Blockchain-Based Optimization Method for University Financial Management: A Research Study
DOI: https://doi.org/10.62517/jmsd.202512401
Author(s)
Jianrui Rong
Affiliation(s)
Guilin University of Aerospace Technology, Guilin, Guangxi, China
Abstract
In the context of digital transformation, blockchain technology, with its decentralized, immutable, and traceable characteristics, offers new insights for reforming university financial management. This paper explores the application of blockchain technology in university financial management, analyzing its advantages: enhancing financial security, improving data transparency, and optimizing budget and settlement processes. It also discusses potential challenges, including privacy protection issues, high technical costs, and a shortage of multidisciplinary talent that may arise during the implementation of blockchain technology in university financial management. The paper proposes solutions to address these issues, such as strengthening financial data privacy protection, scientifically planning blockchain technology construction and application, and cultivating multidisciplinary talent, offering a theoretical foundation and a practical reference for the digital transformation of university financial management.
Keywords
Blockchain; University Financial Management; Financial Data; Data Privacy Protection
References
[1] A. T. Al Raoush, A. A’aqoulah, S. Albalas, S. Athamneh. "Impact of financial management on improving quality at jordanian public university hospitals." Journal of Information & Knowledge Management 19.03 (2020): 2050025.
[2] M. Belotti, N. Božić, G. Pujolle and S. Secci, "A Vademecum on Blockchain Technologies: When, Which, and How," in IEEE Communications Surveys & Tutorials, vol. 21, no. 4, pp. 3796-3838, Fourthquarter 2019, doi: 10.1109/COMST.2019.2928178.
[3] R. Y. Goh, G. Andreeva and Y. Cao, "Predicting Financial Volatility from Personal Transactional Data," 2022 IEEE Symposium on Computational Intelligence for Financial Engineering and Economics (CIFEr), Helsinki, Finland, 2022, pp. 1-8, doi: 10.1109/CIFEr52523.2022.9776206.
[4] Jingchang Yu, Tao Shen, Fenhua Bai, Zhuo Yu, and Jianzhao Luo. 2022. A Blockchain Communication Resource Optimization Consensus Method. In Proceedings of the 2022 4th Blockchain and Internet of Things Conference (BIOTC '22). Association for Computing Machinery, New York, NY, USA, 107–114. https://doi-org.mpu.idm.oclc.org/10.1145/3559795.3559810
[5] Q. Liu, M. Khalil, “Understanding privacy and data protection issues in learning analytics using a systematic review,” British Journal of Educational Technology, 2023,54,1715–1747. https://doi.org/10.1111/bjet.13388
[6] Kusumawati, R., Saputra, B., Surwanti, A. (2024). Understanding Financial Management Behaviors: The Influence of Locus of Control, Lifestyle, Financial Literacy, and Financial Attitudes Among University Students. In: Alareeni, B., Hamdan, A. (eds) Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation. ICBT 2024. Lecture Notes in Networks and Systems, vol 1082. Springer, Cham. https://doi-org.mpu.idm.oclc.org/10.1007/978-3-031-67434-1_25
[7] J. Li, C. Guo, S. Lv, Q. Xie, and X. Zheng, “Financial fraud detection for Chinese listed firms: Does managers’ abnormal tone matter?,” Emerging Markets Review, vol. 62, p. 101170, 2024, doi: https://doi.org/10.1016/j.ememar.2024.101170.
[8] G. M. Y. Owusu, G. Korankye, N. Y. M. Yankah, and J. B. A. Donkor, “Financial risk tolerance and its determinants: The perspective of personnel from security services in Ghana,” Borsa Istanbul Review, vol. 23, no. 4, pp. 852–864, 2023, doi: https://doi.org/10.1016/j.bir.2023.02.005.
[9] W. Shi, M. Ali, and C.-M. Leong, “Dynamics of personal financial management: a bibliometric and systematic review on financial literacy, financial capability and financial behavior,” INTERNATIONAL JOURNAL OF BANK MARKETING, vol. 43, no. 1, pp. 125–165, Jan. 2025, doi: 10.1108/IJBM-06-2023-0359.