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

Article


Ali, Omar, Ally, Mustafa, 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, pp. 1-19. https://doi.org/10.1016/j.ijinfomgt.2020.102199
Article Title

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

ERA Journal ID17947
Article CategoryArticle
AuthorsAli, Omar (Author), Ally, Mustafa (Author), Clutterbuck, . (Author) and Dwivedi, Yogesh (Author)
Journal TitleInternational Journal of Information Management
Journal Citation54, pp. 1-19
Article Number102199
Number of Pages19
Year2020
Place of PublicationUnited Kingdom
ISSN0268-4012
1873-4707
Digital Object Identifier (DOI)https://doi.org/10.1016/j.ijinfomgt.2020.102199
Web Address (URL)https://www.sciencedirect.com/science/article/pii/S0268401219310928
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.

KeywordsBlockchain technology; Blockchain benefits; Blockchain challenges; Blockchain functionality; Financial technologies
ANZSRC Field of Research 2020460999. Information systems not elsewhere classified
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Byline AffiliationsAmerican University of the Middle East, Kuwait
University of Southern Queensland
University of Queensland
Swansea University, United Kingdom
Institution of OriginUniversity of Southern Queensland
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A framework for assessing payment security mechanisms and security information on e-commerce web sites
Ally, Mustafa and Toleman, Mark. 2005. "A framework for assessing payment security mechanisms and security information on e-commerce web sites." Wei, Chih-Ping and Yen, Benjamin (ed.) 9th Pacific Asia Conference on Information Systems (PACIS 2005). Bangkok, Thailand 07 - 10 Jul 2005 Hong Kong.
Web publishing: an extreme, agile experience
Toleman, Mark, Darroch, Fiona and Ally, Mustafa. 2005. "Web publishing: an extreme, agile experience." Baskerville, Richard, Mathiassen, Lars, Pries-Heje, Jan and DeGross, Janice (ed.) Business agility and information technology diffusion. New York, NY. International Federation for Information Processing. pp. 245-256
Attitudes towards information privacy
Cockcroft, Sophie and Clutterbuck, Peter. 2001. "Attitudes towards information privacy." 12th Australasian Conference on Information Systems (ACIS 2001). Coffs Harbour, Australia 04 - 07 Dec 2001 Australia.