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SYSTEMATIC LITERATURE REVIEW ON BLOCKCHAIN ADOPTION IN BANKING

Year 2021, , 126 - 146, 30.09.2021
https://doi.org/10.17261/Pressacademia.2021.1458

Abstract

Purpose- Blockchain has emerged as high impact disruptive technology and surpassed most of the aggressive predictions in banking and finance
domain. The changing landscape in digital banking has forced the entire banking sector to look at blockchain technology as future of transactions.
Blockchain is disrupting the banking industry and contributing to the increased efficiency and speed in banking. However, there exists a gap in
research and development into block-chained processes in banking from an academic perspective, and this paper ia an attempt to put together
the research work done in the field of blockchain adoption in banking.
Methodology- This paper’s literature review process follows common and established guidelines (Levy and Ellis, 2006; Okoli, 2015; von Brocke
et al., 2009; Webster and Watson, 2002) and is summarized thoroughly. We considered the IS literature in both the blockchain and the banking
context. In the first step, we conduct a separate review on both streams of literature to derive a general understanding of their current state of
development. In the second step, we then conflate the relevant literature and discuss it within a joint analytical framework. In doing so, we
identify paths for future research and discuss the potential of blockchain technology for banking and finance sector.
Findings- In this paper we discuss the impact that blockchain will have on banking in future and show the increasing importance of distributed
ledger based transactions for the banking industry. Finally, this paper brings together the research work published in several reputed databases,
in hope of motivating more active engagement by academics, researchers and bankers alike. A comprehensive review of the blockchain adoption
in banking to date and across the geographic areas is presented as a result of comprehensive review of literature.
Conclusion- The collaboration of blockchain and banking is not very old, comparatively novice and we have tried to include all the significant
studies till date across various databases of research.

