The state of play of blockchain technology in the financial services sector: A systematic literature review

Ali, Omar and Ally, Mustafa and Clutterbuck, . and Dwivedi, Yogesh (2020) The state of play of blockchain technology in the financial services sector: A systematic literature review. International Journal of Information Management, 54:102199. pp. 1-19. ISSN 0268-4012


Abstract

The modern trends of digitalization have completely transformed and reshaped business practices, whole businesses, and even a number of industries. Blockchain technology is believed to be the latest advancement in industries such as the financial sector, where trust is of prime significance. Blockchain technology is a decentralized and coded security system which provides the capability for new digital services and platforms to be created through this emerging technology. This research presents a systematic review of scholarly articles on blockchain technology in the financial sector. We commenced by considering 227 articles and subsequently filtered this list down to 87 articles. From this, we present a classification framework that has three dimensions: blockchain-enabled financial benefits, challenges, and functionality. This research identifies implications for future research and practice within the blockchain paradigm.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Management and Enterprise (1 Jul 2013 - 17 Jan 2021)
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Management and Enterprise (1 Jul 2013 - 17 Jan 2021)
Date Deposited: 28 Jan 2021 05:38
Last Modified: 29 Jan 2021 05:03
Uncontrolled Keywords: Blockchain technology; Blockchain benefits; Blockchain challenges; Blockchain functionality; Financial technologies
Fields of Research (2008): 08 Information and Computing Sciences > 0806 Information Systems > 080699 Information Systems not elsewhere classified
Fields of Research (2020): 46 INFORMATION AND COMPUTING SCIENCES > 4609 Information systems > 460999 Information systems not elsewhere classified
Socio-Economic Objectives (2008): B Economic Development > 89 Information and Communication Services > 8903 Information Services > 890301 Electronic Information Storage and Retrieval Services
Socio-Economic Objectives (2020): 22 INFORMATION AND COMMUNICATION SERVICES > 2204 Information systems, technologies and services > 220499 Information systems, technologies and services not elsewhere classified
Identification Number or DOI: https://doi.org/10.1016/j.ijinfomgt.2020.102199
URI: http://eprints.usq.edu.au/id/eprint/40953

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