Knowledge Management with Blockchain Technology in Business: A Theoretical Perspective

Author(s) : Ambuj Khare,Sanjeev K. Jain,Vivek Rathore
ISSN : 0974 - 9497
Year : February 2023 | Volume : 15 | Issue : 1/4

Abstract:
Knowledge management is an essential process for providing required information for effective decision-making. It involves storing, organizing, summarizing, analyzing and sharing of knowledge created. The process of managing knowledge has been digitalized with technological advancements over in the past few decades. Advancement of technology has resulted in increased adoption of knowledge management systems by the business organisations. In the recent times, Blockchain and distributed-ledger technology has given further boost to knowledge management. Several studies have been conducted to identify and develop ways in which Blockchain technology has been used to enhance the overall process of knowledge management for sustainable business options. Blockchain technology with its distinctive features of enhanced security, decentralization, immutability, and transparency can leverage knowledge management.
In this paper, we have attempted to provide a theoretical perspective wherein Blockchain technology has been used for augmentation of knowledge management process. The paper adopts the approach of reviewing the existing literature and synthesizing their findings to present an overall conceptual view of Blockchain and knowledge management. The findings of this paper are expanded to the domain of business management and electronic commerce. The current paper can be helpful in providing new insights on knowledge management process and how it can be improved.


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