References

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  • Abramova, O., Shanvanova, T., Fuhrer, A., Krasnova, H., Buxmann, P., (2015). Understanding the sharing economy: the role of response to negative reviews in the peer-to-peer accommodation sharing network. In: ECIS 2015 Proceedings.
  • Ahangama, S., Poo, D.C.C., (2016). Credibility of algorithm based decentralized computer networks governing personal finances: the case of cryptocurrency. In: HCIBGO 2016 Proceedings. 165–176. doi:10.1007/978-3-319-39396-4
  • Al Khalil, F., Butler, T., O’Brien, L., Ceci, M., (2017). Trust in smart contracts is a process, as well. In: Brenner, M., Rohloff, K., Bonneau, J., Miller,
  • A., Ryan, P.Y.A., Teague, V., Bracciali, A., Sala, M., Pintore, F., Jakobsson, M. (Eds.), Financial Cryptography and Data Security. Springer International Publishing, Cham, 510–519.
  • Albinsson, P.A., Perera, Y., (2012). Alternative marketplaces in the 21st century: building community through sharing events. Journal of Consumer Behaviour, 11, 303–315. https://doi.org/10.1002/cb.1389.
  • Albiston, G., Osman, T., Peytchev, E., (2014). Modelling trust in semantic web applications. In: UKSim 2014 Proceedings. 440–445. doi:10.1109/ UKSim.2014.62 Umarovich, A.A., Natalia, V. (2017). Blockchain and financial controlling in the system of technological provision of large corporations’ economic security. European Research Studies Journal, 265-288.
  • Alexopoulos, N., Daubert, J., Muhlhauser, M., Habib, S.M., (2017). Beyond the hype: On using blockchains in trust management for authentication. In: Proceedings – 16th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 11th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Conference on Embedded Software and Systems. 546–553. doi:10.1109/Trustcom/BigDataSE/ICESS.2017.283
  • Aufmann, C., (2016). Designing for trust : airbnb design [WWW Document]. Airbnb, URL. http://airbnb.design/designing-for-trust/.
  • Avital, M., King, J.L., Beck, R., Rossi, M., Teigland, R., (2016). Jumping on the blockchain bandwagon: lessons of the past and outlook to the future panel. In: ICIS 2016 Proceedings. Ba, S., Pavlou, P.A.
  • Baek, C., Elbeck, M., (2014). Bitcoins as an investment or speculative vehicle? A first look. Applied Economics Letters, 1–5, https://doi.org/10.1080/13504851.2014.916379.
  • Ballús-Armet, I., Shaheen, S.A., Clonts, K., Weinzimmer, D., (2014). Peer-to-peer carsharing. Transportation Research Journal, 2416, 27–36. https://doi.org/ 10.3141/2416-04.
  • Bardhi, F., Eckhardt, G.M., (2012). Access-based consumption: the case of car sharing. Journal of Consumer Research, 39, 881–898. https://doi.org/10.1086/666376. David, B. and Migliore, P., (2018). Innovate or stagnate: digitalisation in investment management. Journal of Securities Operations & Custody, 10, 18-28.
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  • Belk, R.W., Sharing., (2010). Why Not Share Rather than own? Journal of Consumer Research. 36, 715–734. https://doi.org/10.1086/ 612649.
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  • Bellare, M., Namprempre, C., Neven, G., (2009). Security proofs for identity-based identification and signature schemes. Journal of Cryptology, 22, 1–61. https://doi.org/ 10.1007/s00145-008-9028-8.
  • Benbasat, I., Zmud, R.W., (2003). The identity crisis within the is discipline: defining and communicating the discipline’s core properties. MIS Quarterly. 27, 183–194.
  • Berg, J., Dickhaut, J., McCabe, K., (1995). Trust, reciprocity, and social history. Games and Economic Behavior, 10(1), 122-142. 10.1006/game.1995.1027.
  • Bogner, A., Chanson, M., Meeuw, A., (2016). A decentralised sharing app running a smart contract on the ethereum blockchain. In: Proceedings of the 6th International Conference on the Internet of Things – IoT’16, 177–178. doi:10.1145/2991561.2998465
