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The Effect of Blockchain Innovation on Increasing Business Productivity

In: Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)

Author

Listed:
  • Ran Li

    (Yunnan University of Finance and Economics, School of Logistics and Management Engineering)

Abstract

With the development of the economy and technology, blockchain is widely used in the business field. Blockchain can enable transparent, efficient, and secure information exchange within and between enterprises, which enables blockchain technology to have a significant impact on global businesses. Blockchain, through its decentralization, tamper proof information, and openness, further unleashes its development potential and improves enterprise efficiency. Due to the shortcomings of traditional technology in centralized data, it is impossible to achieve long-term efficient development of enterprises. The significance of the blockchain system in strengthening corporate operational efficiency is thoroughly examined in this essay and thoroughly examines how blockchain affects financial trade, identity verification, and value chain oversight. The application of blockchain can improve supply chain efficiency, enhance identity authentication, and achieve efficient trade. Therefore, enterprises are adopting emerging technologies such as blockchain to improve data transparency and integrity, thereby promoting digital development. This will drive company operations and management, enabling enterprises to achieve high-quality development.

Suggested Citation

  • Ran Li, 2025. "The Effect of Blockchain Innovation on Increasing Business Productivity," Advances in Economics, Business and Management Research, in: Barbara Siuta-Tokarska & Adriana Grigorescu & Md. Mamun Habib & Yifeng Zhu (ed.), Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025), pages 234-240, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-835-6_25
    DOI: 10.2991/978-94-6463-835-6_25
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