Corporate Asset Management in the Digital Age: A Blockchain Perspective

The digital transformation has ushered in a new era of asset management, particularly with the advent of blockchain technology. This study explores the integration and implications of blockchain technology in corporate asset management. Through a comprehensive literature review, theoretical framework development, and case studies of two corporations, the research unveils the potential of blockchain in enhancing transparency, security, and efficiency in asset management processes. A comparative analysis between traditional asset management systems and blockchain-based systems reveals significant advancements in real-time asset tracking, reduced operational costs, and enhanced trust among stakeholders. However, challenges such as technological maturity, regulatory acceptance, and initial implementation costs are identified. The findings suggest that with a strategic approach, corporations can overcome these challenges and significantly benefit from blockchain-enabled asset management systems. This study contributes to the growing body of knowledge on blockchain technology’s application in corporate sectors and provides a foundation for future research in this realm. The implications of these findings are discussed, providing a roadmap for corporations aiming to transition to blockchain-based asset management systems.