A Business Talk by the students, for the students, aimed at learning more about business theories through practical cases
A business talk was organized at UIC on March 22, 2023, aiming to introduce blockchain technology in business through practical cases. It was organized by two students, Ma Yihao, a Year 2 Finance Student, and Hu Yuhan, a Year 3 Accounting Student, under the supervision of Dr. Youssef Elhaoussine. During the three-part talk, the speakers presented Blockchain technology and its application in businesses. They first provided a general overview of blockchain technology and then offered insights into two practical case studies that demonstrate its application to create competitive advantages for businesses.
Hu Yuhan, Dr. Youssef Elhaoussine and Ma Yihao
In the first part of the talk, Dr. Youssef Elhaoussine provided an introduction to blockchain technology and its applications in business. He discussed the fundamentals of how blockchain works and how it can benefit companies, including increased security, improved transparency, and reduced costs. By the end of the talk, attendees had a better understanding of how blockchain technology can be used to develop competitive advantages for businesses.
Dr. Youssef Elhaoussine at the talk
In the second part of the talk, Ma Yihao spoke about HYPERCHAIN, a Chinese company that provides blockchain platforms for businesses to integrate blockchain technology into their operations. He discussed how their blockchain platform was designed to provide enhanced security, transparency, and efficiency for companies in various industries, including finance, logistics, and healthcare. He explained how their platform could help businesses leverage blockchain technology and gain a competitive advantage in their respective industries.
Ma Yihao at the talk
In the third part of the talk, Hu Yuhan talked about JD.com, a leading e-commerce company in China that had explored the potential of blockchain technology to improve its operations. By leveraging blockchain technology, JD.com had been able to enhance the transparency and traceability of its supply chain, which helped improve its efficiency and reduce costs. Hu Yuhan provided valuable insights into how JD.com had effectively integrated blockchain technology into its operations and gained from it.
Hu Yuhan at the talk
The three-part talk series was inspired by joint research conducted by Dr. Youssef Elhaoussine and two UIC FBM students, Ma Yihao and Hu Yuhan. This faculty-student collaboration has already yielded the publication of two academic articles on the topic of blockchain technology in business:
·Elhaoussine, Y., Hu, Y., & Ma, Y. (2023). Leveraging Blockchain Technology in the Value Chain and the Supply Chain: Cases on Blockchain Applications Within Chinese Firms. In A. Taghipour (Ed.), Blockchain Applications in Cryptocurrency for Technological Evolution (pp. 173-195). IGI Global.
·Elhaoussine, Y., Ma, Y., & Hu, Y. (2023). Reflection on the Latent Role of Institutional Trust for the Adoption of Cryptocurrencies: Cases on Bitcoin, JP Morgan Coin, Diem, and Japanese Listed Cryptocurrencies. In A. Taghipour (Ed.), Blockchain Applications in Cryptocurrency for Technological Evolution (pp. 213-225). IGI Global.