  • Böhme, R., Christin, N., Edelman, B., Moore, T., (2015). Bitcoin: economics, technology, and governance. Journal of Economic Perspective, 29, 213–238. https://doi.org/ 10.1257/jep.29.2.213.
  • Bolton, G.E., Katok, E., Ockenfels, A., (2004). How effective are electronic reputation mechanisms? an experimental investigation. Management Science, 50, 1587–1602. https://doi.org/10.1287/mnsc.1030.0199.
  • Botsman, R., (2016). We’ve stopped trusting institutions and started trusting strangers [WWW Document]. TED. URL https://www.ted.com/talks/rachel_ botsman_we_ve_stopped_trusting_institutions_and_started_trusting_ strangers#t-715217.
  • Botsman, R., (2013). The sharing economy lacks a shared definition [WWW Document]. fastcoexist.com. https://www.fastcoexist.com/3022028/the- sharing-economy-lacks-a-shared-definition
  • Botsman, R., Rogers, R., (2010). What’s mine is yours: the rise of collaborative consumption. HarperCollins Publishers. Castelfranchi, C., Falcone, R. Trust Theory: a Socio-Cognitive and Computational Model.
  • Cheng, M., (2016). Sharing economy: a review and agenda for future research. International Journal of Hospitality Management. 57, 60–70. https://doi.org/10.1016/j.ijhm.2016.06.003.
  • Chica, M., Chiong, R., Adam, M.T.P., Damas, S., Teubner, T., (2017). An evolutionary trust game for the sharing economy. IEEE Congress, Evolutionary Computing (CEC ) – Proc. 2510–2517. doi:10.1109/CEC.2017.7969610
  • Christopher, C. M., (2019). The bridging model: exploring the roles of trust and enforcement in banking, bitcoin, and the blockchain. Nevada Law Journal, 17, 139-151.
  • Cocco, L., Pinna, A., Marchesi, M., (2017). Banking on blockchain: costs savings thanks to the blockchain. Future Internet, 25(9); doi:10.3390/fi9030025, www.mdpi.com/journal/futureinternetFuture Internet.
  • Connolly, A.J., Kick, A., (2015). What differentiates early organization adopters of bitcoin from non-adopters? In: AMCIS 2015 Proceedings. 1–6. doi:10.13140/RG.2.1.4730.8645
  • Davidson, S., De Filippi, P., Potts, J., (2016). Economics of blockchain. Social Sciences Research Network, 1–23. https://doi.org/10.2139/ssrn.2744751.
  • Dan, B., (2015). Blockchain manoeuvres: applying bitcoin's technology to banking. The Banker, May 15, https://www.thebanker.com/TransactionsTechnology/Technology/Blockchain-manoeuvres-applying-Bitcoin-s-technology-to-banking?ct=true, 25.06.21
  • Dinger, J., Hartenstein, H., (2006). Defending the sybil attack in P2P networks: Taxonomy, challenges, and a proposal for self-registration. In: ARES 2006 Proceedings. 756–763. doi:10.1109/ARES.2006.45
  • Douceur, J.R., (2002). The sybil attack. in: international workshop on peer-to-peer systems. International Workshop on Peer-to-Peer Systems IPTPS 2002: Peer-to-Peer Systems pp 251-260, doi: 10.1016/S0140-6736(07)60784-3.
  • Dredge, D., Gyimóthy, S., (2015). The collaborative economy and tourism: Critical perspectives, questionable claims and silenced voices. Tourism Recreation Research, 40, 286–302. https://doi.org/10.1080/02508281.2015.1086076.
  • Gandhi, H., More, R., Patil, N., (2019). A blockchain in banking application, Global Journal for Research Analysis, 8(4), 265-276.
  • Galyna, A., Iryna, S., (2018). The influence of financial technologies on the global financial system stability. Investment Management and Financial Innovations, 15(4), 229-238, DOI:10.21511/imfi.15(4).2018.19
  • Gupta, A., Gupta, S., (2018). Blockchain technology: application in Indian banking sector. Delhi Business Review, 19(2), 89-94. Deng, C., Ravichandran, T., (2017). How consumers perceive trustworthiness of providers in sharing economy: effects of photos and comments on demand at airbnb. In: AMCIS 2017 Proceedings.
