Research on the Impact and Solution Strategies of Blockchain Technology on Data Security and Transparency in Enterprise Digital Transformation
Year: 2024
Type: article
Abstract: This research delves into the profound impact of blockchain technology on enhancing data security and transparency during enterprises’ digital transformation. By dissecting blockchain’s core attributes—decentralization, immutability, and advanced security—this study elucidates how it offers pragmatic solutions to prevalent challenges such as data breaches and opaque information processing. Leveraging an extensive literature review, meticulous case analysis, and expert insights, the article comprehensively illustrates blockchain’s diverse applications in ensuring data integrity and enhancing transparency across critical sectors, including financial services, supply chain management, and healthcare. Furthermore, the study identifies and deliberates on existing research gaps in blockchain technology’s application within digital transformation, proposing a systematic framework to deepen comprehension of its role in this process. Moreover, it conducts an in-depth analysis of the technical, operational, and environmental hurdles hindering blockchain adoption, offering a series of action strategies to enable enterprises to harness their potential effectively amidst the swiftly evolving digital landscape. Through this comprehensive inquiry, the article underscores the strategic significance of blockchain technology in augmenting corporate operational transparency and data security. Additionally, it elucidates how blockchain can bolster corporate governance, compliance, and stakeholder trust. Overall, this synthesis provides a thorough review and profound insights into research findings, underscoring blockchain’s pivotal role in addressing contemporary digital challenges while furnishing invaluable strategic guidance for industry innovation and advancement. The research outcomes hold substantial implications for practitioners and researchers, signaling the transformative potential of blockchain technology in reshaping enterprise operations and charting a course for future exploration in this pivotal domain.
Author: Lifan Wang
Institution: University of Bristol
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4403846316