Blockchain and digital disruption
As we stand on the verge of the Fourth Industrial Revolution, the ways in which information is stored, accessed, and used are changing. In response, our researchers are engaging in collaborative research projects to explore how businesses can adapt and respond to these changes. Our research on digital disruption in business covers a number of complex technological fields including fintech, cryptocurrency, blockchain, artificial intelligence (AI) and machine learning.
We host a Blockchain Research and Development Lab. Funded by Natsoft, this research lab engages in industry-driven research on blockchain interoperability, blockchain technology adoption in organisations, and blockchain for supply chain management. Research being conducted by the School of Accounting, Economics and Finance examines the application of blockchain technology in real-estate, mineral supply chains, corporate financing, and energy trading. We have also launched a virtual currency, Curtin Coin, as a gateway to the virtual economy and to explore the micro-transactions facilitated by Blockchain. Our research on machine learning and artificial intelligence techniques is discovering patterns in financial data that have significant implications for society and industry.
Key projects
Developing a blockchain provenance and traceability platform for hemp Researcher: A/Prof. Vidy Potdar
There is tremendous potential for blockchain technology has to solve pressing supply chain challenges. Working closely with the Western Australian hemp industry cooperative HEMPGRO, this project aims to develop a next generation provenance and traceability platform for hemp and medicinal cannabis. The platform is being created using blockchain technology to provide end-to-end provenance from the sowing of seeds through to the final saleable product (for example, hemp seed oil, fibre, health supplements). The project will help hemp farmers to ensure legislative compliance and will assist groups such as the Department of Primary Industries and Regional Development (DPIRD) with regulatory oversight.
Acceleration in adoption of fintech during COVID-19 Researchers: Prof. Saurav Dutta, Prof. Grantley Taylor and Dr Baban Eulaiwi
Fintech increases financial resilience, which enables people to withstand short-term and temporary loss of income. With funding from the Government of Oman, this project examines spending patterns in a range of countries during the first six months of 2020. In particular, it investigates an increase in the use of digital payments and e-wallets, a reduction in the use of cash, and the suspension of fees relating to monetary transfers, especially in countries that implemented rigorous COVID-19 controls. This contributes to a growing body of research about how societies cope with financial shocks and disruptions.