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

Ali, Omar; Ally, Mustafa; Clutterbuck,; Dwivedi, Yogesh K.

doi:10.1016/j.ijinfomgt.2020.102199

Cited by 308 publications

(188 citation statements)

References 108 publications

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“…It is argued that if this organized procedure is followed, it ensures unbiased, consistent, objective-based, apparent and thorough study [38] [42]. The strategies and rules presented by [11] [43] [45] are adopted for this systematic review. The study is confined to three stages: planning, execution and reporting.…”

Section: Methodsmentioning

confidence: 99%

“…Some work offers an understanding of the current blockchain research and its real-world implementations [8] and reviews blockchain applications and discusses technical challenges, as well as recent advances in tackling the challenges, also pointing out future directions in blockchain technology [9]. A study conducted by [11], reviewed the blockchain benefits, challenges and functionalities in financial sector. Other study conducted by [1] aimed to investigate the current state of blockchain technology and presented a comprehensive classification of blockchain-enabled applications across diverse sectors, such as supply chain, business and healthcare, that did not cover other important sectors, such as government and manufacturing.…”

Section: Introductionmentioning

confidence: 99%

“…Researchers believe that more research still needs to be conducted to better understand, characterize and evaluate the utility of blockchain technology in different domains [1] [2][4] [10] [11]. Further research is also needed to supplement ongoing efforts to address many challenges, such as scalability, interoperability, security and privacy, in relation to the use of blockchain technology [11] [12] [13] [14].…”

Section: Introductionmentioning

confidence: 99%

“…Evidently, the literature lacks a concrete and systematic review of the current blockchain-enabled state-of-the-art [1]. Despite the growing interest in the use of blockchain technology across different sectors, few studies have examined blockchain technology's benefits, challenges and functionalities of this technology [11] [16] [17] [18].…”

Section: Introductionmentioning

confidence: 99%

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A Comparative Study: Blockchain Technology Utilization Benefits, Challenges and Functionalities

et al. 2021

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Blockchain technology enables users to verify, preserve, and synchronize the contents of a data sheet (a transaction ledger) replicated by multiple users. Blockchain technology has provided considerable advantages and incentives to industries in terms of enabling better services. This review aims to explore the benefits, challenges and functionalities that affect blockchain applications in different sectors. This article is constructed as a systematic literature review study. From 1976 articles, 168 final articles were selected and classified into three main dimensions, that is, benefits, challenges, and functionalities, in four different sectors: government, financial, manufacturing, and healthcare. The results were extracted and compared based on factors in three dimensions, which were categorized as benefits (informational, technological, economic, organizational, and strategic), challenges (technological, organizational, adoption, operational, and environmental and sustainability), and functionalities (point-to-point transmission, data ownership, data protection, and transaction processing). The results of this review study aim to support professionals, practitioners, and stakeholders who wish to implement and manage transformation projects related to blockchain in their sectors. Moreover, helping these possible blockchain users to understand the implied factors associated with blockchain would be beneficial for the decision-making processes of their organizations.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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A Comparative Study: Blockchain Technology Utilization Benefits, Challenges and Functionalities

et al. 2021

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“…Blockchain technology has advantages of decentralized, trusted, transparency, fairness and can be applied to distributed decision-making [9], which is very suitable for establishing a trusted system of multiple stakeholders [10]. The blockchain-enhanced energy trading stands out to be a suitable solution [11,12].…”

Section: Introductionmentioning

confidence: 99%

Dynamic Adaptive Cross-Chain Trading Mode for Multi-Microgrid Joint Operation

Wang

Yuan

et al. 2020

Sensors

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The emerging blockchain technology has injected new vitality into the energy market, especially the peer-to-peer power trading of microgrid systems. However, with the increase of energy blockchain projects, the difficulty of data communication and value islands between blockchain networks have become open issues. Thus, in this paper, we propose a dynamic adaptive cross-chain trading mode for multi-microgrid joint operation. The novelty is to design a proof of credit threshold consensus mechanism to achieve effective information verification. This consensus mechanism can ensure the adaptive consistency of cross-chain information without changing the existing blockchain architecture of each system. At the same time, we design a corresponding key management interoperability protocol based on RSA algorithm and Chinese remainder theorem, which can realize data transfer and information consensus for cross-chain transactions. The theoretical analysis verifies that the cross-chain communication information is effective and the system is able to protect against the attack of malicious nodes. Finally, a cross-chain simulation experiment is established to analyze the operation efficiency. The result shows that this cross-chain trading takes place within seconds, which basically meets the response requirements for multi-microgrid joint operation.

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Potential of Blockchain Technology in Healthcare, Finance, and IoT

Tiwari,

Anuradha

2023

Blockchain and Deep Learning for Smart Healthcare

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

Cited by 308 publications

References 108 publications

A Comparative Study: Blockchain Technology Utilization Benefits, Challenges and Functionalities

A Comparative Study: Blockchain Technology Utilization Benefits, Challenges and Functionalities

Dynamic Adaptive Cross-Chain Trading Mode for Multi-Microgrid Joint Operation

Potential of Blockchain Technology in Healthcare, Finance, and IoT

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