Abstract

The Australian government introduced a superannuation scheme to provide workers with savings for retirement. Superannuation is one of the most valuable assets of the majority of Australians.  The scheme requires employers to set aside superannuation funds to provide their employees with a dignified retirement. However, some employers failed to make the required contributions to their employees’ superannuation funds. Moreover, some did not make correct payments or debit the incorrect funds in violation of legal obligations. To prevent fraud and to ensure both employers and their workers have access to employer contributions information, a robust superannuation system is essential. This paper aims to assess the suitability of blockchain technology for addressing the challenges of detecting and preventing superannuation fraud. Prior studies suggest that blockchain technology has not yet been used in the superannuation sector. The proposed research will involve reviewing the literature on disruptive technologies to determine the most compatible ones for these tasks. The results of the research will contribute to the disruptive technology models literature and support the superannuation industry by improving accuracy in superannuation contribution and budgeting.