Integrating Blockchain-Enhanced Enterprise Systems for U.S. Banking, Pharmaceutical Supply Chains, Economic Resilience, and Secure Operational Models

Authors

  • Arafat Hossain Khan Choain George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US Author
  • Chinmoy Majumder George Herbert Walker School of Business and Technology Degree: Master of Science in Cybersecurity – Threat Detection and Cybersecurity Operations Webster University, US Author
  • Md Abu Nasir Nasir George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US Author
  • Nasrin Sultana George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US Author

Keywords:

Blockchain Technology, Enterprise Systems, U.S. Banking, Pharmaceutical Supply Chain, Economic Resilience, Secure Operational Models, Adoption Barriers, Digital Transformation

Abstract

Background: Blockchain technology has emerged as a transformative force with the potential to revolutionize enterprise systems beyond its cryptocurrency origins. Critical U.S. sectors, including banking and pharmaceutical supply chains, face persistent challenges related to fraud, transparency, traceability, and cybersecurity, for which blockchain offers promising decentralized solutions. However, the adoption landscape remains fragmented, hindered by significant barriers and varying levels of awareness.

Objective: This study aims to investigate the integration of blockchain-enhanced enterprise systems within the U.S., focusing on assessing awareness levels, evaluating its perceived impact on banking and pharmaceutical supply chains, analyzing its contribution to economic resilience and secure operational models, and identifying key adoption challenges and future prospects.

Methods: A quantitative research design was employed, utilizing a structured questionnaire administered to 300 professionals from the banking, pharmaceutical supply chain, IT/technology, and government/regulatory sectors. The instrument demonstrated strong reliability, with Cronbach's Alpha scores ranging from 0.78 to 0.86. Data analysis included descriptive statistics, one-way ANOVA, and correlation analysis to examine sectoral differences and interrelationships between key constructs.

Results: Findings indicate a moderate to high level of optimism, with the "Future Prospects" construct scoring the highest (M=3.71). A significant variance in awareness was observed across sectors (F=3.42, p=0.018), with pharmaceutical and banking professionals reporting higher awareness than their government/regulatory counterparts. Correlation analysis revealed strong positive relationships between blockchain adoption, economic resilience (r=0.52, p<0.01), and future prospects (r=0.49, p<0.01). However, "Adoption Barriers" such as cost and regulatory uncertainty were confirmed as significant impediments.

Conclusion: The study concludes that while blockchain technology holds considerable promise for enhancing transparency, security, and resilience in U.S. enterprise systems, its full potential is currently constrained by sectoral awareness gaps and persistent implementation challenges. They can be reformed by strategic suggestions such as encouraging cross-sector cooperation, elaborating better regulatory frameworks, and encouraging pilot programs to narrow the gap in perceived potential and practical integration.

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Author Biographies

  • Arafat Hossain Khan Choain, George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US

    George Herbert Walker School of Business and Technology

    Master of Arts in Information Technology Management

    Webster University, US

    Email: arafat.hossain.khan@gmail.com

  • Chinmoy Majumder, George Herbert Walker School of Business and Technology Degree: Master of Science in Cybersecurity – Threat Detection and Cybersecurity Operations Webster University, US

    George Herbert Walker School of Business and Technology

    Degree: Master of Science in Cybersecurity – Threat Detection and Cybersecurity Operations

    Webster University, US

    Email: chinmoymajumder2013@gmail.com

  • Md Abu Nasir Nasir, George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US

    George Herbert Walker School of Business and Technology

    Master of Arts in Information Technology Management

    Webster University, US

    Email: irfannasir000@gmail.com

  • Nasrin Sultana, George Herbert Walker School of Business and Technology Master of Arts in Information Technology Management Webster University, US

    George Herbert Walker School of Business and Technology

    Master of Arts in Information Technology Management

    Webster University, US

    Email: nsultaana94@gmail.com

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Published

31-12-2023

How to Cite

Integrating Blockchain-Enhanced Enterprise Systems for U.S. Banking, Pharmaceutical Supply Chains, Economic Resilience, and Secure Operational Models. (2023). Journal of Engineering and Computational Intelligence Review, 1(1), 51-63. https://jecir.com/index.php/jecir/article/view/30

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