作者：Zhang, Wenping; Wei, Chih-Ping; Jiang, Qiqi; Peng, Chih-Hung; Zhao, J. Leon
作者单位：Renmin University of China; National Taiwan University; Copenhagen Business School; National Chengchi University; The Chinese University of Hong Kong, Shenzhen
摘要：The insurance business is characterized by complicated transactional interrelationships among various stakeholders involved in insurance-related activities. Given this unique nature, the century-old challenge in the insurance industry is to effectively reduce transaction costs among the stakeholders while maintaining business privacy and trust. Although blockchain is a promising technology to mitigate this challenge, two technical issues, namely (1) inefficiency in data auditing and (2) diffic...
作者：Cho, Soohyun; Lee, Kyungha (Kari); Cheong, Arion; No, Won Gyun; Vasarhelyi, Miklos A.
作者单位：Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; California State University System; California State University Fullerton
摘要：Blockchain technology can benefit inter-organizational activities by improving data integrity, increasing transaction transparency, and decreasing transaction costs. In this paper, we discuss the strategic and economic value of this technology by applying it to the value-added tax (VAT) reporting system, focusing on blockchain's characteristic traceability. By effectively increasing financial transparency, the application of blockchain to the VAT system can prevent VAT-related fraud (e.g., und...
