BLOCKCHAIN IN FINANCE: A SYSTEMATIC LITERATURE REVIEW

Year 2024, Volume: 13 Issue: 2, 113 - 129, 31.12.2024

Bulut Karadag Abdul Halim Zaim Akhan Akbulut

Abstract

Purpose- This study aims to conduct a systematic literature review (SLR) on the use of blockchain technology in finance.
Methodology- The study analyzes 54 research articles, out of which 32 were relevant to the SLR questions. Nine research questions were formulated and investigated through the chosen articles. These questions can be categorized into three main areas: technical aspects, benefits and challenges, and current/future application areas.
Findings- The research reveals the potential of blockchain technology to improve efficiency, reduce costs, and enhance transparency and security in the financial sector. The study identifies technical features of blockchain along with its current and potential applications in finance. Benefits and challenges associated with blockchain technology are explored. Regulatory constraints, scalability concerns, and interoperability issues are highlighted as barriers that need to be addressed.
Conclusion- This SLR offers valuable insights into the current state of research on blockchain in finance. It provides a comprehensive analysis of the technology's infrastructure, technology, advantages, and limitations. The findings shed light on potential future applications and pave the way for further research in this domain. This study is particularly beneficial for individuals interested in pursuing blockchain technology in finance.

Keywords

Systematic literature review, blockchain, finance, blockchain Infrastructure, smart contract

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