  • Hassani, H., Huang, X., Silva, E., (2018). Banking with blockchained big data. Journal of Management Analytics, 5(4), 256-275.
  • Hayati, Y., Mai, F. M., Badrul, M., Zulnurhaini, Z., (2018). Behavioral intention to adopt blockchain technology: viewpoint of the banking institutions in Malaysia. International Journal of Advanced Scientific Research and Management, 3(10), 368-377.
  • Ittay, E., (2017). Blockchain technology: transforming libertarian cryptocurrency dreams to finance and banking realities, The IEEE Computer Society,50(9), DOI: 10.1109/MC.2017.3571042 Chan, S., Chu, J., Nadarajah, S., Osterrieder, J., (2017). A Statistical Analysis of Cryptocurrencies. Journal of Risk Finance and Management, 10, 12- 23. https://doi.org/10.3390/ jrfm10020012. Meenakshi, K., George, A. R. et. al., (2018). Green banking through blockchain. International Journal of Research and Analytical Reviews, 1 (12). 212-220.
  • Liang, L.J., Choi, H.C., Joppe, M., (2018). Exploring the relationship between satisfaction, trust and switching intention, repurchase intention in the context of Airbnb. International Journal of Hospitality Management, 69, 41–48. https://doi.org/10.1016/j. ijhm.2017.10.015.
  • Litos, O.S.T., Zindros, D., (2017). Trust is risk: a decentralized financial trust platform. In: Kiayias, A. (Ed.), Financial Cryptography and Data Security. Springer International Publishing, Cham, 340–356.
  • Lu, Y., Zhao, L., Wang, B., (2010). From virtual community members to C2C e- commerce buyers: Trust in virtual communities and its effect on consumers’ purchase intention. Electronic Commercial Research Applications, 9, 346–360. https://doi.org/ 10.1016/j.elerap.2009.07.003.
  • Ma, S., Guo, C., et. al., (2018). Nudging data privacy management of open banking based on blockchain. International Symposium on Pervasive Systems, Algorithms and Networks (I-SPAN), Project:Blockchain technologies and applications, October 2018, DOI: 10.1109/I-SPAN.2018.00021
  • Mohite, V., (2018). Reducing uncertainty in trade and deciphering future challenges in banking industry through application of blockchain technology. International Bulletin of Management and Economics, 9, special issue, 49-55.
  • N. Popova, N. G. Butakova, (2019). Research of a possibility of using blockchain technology without tokens to protect banking transactions Computer Science 2019 IEEE Conference of Russian Young Researchers in Electrical and Electronic Engineering (EIConRus), DOI:10.1109/EICONRUS.2019.8657279
  • Notheisen, B., Cholewa, J.B., Shanmugam, A.P., (2017a). Trading real-world assets on blockchain. Business Information Systems Engineering, 59, 425–440. https://doi.org/10.1007/s12599- 017-0499-8.
  • Notheisen, B., Hawlitschek, F., Weinhardt, C., (2017b). Breaking down the blockchain hype – towards a blockchain market engineering approach. In: ECIS 2017 Proceedings.
  • Nunes, M., Correia, J., (2013). Improving trust using online credibility sources and social network quality in P2P marketplaces. Information Systems Technology (CISTI), 8th Iber. Conf. 1–4.
  • Oh, J.S., Shong, I., (2017). A case study on business model innovations using blockchain: focusing on financial institutions. Asia Pacific Journal of Innovation and Entrepreneurship, 11(3), 335-344.
  • Rega, F. G., Riccardi, N., (2018). Blockchain in the banking industry: an Overview, White Paper, https://www.researchgate.net/profile/FedericoRega/publication/327601993_Blockchain_in_the_banking_industry_an_Overview/links/5bfefaeaa6fdcc1b8d49f252/Blockchain-in-the-bankingindustry-an-Overview.pdf
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Year 2021, , 126 - 146, 30.09.2021
https://doi.org/10.17261/Pressacademia.2021.1458

