scholarly journals Systematic Literature Review on Application of Blockchain Technology in E-Finance and Financial Services

2021 ◽  
Vol 16 (3) ◽  
pp. 89-102
Author(s):  
Sonal Trivedi ◽  
Kiran Mehta ◽  
Renuka Sharma
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Financial Services ◽  
Blockchain Technology

Blockchain technology in financial services: a comprehensive review of the literature

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abhinav Pal ◽  
Chandan Kumar Tiwari ◽  
Aastha Behl
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Financial Services ◽  
Distributed Database ◽  
Research Literature ◽  
Comprehensive Review ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Blockchain Technology

Purpose The purpose of this study is to thoroughly review studies that have used blockchain technology in financial services. This study will help provide a holistic framework that would highlight the current state and challenges of the blockchain in the financial services sector. Design/methodology/approach The objective of this study is to systematically examine and organize the current body of research literature that either quantitatively or qualitatively explored the use of blockchain technology in financial services. The study uses PRISMA-guided systematic review along with bibliometric analysis to achieve the purpose. Findings This study contributes to the existing literature by exploring and analyzing systematic studies available on blockchain with special reference to financial services sector. With blockchain based on five principles, namely, computational logic, peer-to-peer transmission, irreversibility of records, distributed database and transparency with pseudonym has immense potential to unleash and transform the financial service industry. With increasing blockchain-based operations of decentralized banking, insurance, trade finance, financial markets and cryptocurrency market, the subject is rapidly growing and seeking considerable contribution from scholars from around the world. Research limitations/implications This study uses systematic literature review approach, which has its own demerits. Like other studies based on Systematic Literature Review, this study also suffers from a certain bias such as sample selection bias, publication bias, data interpretation and the combination of quantitative and qualitative studies in the population. Further, the adoption and resultant benefits of blockchain have not been empirically tested. Practical implications This study can help policymakers and institutions in determining their future course of action, as it highlights the state of research in the area of blockchain technology and financial services. Originality/value Very few studies have done a comprehensive review of literature on blockchain in financial services.

scholarly journals On Deploying Blockchain Technologies in Supply Chain Strategies and the COVID-19 Pandemic: A Systematic Literature Review and Research Outlook

2021 ◽  
Vol 13 (19) ◽  
pp. 10566
Author(s):  
Mohammad Nabipour ◽  
M. Ali Ülkü
Keyword(s):  
Supply Chain ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Web Of Science ◽  
Environmental Issues ◽  
Future Studies ◽  
Blockchain Technology ◽  
Industrial Sectors ◽  
Holistic Review ◽  
Review Study

The emergence of a new pandemic, known as COVID-19, has touched various sections of the supply chain (SC). Since then, numerous studies have been conducted on the issue, but the need for a holistic review study that highlights the gaps and limits of previous research, as well as opportunities and agendas for future studies, is palpable. Through a systematic literature review on blockchain technology (BCT) deployment in supply-chain management (SCM) concerning the COVID-19 pandemic, this research seeks to add to the content of previous studies and to enlighten the path for future studies. Relevant papers were found using a variety of resources (Scopus, Google Scholar, Web of Science, and ProQuest). Seventy-two articles were systematically selected, considering the PRISMA procedure, and were thoroughly analyzed based on BCT, methodologies, industrial sectors, geographical, and sustainability context. According to our findings, there is a significant lack of empirical and quantitative methodologies in the literature. The majority of studies did not take specific industries into account. Furthermore, the articles focusing on the sustainability context are few, particularly regarding social and environmental issues. In addition, most of the reviewed papers did not consider the geographical context. The results indicate that the deployment of BCT in several sectors is not uniform, and this utilization is reliant on their services during the COVID-19 pandemic. Furthermore, the concentration of research on the impacts of the BCT on SCM differs according to the conditions of various countries in terms of the consequences of the COVID-19 pandemic. The findings also show that there is a direct relationship between the deployment of BCT and sustainability factors, such as economic and waste issues, under the circumstances surrounding COVID-19. Finally, this study offers research opportunities and agendas to help academics and other stakeholders to gain a better knowledge of the present literature, recognize aspects that necessitate more exploration, and drive prospective studies.

