Table 1 Blockchain, AI, IIoT-enabled SMEs related literatures.
Research papers | Research development | Research benefits and outcomes | Research challenges, limitations, and issues |
|---|---|---|---|
A role of moderating an entrepreneurial orientation to design a sustainable SMEs14 | This study proposed practical and theoretical implications related to managers and ledgers of SMEs. The offered mechanism helps to transform their existing companies into digital enterprises. For this purpose, the study presented various theoretical implications, processes, and strategies that help in digital transformation | Volatile high velocity of business environment Dynamic capability review Resource-based review Benefits for startup SMEs as well | Cross sectional limitations External validity issues Hardly handle the generation to a large population Defect of context insensitivity The result of the proposed model in up to 68% |
Automobile assembly model for design and implementation of SMEs using federated AI and blockchain technology15 | The paper presented a new design for SMEs called Trust Threshold Limit (TTL) that helps moderate the existing use of embedded tools, sensors, energy, and cost of functions in the production and manufacturing process | Smart contract is involved in the automation of operational controls, events of nodes executions, and legalization of production and manufacturing Blockchain-based automobile assembly model | Trust threshold limit Limitation in federated learning of AI Consume more computational power to evaluate transactions Customization and graphical UI |
An empirical study of SMEs: Analysis of the relationship between digital transformation and performance16 | The authors of this paper presented an empirical analysis of the current performance of SMEs undergoing digital transformation and demonstrated a state-of-the-art review description | Interview method used The process of sustainable development is proposed Analysis digital transformation on financial performance | Cross chaining platform limitation Automation and deliverance related challenges Centralized data management and organization issues |
A collaborative approach of knowledge, diffusion, and blockchain technology in SMEs17 | This research presented a novel process hierarchy by adopting knowledge management perception, drawing on the distributed ledger technology, and highlighting the involvement of diffusion in intelligent SMEs and related transactions | A questionnaire-based evaluation Perform a logistic regression to analysis the determinate of futuristic digital transformation Use blockchain permissionless public network | Cost of data privacy and security Scope of data automation Interoperability platform issues Expensive data preservation on distributed storage |
Fintech for SMEs sustainable business model and transformation18 | This research highlighted the role of fintech in sector development under the influence of the fourth industrial revolution. In addition, this paper presented a novel framework using the ReSOLVE model for both the theoretical and practice advancement in SMEs | Sustainable business model Improve circular economy practices A conceptual framework is proposed Use Fintech-enabled ReSOLVE model | Linking fintech application Privacy and security issues SMEs data management and optimization limitations |
The green blockchain for SMEs19 | This paper proposed a secure distributed monitoring framework for the execution of core operations of SMEs using a blockchain public permissionless network | Eco-friendly systems Involvement of IoT technology Circular economy development Perform computationally intensive ML task | Regulatory and compliance issues Risk controlling procedure for data organization Data integrity and transparency-related challenges while connecting different SMEs |