Abstract

References

  • Abramova, O., Krasnova, H., Shavanova, T., Fuhrer, A., Buxmann, P., (2016). Impression management in the sharing economy: understanding the effect of response strategy to. Die Unternehmung – Swiss Journal of Business Research Practice, 70, 58–73. https://doi. org/10.5771/0042-059X- 2016-1-58.
  • Abramova, O., Shanvanova, T., Fuhrer, A., Krasnova, H., Buxmann, P., (2015). Understanding the sharing economy: the role of response to negative reviews in the peer-to-peer accommodation sharing network. In: ECIS 2015 Proceedings.
  • Ahangama, S., Poo, D.C.C., (2016). Credibility of algorithm based decentralized computer networks governing personal finances: the case of cryptocurrency. In: HCIBGO 2016 Proceedings. 165–176. doi:10.1007/978-3-319-39396-4
  • Al Khalil, F., Butler, T., O’Brien, L., Ceci, M., (2017). Trust in smart contracts is a process, as well. In: Brenner, M., Rohloff, K., Bonneau, J., Miller,
  • A., Ryan, P.Y.A., Teague, V., Bracciali, A., Sala, M., Pintore, F., Jakobsson, M. (Eds.), Financial Cryptography and Data Security. Springer International Publishing, Cham, 510–519.
  • Albinsson, P.A., Perera, Y., (2012). Alternative marketplaces in the 21st century: building community through sharing events. Journal of Consumer Behaviour, 11, 303–315. https://doi.org/10.1002/cb.1389.
  • Albiston, G., Osman, T., Peytchev, E., (2014). Modelling trust in semantic web applications. In: UKSim 2014 Proceedings. 440–445. doi:10.1109/ UKSim.2014.62 Umarovich, A.A., Natalia, V. (2017). Blockchain and financial controlling in the system of technological provision of large corporations’ economic security. European Research Studies Journal, 265-288.
  • Alexopoulos, N., Daubert, J., Muhlhauser, M., Habib, S.M., (2017). Beyond the hype: On using blockchains in trust management for authentication. In: Proceedings – 16th IEEE International Conference on Trust, Security and Privacy in Computing and Communications, 11th IEEE International Conference on Big Data Science and Engineering and 14th IEEE International Conference on Embedded Software and Systems. 546–553. doi:10.1109/Trustcom/BigDataSE/ICESS.2017.283
  • Aufmann, C., (2016). Designing for trust : airbnb design [WWW Document]. Airbnb, URL. http://airbnb.design/designing-for-trust/.
  • Avital, M., King, J.L., Beck, R., Rossi, M., Teigland, R., (2016). Jumping on the blockchain bandwagon: lessons of the past and outlook to the future panel. In: ICIS 2016 Proceedings. Ba, S., Pavlou, P.A.
  • Baek, C., Elbeck, M., (2014). Bitcoins as an investment or speculative vehicle? A first look. Applied Economics Letters, 1–5, https://doi.org/10.1080/13504851.2014.916379.
  • Ballús-Armet, I., Shaheen, S.A., Clonts, K., Weinzimmer, D., (2014). Peer-to-peer carsharing. Transportation Research Journal, 2416, 27–36. https://doi.org/ 10.3141/2416-04.
  • Bardhi, F., Eckhardt, G.M., (2012). Access-based consumption: the case of car sharing. Journal of Consumer Research, 39, 881–898. https://doi.org/10.1086/666376. David, B. and Migliore, P., (2018). Innovate or stagnate: digitalisation in investment management. Journal of Securities Operations & Custody, 10, 18-28.
  • Beck, R., Stenum Czepluch, J., Lollike, N., Malone, S., (2016). Blockchain - the gateway to trust-free cryptographic transactions. In: ECIS 2016 Proceedings.
  • Belk, R.W., (2014a). Sharing versus pseudo-sharing in web 2.0. Anthropologist, 18, 7– 23. https://doi.org/10.13140/RG.2.1.1630.3842.
  • Belk, R.W., (2014b). You are what you can access: sharing and collaborative consumption online. Journal of Business Research, 67, 1595–1600. https://doi.org/10.1016/j. jbusres.2013.10.001.
  • Belk, R.W., Sharing., (2010). Why Not Share Rather than own? Journal of Consumer Research. 36, 715–734. https://doi.org/10.1086/ 612649.
  • Belk, R.W., (2007). Annals of American Academy of Political and Social Sciences, 611, 126–140. https://doi.org/10.2307/25097913.
  • Bellare, M., Namprempre, C., Neven, G., (2009). Security proofs for identity-based identification and signature schemes. Journal of Cryptology, 22, 1–61. https://doi.org/ 10.1007/s00145-008-9028-8.