Diffusion of blockchain in logistics and transportation industry: an analysis through the synthesis of academic and trade literature

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anuj Batta ◽  
Mohina Gandhi ◽  
Arpan Kumar Kar ◽  
Navin Loganayagam ◽  
Vignesh Ilavarasan
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Collective Intelligence ◽  
Early Stage ◽  
Inductive Reasoning ◽  
Quality Data ◽  
Transportation Industry ◽  
Sources Of Information ◽  
Content Type ◽  
Blockchain Technology

Purpose Blockchain technology has fascinated researchers and industry professionals. Since its birth, the attention for blockchain has been exponentially increasing, however, most of the industries are still skeptical in adoption for value creation. The purpose of this study is to analyze the actual level of implementation and diffusion of blockchain technology within the logistics and transportation industry by comparing and using the collective intelligence of academic literature and industry practices of implementation of blockchain in this domain. Design/methodology/approach This study uses the methodology of systematic literature review along with inductive reasoning. The systematic literature review of academic and industry frontiers together has brought a bigger and real picture into consideration. Findings The results highlight that, within the transportation sector, currently there is a very low diffusion of blockchain, although applications show immense promises for the future. The various application where blockchain technology can make a significant impact are also identified. Research limitations/implications Due to the early stage of experimentation with blockchain technology, high-quality data which is relevant to the optimized usage of this technology in the logistics and transportation industry is not available. Practical implications The study will help the practitioners in identifying additional avenues in which they could implement blockchain for the effectiveness, efficiency and growth of the logistics and transportation industry. Originality/value The analysis of mixed sources of information for undertaking systematic literature review by assessing academic and trade publications is a novelty of this study.

Blockchain as a mean to secure Internet of Things ecosystems – a systematic literature review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mazen El-Masri ◽  
Eiman Mutwali Abdelmageed Hussain
Keyword(s):  
Internet Of Things ◽  
Literature Review ◽  
Language Processing ◽  
Systematic Literature Review ◽  
Relevant Literature ◽  
Security Requirements ◽  
Security Threats ◽  
Iot Security ◽  
Content Type ◽  
Blockchain Technology

PurposeBlockchain is evolving to become a platform for securing Internet of things (IoT) ecosystems. Still, challenges remain. The purpose of this literature review is to highlight the applicability of blockchain as a medium to secure IoT ecosystems. A two-dimensional framework anchored on (1) IoT layers and (2) security goals is used to organize the existent IoT security threats and their corresponding countermeasures identified in the reviewed literature. The framework helped in mapping the IoT security threats with the inherent features of blockchain and accentuate their prominence to IoT security.Design/methodology/approachAn approach integrating computerized natural language processing (NLP) with a systematic literature review methodology was adopted. A large corpus of 2,303 titles and abstracts of blockchain articles was programmatically analyzed in order to identify the relevant literature. The identified literature was subjected to a systematic review guided by a well-established method in IS research.FindingsThe literature evidently highlights the prominence of blockchain as a mean to IoT security due to the distinctive features it encompasses. The authors’ investigation revealed that numerous existent threats are better addressed with blockchain than conventional mechanisms. Nevertheless, blockchain consumes resources such as electricity, time, bandwidth and disk space at a rate that is not yet easily accessible to common IoT ecosystems.Research limitations/implicationsResults suggest that a configurational approach that aligns IoT security requirements with the resource requirements of different blockchain features is necessary in order to realize the proper balance between security, efficiency and feasibility.Practical implicationsPractitioners can make use of the classified lists of convention security mechanisms and the IoT threats they address. The framework can help underline the countermeasures that best achieve their security goals. Practitioners can also use the framework to identify the most important features to seek for in a blockchain technology that can help them achieve their security goals.Originality/valueThis study proposes a novel framework that can help classify IoT threats based on the IoT layer impacted and the security goal at risk. Moreover, it applies a combined man-machine approach to systematically analyze the literature.

