Financial technology in the automobile industry

Kumar, Gokul and Maqbool, Jannat (2018) Financial technology in the automobile industry. Applied Management Conference, Hamilton, New Zealand, 23-25 October, 2018.

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Abstract or Summary

This research targets financial technology in the automobile industry. It is a prediction technology to be used in future for money transferring techniques. The aim of the research is to notify “how the blockchain is planned to make the transactions secure and reduce the transactional costs.” Observing the participants’ opinions, the research will summarise their effectiveness based on current financial methods. To change this lack of information, the researcher proposes to conduct a case study on a small business. Using a mixture of interviews and participant observation, the researcher intends to ascertain whether the most effective implementation methodology was used to implement block chain technology into the small automobile business. To clarify further, investigation into why it was done this particular way and the ramifications of that choice will be conducted. The results from the interviews will be analysed in correlation with planning and preparation, implementation and integration of the new system, training, customer expectations and changes in management. The objective of the research is to analysis the current strategy used by the automobile dealers in New Zealand for their business and the procedures they use for online transactions. Introducing blockchain technology in the automobile industry will help the business to be more efficient and effective and it will lead to centralization of car dealers and customers in New Zealand under one head.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:financial technology, accounting, automotive industry
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6476
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Deposited On:17 Dec 2018 23:04
Last Modified:17 Dec 2018 23:04

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