Keywords : block chain
APPLICATION OF NON FUNGIBLE TOKENS (NFT’s) IN INDIAN BUSINESSES
Journal of Contemporary Issues in Business and Government,
2023, Volume 29, Issue 2, Pages 116-127
DOI:
10.47750/cibg.2023.29.02.011
A thorough evaluation of the financial markets as well as the business sector is essential as block chain technology and Non Fungible Tokens (NFTs) continue to develop in the digital global environment. The goal of this research is to determine whether or whether the market is ready, willing, and able to make use of digital tokens of this type. Overall, this research is aimed at evaluating the preparedness of Indian organizations for receptivity and implementation in daily operations, recruiting, and financial resources. Experimentation in NFT commercialization is a goal of this project. An expert panel of five validates a well-structured questionnaire used in the study. In addition to demographic data and Likert scale questions, the survey contained demographic information and Likert scale questions. This research collects both primary and secondary data for its findings. After conducting a pilot research and meeting with consultants, a standard questionnaire is used prepared and used to collect the primary data. Secondary data is sourced from other fields of study, such as journals, websites, books, and magazines. The Cochran formula for an unknown population selects a random sample of 100 persons with a 10% margin of error and a 95% confidence level because there are no standard data on the number of investors. Out of 93 answers, 72 were selected for the study after the outliers were removed. Professionals in the workforce, employees of large corporations, investors, both professional and private, and members of the company's upper management were all included in the study. Many influential company leaders and managers who implement new strategies, policies, and practises are among those who have agreed to participate in the study. For descriptive statistics - SPSS was used, and for SEM – AMOS was used. Many more people are aware with block chain and cryptocurrencies than of NFT technology, which is surprising. Blockchain-based technology platforms like cryptocurrencies and non-fungible tokens are premature due to their novelty and lack of effective implementations. An uncontrolled experimentation, which will probably take years to mature and trickle down into commercial applications, where it will have deep and far-reaching ramifications for society
Trends in Accounting Information System: Opportunities and Challenges in MSMEs
Journal of Contemporary Issues in Business and Government,
2022, Volume 28, Issue 3, Pages 658-668
DOI:
10.47750/cibg.2022.28.03.051
Accounting Information System which integrates the data of all the departments of the company
helps decision-makers to take accurate, timely decisions based on the data it collects and stores.
Today in this digital era where the majority of the business transactions are happening through
digital mode AIS has gained its importance. AIS has immensely contributed to collecting,
storing, retrieving, and processing data of the company during pandemics at times where digital
means we're the only path to continue the business. In recent times AIS is becoming one of the
tools in improving business efficiency due to its features like quick reporting, integrating data,
low cost. In the past 2 decades, AIS has witnessed tremendous technological change. Today
digital accounting solutions are experiencing new trends coming up like cloud accounting,
artificial intelligence, data analysis, mobile accounting. All businesses are it large or small or
micro has to adopt digital accounting solutions to get accurate financial data, faster decision
making, easy compliance with the law, good cash flow, business transactions without any
obstruction. The review of research done reveals that the contribution towards Indian GDP by
MSMEs is increasing year by year. MSMEs in India is contributing around 48% of the country's
exports and will be reaching 60% soon. Though due to pandemics some of the MSMEs were
forced to shut down yet they are recovering at a faster pace. Today converting into the digital
world has become a necessity for the MSMEs not only to recover but to sustain in the business.
This research paper focuses on the recent trends in AIS, opportunities, and challenges faced by
MSMEs in adopting digital solutions. MSMEs will be always in a dilemma and find challenging
in choosing the traditional accounting method, conventional accounting software, and modern
accounting software with the new trends. The research shows that despite having advantages in
the adoption of upcoming changes in the field of accounting MSMEs still lag in adopting by
facing challenges as to the fulfillment of their day to day requirements
The Future of Concluding Governmental Contracts in Light ofthe Smart Contracts “An Applied Analytical Study in Light of the Block Chain Technology and Digital Currencies”
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 2, Pages 4732-4756
DOI:
10.47750/cibg.2021.27.02.496
The current study is summarized in showing the future of governmental contracts in light of the
novelties of the technical and technological revolution, where the smart applications became of
its most important. We dealt with this study through two requirements; the first requirement dealt
with the essence of smart governmental contracts through four branches. In the first branch we
dealt with the concept of smart governmental contracts, in the second branch we talked about the
types of smart governmental contracts , in the third branch we displayed the characteristics of
smart governmental contracts and finally in the fourth branch we dealt with the legal nature of
smart governmental contracts . The second requirement was allocated to talk about the
possibility of concluding governmental contracts through smart contracts as a future vision by
dividing it into three branches; the first branch was allocated to highlight the essence of smart
mediator of agent, the second branch was allocated to set a perspective of the smart
governmental tender leading to smart governmental bidding in the third branch, and finally the
conclusion which included the main result the study found and the most important
recommendations
The Future of Concluding Governmental Contracts in Light of the Smart Contracts “An Applied Analytical Study in Light of the Block Chain Technology and Digital Currencies”
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 1, Pages 3333-3366
The current study is summarized in showing the future of governmental contracts in light of the novelties of the technical and technological revolution, where the smart applications became of its most important. We dealt with this study through two requirements; the first requirement dealt with the essence of smart governmental contracts through four branches. In the first branch we dealt with the concept of smart governmental contracts, in the second branch we talked about the types of smart governmental contracts , in the third branch we displayed the characteristics of smart governmental contracts and finally in the fourth branch we dealt with the legal nature of smart governmental contracts . The second requirement was allocated to talk about the possibility of concluding governmental contracts through smart contracts as a future vision by dividing it into three branches; the first branch was allocated to highlight the essence of smart mediator of agent, the second branch was allocated to set a perspective of the smart governmental tender leading to smart governmental bidding in the third branch, and finally the conclusion which included the main result the study found and the most important recommendations.