  • Benbasat, I., Zmud, R.W., (2003). The identity crisis within the is discipline: defining and communicating the discipline’s core properties. MIS Quarterly. 27, 183–194.
  • Berg, J., Dickhaut, J., McCabe, K., (1995). Trust, reciprocity, and social history. Games and Economic Behavior, 10(1), 122-142. 10.1006/game.1995.1027.
  • Bogner, A., Chanson, M., Meeuw, A., (2016). A decentralised sharing app running a smart contract on the ethereum blockchain. In: Proceedings of the 6th International Conference on the Internet of Things – IoT’16, 177–178. doi:10.1145/2991561.2998465
  • Böhme, R., Christin, N., Edelman, B., Moore, T., (2015). Bitcoin: economics, technology, and governance. Journal of Economic Perspective, 29, 213–238. https://doi.org/ 10.1257/jep.29.2.213.
  • Bolton, G.E., Katok, E., Ockenfels, A., (2004). How effective are electronic reputation mechanisms? an experimental investigation. Management Science, 50, 1587–1602. https://doi.org/10.1287/mnsc.1030.0199.
  • Botsman, R., (2016). We’ve stopped trusting institutions and started trusting strangers [WWW Document]. TED. URL https://www.ted.com/talks/rachel_ botsman_we_ve_stopped_trusting_institutions_and_started_trusting_ strangers#t-715217.
  • Botsman, R., (2013). The sharing economy lacks a shared definition [WWW Document]. fastcoexist.com. https://www.fastcoexist.com/3022028/the- sharing-economy-lacks-a-shared-definition
  • Botsman, R., Rogers, R., (2010). What’s mine is yours: the rise of collaborative consumption. HarperCollins Publishers. Castelfranchi, C., Falcone, R. Trust Theory: a Socio-Cognitive and Computational Model.
  • Cheng, M., (2016). Sharing economy: a review and agenda for future research. International Journal of Hospitality Management. 57, 60–70. https://doi.org/10.1016/j.ijhm.2016.06.003.
  • Chica, M., Chiong, R., Adam, M.T.P., Damas, S., Teubner, T., (2017). An evolutionary trust game for the sharing economy. IEEE Congress, Evolutionary Computing (CEC ) – Proc. 2510–2517. doi:10.1109/CEC.2017.7969610
  • Christopher, C. M., (2019). The bridging model: exploring the roles of trust and enforcement in banking, bitcoin, and the blockchain. Nevada Law Journal, 17, 139-151.
  • Cocco, L., Pinna, A., Marchesi, M., (2017). Banking on blockchain: costs savings thanks to the blockchain. Future Internet, 25(9); doi:10.3390/fi9030025, www.mdpi.com/journal/futureinternetFuture Internet.
  • Connolly, A.J., Kick, A., (2015). What differentiates early organization adopters of bitcoin from non-adopters? In: AMCIS 2015 Proceedings. 1–6. doi:10.13140/RG.2.1.4730.8645
  • Davidson, S., De Filippi, P., Potts, J., (2016). Economics of blockchain. Social Sciences Research Network, 1–23. https://doi.org/10.2139/ssrn.2744751.
  • Dan, B., (2015). Blockchain manoeuvres: applying bitcoin's technology to banking. The Banker, May 15, https://www.thebanker.com/TransactionsTechnology/Technology/Blockchain-manoeuvres-applying-Bitcoin-s-technology-to-banking?ct=true, 25.06.21
  • Dinger, J., Hartenstein, H., (2006). Defending the sybil attack in P2P networks: Taxonomy, challenges, and a proposal for self-registration. In: ARES 2006 Proceedings. 756–763. doi:10.1109/ARES.2006.45
  • Douceur, J.R., (2002). The sybil attack. in: international workshop on peer-to-peer systems. International Workshop on Peer-to-Peer Systems IPTPS 2002: Peer-to-Peer Systems pp 251-260, doi: 10.1016/S0140-6736(07)60784-3.
  • Dredge, D., Gyimóthy, S., (2015). The collaborative economy and tourism: Critical perspectives, questionable claims and silenced voices. Tourism Recreation Research, 40, 286–302. https://doi.org/10.1080/02508281.2015.1086076.
  • Gandhi, H., More, R., Patil, N., (2019). A blockchain in banking application, Global Journal for Research Analysis, 8(4), 265-276.
  • Galyna, A., Iryna, S., (2018). The influence of financial technologies on the global financial system stability. Investment Management and Financial Innovations, 15(4), 229-238, DOI:10.21511/imfi.15(4).2018.19
  • Gupta, A., Gupta, S., (2018). Blockchain technology: application in Indian banking sector. Delhi Business Review, 19(2), 89-94. Deng, C., Ravichandran, T., (2017). How consumers perceive trustworthiness of providers in sharing economy: effects of photos and comments on demand at airbnb. In: AMCIS 2017 Proceedings.
