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Examining the role of blockchain technology against fraud in SMEs

Author

Listed:
  • Amadin Victor Idehen

    (Department of Entrepreneurship, Faculty of Management Sciences, University of Benin, Edo State, Nigeria)

  • Ewere Mayor

    (Department of Entrepreneurship, Faculty of Management Sciences, University of Benin, Edo State, Nigeria)

Abstract

The study examined the use of blockchain technology for the prevention of fraud in small and medium enterprises. Fraud in businesses is a significant problem that stifles the growth of businesses. The methodology used is a review of relevant and extant literature, after which a conclusion was made. The transparency, security, and traceability of blockchain enhance its credibility as the most valuable technology to stem fraud in a business organization. The study contributed to knowledge by evaluating how blockchain can be adopted to stem the tide of fraud in businesses in Nigeria. Key Words:Small and Medium enterprises, Business, Blockchain, Technology, Fraud.

Suggested Citation

  • Amadin Victor Idehen & Ewere Mayor, 2021. "Examining the role of blockchain technology against fraud in SMEs," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(5), pages 245-252, July.
    • Handle: RePEc:rbs:ijbrss:v:10:y:2021:i:5:p:245-252
    DOI: 10.20525/ijrbs.v10i5.1311
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