Blockchain usage in management: Malaysian perspectives and applications

Blockchain technology is widely acknowledged as a factor in transforming management systems by providing transparent record-keeping that is resistant to tampering efforts. In the Malaysian context, there is support at the level for embracing blockchain solutions. This support extends from the prime minister's emphasis on nurturing local talent to the implementation of halal certification records. Thus, this paper explains how blockchain can be applied in a management context. It also gives global examples to evaluate how blockchain can enhance efficiency in various sectors, such as supply chain management, finance, human resources, healthcare, energy and logistics by streamlining processes involving multiple stakeholders.