The Role of Blockchain Technology in Improving the Financial Performance of Small and Medium-Sized Businesses in Iran

Blockchain technology, a decentralized and distributed database with significant capabilities for enhancing transparency, security, and efficiency, can help enhance companies' financial performance by improving supply chain and export processes. We examined the impact of blockchain technology on the financial performance of small and medium-sized businesses (SMBs), considering the mediating roles of supply chain efficiency and export performance in tile and ceramic exporting companies in Iran, using structural equation modeling. The statistical population consisted of experts and specialists from the studied companies, particularly those with expertise in finance, sales, and production. The sample size was determined to be 261 individuals. According to the results, the use of blockchain technology has a positive and significant effect on supply chain efficiency and export performance. Moreover, the mediating roles of supply chain efficiency and export performance in the relationship between blockchain technology and the financial performance of SMBs were found to be positive and significant.