Examining the role of blockchain technology against fraud in SMEs

Abstract

The study examined the use of blockchain technology for the prevention of fraud in small and medium enterprises. Fraud in businesses is a significant problem that stifles the growth of businesses. The methodology used is a review of relevant and extant literature, after which a conclusion was made. The transparency, security, and traceability of blockchain enhance its credibility as the most valuable technology to stem fraud in a business organization. The study contributed to knowledge by evaluating how blockchain can be adopted to stem the tide of fraud in businesses in Nigeria.