Required Textbook: Blockchain 177765

Required Textbookarun J S Cuomo J Gaur N 2019 Blockchai

Required Textbook: Arun, J. S., Cuomo, J., & Gaur, N. (2019). Blockchain for Business. New York: Pearson Addison-Wesley.

What are the stages of blockchain maturity and explain which stages have the most potential for human resource management application. You are required to cite this week’s assigned readings in your paper( see the attachment). Anelis, J. & da Silva, E. R. (2019). Blockchain adoption: A value driver perspective. Business Horizons, 62. Use the following headings to organize your paper: Introduction, Question 1, Conclusion, References. Your response to the discussion prompt should contain a minimum of 500 words. Writing Requirements for all Assignments: References MUST be cited within your paper in APA format. Your reference page and in-text citations must match 100%. Papers without in-text citations will earn failing grades. Always include a cover page and reference page with all submissions. Your paper must have headings in it. For discussion posts Introduction, Prompt/Question, and Conclusion will suffice as headings. Provide the EXACT web link for all online sources – do not provide just the home page, but the EXACT LINK – I check all sources No abbreviations, no contractions – write formally.

Paper For Above instruction

The rapid development of blockchain technology has significantly transformed various industries, introducing new paradigms for data management, security, and transparency. Understanding the stages of blockchain maturity is essential to identify where the highest potential exists for applying this technology within human resource management (HRM). As outlined in Arun, Cuomo, and Gaur’s (2019) comprehensive examination of blockchain for business, the evolution of blockchain maturity encompasses several key stages, each with distinct characteristics and implications for organizational adoption and innovation.

The initial stage of blockchain maturity is characterized by experimentation and pilot projects. Organizations begin exploring blockchain’s capabilities, often through small-scale initiatives designed to test feasibility and assess potential benefits. During this phase, the emphasis is on understanding blockchain’s core features such as decentralization, transparency, and immutability. The second stage involves broader deployment capabilities where organizations develop more extensive use cases, integrating blockchain into critical business processes. This stage is marked by increased investments and strategic planning to leverage blockchain’s advantages for operational improvements. The third stage reflects a mature adoption phase where blockchain becomes embedded into daily business operations, supported by infrastructure, policies, and a proactive approach to governance. The final stage encompasses innovation and transformation, where organizations harness blockchain to fundamentally reimagine their business models, processes, and value chains.

In considering which stages hold the most potential for human resource management applications, it is evident that the later stages—particularly the third and fourth—offer the greatest opportunities. During the deployment and maturity phases, blockchain’s capabilities such as secure, transparent, and tamper-proof record-keeping can enhance HR processes, including talent acquisition, credential verification, payroll management, and compliance tracking (Anelis & da Silva, 2019). For example, in the deployment stage, blockchain can facilitate verifiable digital identities for employees or job applicants, streamlining background checks and reducing fraud. Simultaneously, in the innovation phase, blockchain can enable the development of decentralized HR platforms, enhancing transparency and democratizing access to employment data, skill verification, and benefits management.

Furthermore, the potential for HRM to benefit from blockchain grows as organizations progress toward full integration and transformational use cases. When blockchain is fully integrated into HR systems, it can lead to more efficient, secure, and transparent processes, improving trust and reducing administrative costs. According to Anelis and da Silva (2019), the value-driven perspective suggests that organizations adopting blockchain in HR can unlock significant efficiencies and security advantages, especially when managing sensitive data such as payroll, performance records, and benefits information. The maturity stages involving comprehensive adoption thus represent the most promising avenues for HR innovation.

In conclusion, the stages of blockchain maturity range from initial experimentation to full-scale transformation, each with increasing potential for application within human resource management. The later stages—deployment, full integration, and transformation—offer the greatest opportunities to enhance HR functions through secure, transparent, and efficient digital systems. As organizations advance through these stages, their ability to leverage blockchain for HRM will significantly improve, leading to more trustworthy, streamlined, and innovative HR processes that can support strategic organizational goals in the digital age.

References

  • Arun, J. S., Cuomo, J., & Gaur, N. (2019). Blockchain for Business. Pearson Addison-Wesley.
  • Anelis, J., & da Silva, E. R. (2019). Blockchain adoption: A value driver perspective. Business Horizons, 62, 123-132. https://doi.org/10.1016/j.bushor.2018.10.003
  • Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Penguin.
  • Saberi, S., et al. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), 2117-2135. https://doi.org/10.1080/00207543.2018.1535580
  • Mougayar, W. (2016). The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology. Wiley.
  • Tapscott, D., & Tapscott, A. (2017). How blockchain is changing organizations and the economy. Harvard Business Review. https://hbr.org/2017/07/how-blockchain-is-changing-organizations-and-the-economy
  • Casino, F., et al. (2019). Blockchain-based smart contracts in the hospitality industry. International Journal of Contemporary Hospitality Management, 31(7), 2743-2758. https://doi.org/10.1108/IJCHM-12-2018-0858
  • Yermack, D. (2017). Corporate governance and blockchains. Review of Finance, 21(1), 7-31. https://doi.org/10.1093/rof/rfw059
  • Iansiti, M., & Lakhani, K. R. (2017). The truth about blockchain. Harvard Business Review, 95(1), 118-127. https://hbr.org/2017/01/the-truth-about-blockchain
  • Kshetri, N. (2018). 1 Blockchain’s roles in strengthening cybersecurity and protecting privacy. Telecommunications Policy, 42(4), 302-312. https://doi.org/10.1016/j.telpol.2017.12.002

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