  • Hassani, H., Huang, X., Silva, E., (2018). Banking with blockchained big data. Journal of Management Analytics, 5(4), 256-275.
  • Hayati, Y., Mai, F. M., Badrul, M., Zulnurhaini, Z., (2018). Behavioral intention to adopt blockchain technology: viewpoint of the banking institutions in Malaysia. International Journal of Advanced Scientific Research and Management, 3(10), 368-377.
  • Ittay, E., (2017). Blockchain technology: transforming libertarian cryptocurrency dreams to finance and banking realities, The IEEE Computer Society,50(9), DOI: 10.1109/MC.2017.3571042 Chan, S., Chu, J., Nadarajah, S., Osterrieder, J., (2017). A Statistical Analysis of Cryptocurrencies. Journal of Risk Finance and Management, 10, 12- 23. https://doi.org/10.3390/ jrfm10020012. Meenakshi, K., George, A. R. et. al., (2018). Green banking through blockchain. International Journal of Research and Analytical Reviews, 1 (12). 212-220.
  • Liang, L.J., Choi, H.C., Joppe, M., (2018). Exploring the relationship between satisfaction, trust and switching intention, repurchase intention in the context of Airbnb. International Journal of Hospitality Management, 69, 41–48. https://doi.org/10.1016/j. ijhm.2017.10.015.
  • Litos, O.S.T., Zindros, D., (2017). Trust is risk: a decentralized financial trust platform. In: Kiayias, A. (Ed.), Financial Cryptography and Data Security. Springer International Publishing, Cham, 340–356.
  • Lu, Y., Zhao, L., Wang, B., (2010). From virtual community members to C2C e- commerce buyers: Trust in virtual communities and its effect on consumers’ purchase intention. Electronic Commercial Research Applications, 9, 346–360. https://doi.org/ 10.1016/j.elerap.2009.07.003.
  • Ma, S., Guo, C., et. al., (2018). Nudging data privacy management of open banking based on blockchain. International Symposium on Pervasive Systems, Algorithms and Networks (I-SPAN), Project:Blockchain technologies and applications, October 2018, DOI: 10.1109/I-SPAN.2018.00021
  • Mohite, V., (2018). Reducing uncertainty in trade and deciphering future challenges in banking industry through application of blockchain technology. International Bulletin of Management and Economics, 9, special issue, 49-55.
  • N. Popova, N. G. Butakova, (2019). Research of a possibility of using blockchain technology without tokens to protect banking transactions Computer Science 2019 IEEE Conference of Russian Young Researchers in Electrical and Electronic Engineering (EIConRus), DOI:10.1109/EICONRUS.2019.8657279
  • Notheisen, B., Cholewa, J.B., Shanmugam, A.P., (2017a). Trading real-world assets on blockchain. Business Information Systems Engineering, 59, 425–440. https://doi.org/10.1007/s12599- 017-0499-8.
  • Notheisen, B., Hawlitschek, F., Weinhardt, C., (2017b). Breaking down the blockchain hype – towards a blockchain market engineering approach. In: ECIS 2017 Proceedings.
  • Nunes, M., Correia, J., (2013). Improving trust using online credibility sources and social network quality in P2P marketplaces. Information Systems Technology (CISTI), 8th Iber. Conf. 1–4.
  • Oh, J.S., Shong, I., (2017). A case study on business model innovations using blockchain: focusing on financial institutions. Asia Pacific Journal of Innovation and Entrepreneurship, 11(3), 335-344.
  • Rega, F. G., Riccardi, N., (2018). Blockchain in the banking industry: an Overview, White Paper, https://www.researchgate.net/profile/FedericoRega/publication/327601993_Blockchain_in_the_banking_industry_an_Overview/links/5bfefaeaa6fdcc1b8d49f252/Blockchain-in-the-bankingindustry-an-Overview.pdf
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There are 59 citations in total.

Details

Primary Language English
Subjects Finance, Business Administration
Journal Section Articles
Authors

Arun Khatri This is me 0000-0002-5895-7951

Anjali Kaushik This is me 0000-0002-7987-4602

Publication Date September 30, 2021
Published in Issue Year 2021

Cite

APA Khatri, A., & Kaushik, A. (2021). SYSTEMATIC LITERATURE REVIEW ON BLOCKCHAIN ADOPTION IN BANKING. Journal of Economics Finance and Accounting, 8(3), 126-146. https://doi.org/10.17261/Pressacademia.2021.1458

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