Title: Application of blockchain technology in banking: a systematic literature review

Authors: Sukanya Wadhwa; Seshadev Sahoo

Addresses: Department of Accounting and Finance, Indian Institute of Management Lucknow (IIM), Prabandh Nagar, Sitapur Road, Lucknow (Uttar Pradesh), 226013, India ' Department of Accounting and Finance, Indian Institute of Management Lucknow (IIM), Room No. 213, Chintan Block, Prabandh Nagar, Off-sitapur Road, Lucknow-226013 (UP), India

Abstract: Blockchain is one of the latest disruptive innovations that got recognition with the rise of cryptocurrency, especially bitcoin. Blockchain got traction from people when Bitcoin was introduced in the market, and since then, the technology has been used for several purposes, the most common being banking. The objective of this study will be to provide insights into how blockchain is employed in the banking sector. Four databases were used for this study. These databases include Web of Science, Dimensions, EBSCOhost, and ProQuest. After filtering the database, we retrieved 146 articles to explore the impact of blockchain on banking. Secondly, we conducted a bibliometric analysis of these filtered articles to identify common themes, country of study, and the years when blockchain in banking became prominent. The conclusion includes the implications of the study for further research purposes. This study extends the previous study and provides insights for future studies.

Keywords: blockchain; cryptocurrency; banking.

DOI: 10.1504/IJCA.2023.138030

International Journal of Critical Accounting, 2023 Vol.13 No.4, pp.281 - 292

Received: 05 Dec 2022
Accepted: 21 Oct 2023
Published online: 17 Apr 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article