Akter_Makruma-Literature_review_533308.docx

1.       MAJOR REVISION IS REQUIRED

2.       USE TEMPLATE

3.       THIS IS NOT LITERATURE REVIEW BUT A SHOPPING LIST

4.       LOOKT AT EXAMPLE OF LITERATURE REVIEW

Introduction: Corporate governance refers to the set of processes, principles, and values that
guide the management and control of a company. It encompasses the relationship between a company's
management, board of directors, shareholders, and other stakeholders, as well as the company's
responsibilities towards its customers, employees, and the wider society. Blockchain is a
distributed ledger technology that allows for secure, transparent, and tamper-proof record-keeping
of transactions. It works by creating a network of computers that collectively maintain a shared
ledger of transactions. Each transaction is verified and recorded in a block, which is then added
to the chain of previous blocks, creating an immutable record of all the transactions. When it
comes to corporate governance, blockchain technology has the potential to increase transparency,
accountability, and efficiency. By providing a secure and tamper-proof ledger of all transactions,
blockchain can help prevent fraud, corruption, and other forms of malfeasance. It can also make it
easier for shareholders and other stakeholders to monitor a company's activities and hold its
management accountable. Furthermore, blockchain can automate many of the processes involved in
corporate governance, such as voting, proxy access, and shareholder engagement. This can make it
easier for shareholders to participate in the decision-making process and exercise their rights.
Overall, the use of blockchain technology in corporate governance has the potential to improve the
transparency, accountability, and efficiency of companies, and ultimately benefit all stakeholders
involved.

Literature Review:

1.Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind bitcoin is
changing money, business, and the world. Penguin. Tapscott and Tapscott argue that blockchain
technology can disrupt traditional business models and lead to more efficient and transparent
governance systems. They suggest that blockchain-based solutions can increase trust among
stakeholders, reduce the risk of fraud and corruption, and promote more decentralized
decision-making.

2. Swan, M. (2015). Blockchain: blueprint for a new economy. O'Reilly Media, Inc.

Swan provides an overview of the technical and economic aspects of blockchain technology, and
argues that it has the potential to transform many industries, including finance, healthcare, and
logistics. He notes that blockchain-based systems can enhance transparency, accountability, and
security, but also raises concerns about scalability and regulatory issues.

3. Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and
Cryptocurrency Technologies: A Comprehensive Introduction. Princeton University Press. The authors
of this book explore the technical and economic aspects of cryptocurrencies and blockchain
technology. They argue that blockchains can create new opportunities for innovation, but also raise
regulatory and security challenges. They also discuss the potential for blockchain-based systems to
enhance privacy, reduce transaction costs, and enable new forms of economic exchange.

4. Wright, A. (2015). Blockchain: the solution for transparency in product supply chains. Journal
of Fashion Marketing and Management: An International Journal, 19(4), 399-416. Wright discusses the
potential of blockchain technology to improve transparency in supply chain management, particularly
in the fashion industry. She argues that blockchain-based systems can increase accountability and
traceability, reduce the risk of counterfeiting and fraud, and promote ethical and sustainable
practices. However, she also notes that implementing blockchain-based solutions requires
significant investments in technology and infrastructure.

5. Böhme, R., Christin, N., Edelman, B., & Moore, T. (2015). Bitcoin: Economics, technology, and
governance. The Journal of Economic Perspectives, 29(2), 213-238. Argue that blockchain technology,
specifically as implemented by Bitcoin, has significant potential to disrupt existing financial
systems and change the way value is exchanged. Suggest that blockchain-based systems have the
potential to increase efficiency, reduce costs, and enhance security for financial transactions.

6. Swanson, T. (2015). Blockchain: Blueprint for a new economy. O'Reilly Media, Inc. Argue that
blockchain technology represents a major shift in the way digital assets are managed, providing a
more secure and decentralized approach. Suggest that blockchain has the potential to revolutionize
industries beyond finance, including healthcare, real estate, and supply chain management.

7. Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind bitcoin is
changing money, business, and the world. Penguin. Argue that blockchain technology represents a new
era of the internet, characterized by decentralization, transparency, and trust. Suggest that
blockchain has the potential to disrupt a wide range of industries, including finance, government,
and healthcare.

8. Crosby, M., Pattanayak, P., Verma, S., & Kalyanaraman, V. (2016). Blockchain technology: Beyond
bitcoin. Applied Innovation, 2(6-10), 71-81. Argue that blockchain technology represents a
significant shift away from centralized systems, towards a more distributed and decentralized
approach. Suggest that blockchain has the potential to enhance security, reduce fraud, and increase
transparency in a variety of applications beyond finance, including healthcare, supply chain
management, and government services.

9. Narayanan, A., & Pande, S. (2018). Blockchain in supply chain. CoDesign, 14(2), 99-107. The
authors argue that blockchain can be used to enhance supply chain transparency and reduce fraud by
enabling secure and immutable tracking of goods and transactions. They also note that blockchain
has the potential to streamline supply chain operations by reducing the need for intermediaries and
enabling more efficient coordination and collaboration among supply chain partners.

10. Ivanov, D., & Linnenluecke, M. K. (2018). Blockchain in supply chain and logistics: what to
expect? International Journal of Production Research, 56(1-2), 111-124. The authors argue that
blockchain has the potential to revolutionize supply chain management by enabling new forms of
collaboration and coordination, reducing transaction costs, and enhancing transparency and trust
among supply chain partners. However, they also note that there are significant challenges to
implementing blockchain in supply chain management, including issues of scalability,
interoperability, and regulatory compliance.

Conclusion: blockchain technology has the potential to revolutionize corporate governance by
providing a decentralized, secure, and transparent platform for managing various corporate
activities. With blockchain, corporate governance can become more efficient, cost-effective, and
less prone to fraud and corruption. One of the key benefits of blockchain technology is its ability
to create smart contracts, which can automate corporate governance processes and reduce the need
for intermediaries. This can result in significant cost savings and faster decision-making.
Additionally, blockchain can increase transparency by creating an immutable record of all
transactions and activities on the platform. This can help prevent fraud, increase accountability,
and improve stakeholder trust in the organization. Overall, the adoption of blockchain technology
in corporate governance is still in its early stages, but it has the potential to bring significant
benefits to organizations of all sizes. As the technology continues to evolve and mature, we can
expect to see more widespread adoption and innovative use cases emerge in the coming years.