Risk Management in the Era of Blockchain

2020 ◽  
pp. 128-148
Author(s):  
Mohammed Fisal Abu Khaled
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Financial Services ◽  
Future Research ◽  
Special Focus ◽  
Research Directions ◽  
Governmental Agencies ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Future Research Directions

This chapter intends to document the various ways that the nascent technology, blockchain, and other forms of distributed ledger technology (DLT) can provide both increased and decreased risk as well as offer FinTech industries a fertile environment to pursue key technological advancements that can help shape almost every facet of the financial world. Issues of trust, transparency, and privacy will be explored as it pertains to the execution of blockchain technology within financial sectors. Strengths and weakness will be explored within regulations, legal environments, risk management, and the environment. Based on the findings of a comprehensive literature review, possible solutions and recommendations will be provided for governmental agencies, regulators, and users of financial services with a special focus on Islamic FinTech. Future research directions will also be shared that can assist Islamic FinTech.

Blockchain in general management and economics: a systematic literature review

2020 ◽  
Vol 32 (4) ◽  
pp. 765-783
Author(s):  
Rami Alkhudary ◽  
Xavier Brusset ◽  
Pierre Fenies
Keyword(s):  
Literature Review ◽  
Supply Chains ◽  
Systematic Literature Review ◽  
Future Research ◽  
Academic Journals ◽  
Content Type ◽  
Inaccurate Information ◽  
General Management ◽  
Blockchain Technology ◽  
Regulatory Frameworks

Purpose This paper aims to provide a systematic review of the literature addressing blockchain technology (BT) in general management and economics (GME). Design/methodology/approach A systematic literature review methodology is used to collect and analyze the literature. Findings Three clusters of research are identified, namely, law, economy and innovation. The use of BT in law areas fosters the registration of intellectual property (IP) rights, although conflict between some of BT applications and regulatory frameworks is present. Research on cryptocurrencies is of high interest to the economy today. In the innovation cluster, BT improves security, traceability and transparency in operations over supply chains. However, BT has many technical imperfections that hinder its wide adoption. Furthermore, the need for the full commitment of all business actors complicates its implementation. Research on BT is still at a nascent stage. Conceptual papers dominate the literature (18 theories are discussed). Eight main future research directions are described. For example, the relationship between the use of BT in supply chains and competitive advantage is not established; and quality standards for BT platforms are not developed. Research limitations/implications The review is restricted to academic journals in the fields of GME, which limits the extent of the conclusions. Originality/value The paper synthesizes 47 studies published in academic journals, avoiding misleading claims and inaccurate information insofar as possible; and provides a spectrum of descriptive statistics and qualitative meta-synthesis analysis of the current literature.

scholarly journals Blockchain Technology Factor for Improve Good Distribution Practice in the Pharmaceutical Industry

2020 ◽  
Vol 8 (6) ◽  
pp. 2174-2180
Keyword(s):  
Pharmaceutical Industry ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Drug Distribution ◽  
Pharmaceutical Products ◽  
Related Literature ◽  
Blockchain Technology ◽  
Distribution Process ◽  
The Many

The distribution process is one of the processes that occur in all industries, including the pharmaceutical industry. The distribution of medicines in the pharmaceutical industry is the most important to provide quality pharmaceutical products to patients or consumers. With several problems that occur in the distribution of drugs in things that currently should be considered. This happens a lot due to the many drugs that disagree with the provisions or such illegal or false drugs. This research investigates the use of blockchain technology for drug distribution in Indonesia. This research uses a systematic literature review method with related literature. The results of this research found 54 blockchain factors that were used to improve nine aspects of good distribution practices and to ensure the good quality of medicines distributed to consumers

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