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Growing Science » International Journal of Data and Network Science » Blockchain technology in corporate governance and future potential solution for agency problems in Indonesia

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International Journal of Data and Network Science

ISSN 2561-8156 (Online) - ISSN 2561-8148 (Print)
Quarterly Publication
Volume 6 Issue 3 pp. 721-726 , 2022

Blockchain technology in corporate governance and future potential solution for agency problems in Indonesia Pages 721-726 Right click to download the paper Download PDF

Authors: Mochammad Fahlevi, Vional Vional, Rahandika Mita Pramesti

DOI: 10.5267/j.ijdns.2022.3.010

Keywords: Blockchain, Technology, Corporate Governance, Fraud, Indonesia

Abstract: The aim of this study is to determine stakeholder acceptance of the blockchain and to investigate a suitable model using a Technology Acceptance Model with specific reference to corporate governance through cryptography in solving decades of financial record-keeping problems. Stakeholders in corporate governance, namely customers, creditors, suppliers, communities, employees, owners, investors, trade unions and social activists, can benefit in different ways. Investors can benefit from buying equity at a lower price and selling it on a market with greater liquidity, but they will find it difficult to disguise their trades. This study argues that almost all aspects of corporate governance can be improved through the application of this technology, which results in greater transparency, increases liquidity, and lowers costs. Corporate governance will also be better because blockchain technology uses the concept of a distributed ledger which allows data to be distributed at every connected point in an efficient and accountable manner, so that all parties in the blockchain can exchange data in real time.


How to cite this paper
Fahlevi, M., Vional, V & Pramesti, R. (2022). Blockchain technology in corporate governance and future potential solution for agency problems in Indonesia.International Journal of Data and Network Science, 6(3), 721-726.

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Journal: International Journal of Data and Network Science | Year: 2022 | Volume: 6 | Issue: 3 | Views: 1582 | Reviews: 0

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