4.894

Abstract

Abstract Views: 577

Blockchain technology is significantly influencing the evolution of ideas and the advancement of industries across all sectors. This paper investigates the intersection of blockchain technology and entrepreneurship, highlighting its function in promoting decentralized, secure, and transparent corporate structures. Fundamental characteristics such as decentralization, security, transparency, and immutability empower organizations to remove middlemen, enhancing efficiency and reliability in banking, supply chain management, and healthcare. Entrepreneurs are progressively utilizing blockchain to develop novel business models, enhance operations through smart contracts, and secure capital via token-based financing techniques such as ICOs and STOs. Nonetheless, despite its promise, blockchain adoption encounters obstacles including ambiguous rules, scalability concerns, and technical intricacies. This report clarifies the opportunities and limitations organizations face with blockchain, offering practical advice on overcoming these challenges. The findings enhance the existing comprehension of blockchain in business, emphasizing its significance as an essential instrument for innovation in the digital economy.

Keywords:

Advancement of industries, Blockchain and entrepreneurship, Business innovation, Technological innovation, Token-based financing

Author Biographies

Syed Rizwan Ali,

He is an Assistant Professor at the Business Incubation Center, Bahria University in Karachi – Pakistan. He obtained his Masters in CAAD from the University of the West of England (UWE) in Bristol – England.

Sarath Krishna Mandava,

He is serving at the Information Technology, Logicgate Technologies Inc. in the United States of America. He obtained his Masters in Computer Science from the University of Arkansas in Fayetteville AR – USA.

Talha Bin Shuja,

He is serving at the Department of Business Administration, High Hope International LLC in the United States of America. He obtained his Masters in Business Administration from SZABIST in Karachi – Pakistan.

Muhammad Faraz,

He is a Senior Assistant Professor at the Department of Management Sciences, Bahria University in Karachi – Pakistan. He obtained his M.Sc. in Industrial Psychology from the University of Karachi in Karachi – Pakistan.  

Saba Gulzar (Ph.D),

She is an Assistant Professor at the Department of Management and Human Resource Management, Institute of Business Management in Karachi – Pakistan. She obtained her Doctorate in Business Management from the Institute of Business Management in Karachi – Pakistan.

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International Journal of Trends and Innovations in Business & Social Sciences

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Published

2024-12-31

How to Cite

Ali, S. R., Mandava, S. K., Shuja, T. B., Faraz, M., & Gulzar, S. (2024). Blockchain and Entrepreneurship: Managing Technological Innovation for Business Transformation. International Journal of Trends and Innovations in Business & Social Sciences, 2(4), 468–487. https://doi.org/10.48112/tibss.v2i4.894

Issue

Vol. 2 No. 4 (2024)

Section

Articles

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Copyright (c) 2024 International Journal of Trends and Innovations in Business & Social Sciences

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