Investigating the potential applications of blockchain technology: a focus group discussion

  • Authors

    • Syamsul Hidayat Department of Management, Faculty of Economics and Business, Universitas Bina Bangsa, Serang, Banten, 42124, Indonesia
    • Ofan Sofian Department of Computer Science, Faculty of Computer Science, Universitas Bina Bangsa, Serang, Banten, 42124, Indonesia
    • Aghy Gilar Pratama Department of Information Systems, Faculty of Information Technology, Universitas Mathla`ul Anwar, Pandeglang, Bante‎‎, 42124, Indonesia
    • Jaka Wijaya Kusuma Department of Mathematics Education, Faculty of Educational Science, Universitas Bina Bangsa, Serang, Banten, 42124, Indonesia
    • Asep Rahmatullah Department of Industrial Engineering, Faculty of science and technology, Universitas Bina Bangsa, Serang, Banten, 42124, Indonesia
    • Ulinnuha Department of Indonesian language and literature, Faculty of Educational Science, Universitas Bina Bangsa, Serang, Banten, 42124, ‎Indonesia
    https://doi.org/10.14419/fp3t3e68

    Received date: April 12, 2025

    Accepted date: May 22, 2025

    Published date: May 31, 2025

  • Blockchain Technology; Business; Management; Tourism Industry; Traceability

  • Abstract

    This study explores the potential applications of blockchain technology in small and medium enterprises (SMEs) and the tourism industry ‎through a focus group discussion (FGD) methodology. Aimed at understanding participants' perceptions and experiences, the research ‎investigates the barriers to adoption and the benefits of blockchain solutions in enhancing operational efficiency and trust. The FGDs, consisting of 100 participants from various business and academic backgrounds, revealed that while many SMEs recognize the advantages of ‎blockchain, such as transparency, security, and automated compliance, there are significant challenges, including high costs and a lack of ‎technical expertise. The findings suggest that for successful implementation, SMEs will require skilled personnel and supportive infrastructure-‎ture. This paper contributes valuable insights into the readiness of SMEs for blockchain adoption and highlights opportunities for future ‎research in this emergent field‎.

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  • How to Cite

    Hidayat, S., Sofian , O. ., Pratama , A. G. ., Kusuma , J. W. ., Rahmatullah , A. ., & Ulinnuha. (2025). Investigating the potential applications of blockchain technology: a focus group discussion. International Journal of Accounting and Economics Studies, 12(1), 171-179. https://doi.org/10.14419/fp3t3e68