Search results

This study aims to give a glimpse of the existing blockchain applications across industries and add to a complete knowledge of the blockchain’s properties.

Systematic literature review is used as the research strategy for this investigation and other aspects of the preferred reporting items for systematic reviews and meta-analyses framework have been incorporated to create a scholarly publications evaluation of the blockchain-based application in the financial arena and its future. The research looks at 86 studies published between 2018 and 2022.

There has been a steady but noticeable increase in the study of blockchain’s potential in many application domains over the past few of years. This rising tendency illustrates the newness and potential of blockchain technology, as well as the increasing attention from academics. According to the findings, blockchain is an appropriate solution for processing transactions using cryptocurrencies; nevertheless, it still has significant technical issues and limits that require to be exploring and solving before it can be considered a viable option. It is therefore, necessary to have a high level of reliability for payments and confidentiality, in addition to maintaining the anonymity of nodes, to stop assaults and efforts to disrupt transactions in the blockchain.

This study has several important theoretical and practical implications. First, it adds to the body of knowledge on blockchain and Fintech, focusing on the transaction side. While much blockchain research has focused on how the technology may affect strategic choices, this study has shed light on its potential from the perspective of financial reporting. Second, by highlighting the importance of the demand for the prompt identification of losses, this work adds to the body of knowledge on the factors that influence transaction frauds involving paper money. Additionally, by establishing the link between transparency and virtual transactions, the author backs up the asymmetric responses of investors to different investment possibilities. It looks at the evolution of financial technology (Fintech) and shows how it can be used to take the advantage of unique opportunities.

The study is different and novel from the previously published literature on this topic mainly because of its comprehensiveness, as it revolves around all industrial and commercial areas. The three main lines of research have been outlined, namely, classifying the many blockchain-based innovations that will alter the financial landscape in many industries; identifying whether these industries are a good fit for blockchain’s wealth creation potential; and directing researchers by outlining prospective study pathways.

This study aims to examine how specific regulatory indicators – such as regulatory quality, information and communications technology regulatory environment, regulation of emerging technologies, e-commerce legislation and privacy protection by law content – affect the economic outcomes, quality of life and sustainable development goals associated with future technologies, including artificial intelligence, robotics, big data analytics, cloud computing and app- and web-enabled markets.

Using Bayesian Belief Network models and Network Readiness Index 2023 data from 134 countries, this study explores the relationships between regulatory factors and various socioeconomic outcomes.

Regulatory quality and e-commerce legislation emerge as central determinants, directly or indirectly impacting economic development, societal well-being and sustainability objectives. Notably, regulatory quality is identified as a pivotal factor across all outcomes, emphasizing the critical role of effective regulatory frameworks in fostering positive outcomes.

The study relies on cross-sectional data, which restricts causal inference, and focuses on national-level data, potentially overlooking subnational variations. In addition, the use of secondary data sources introduces possible measurement errors and biases. Despite these constraints, the study offers valuable insights into regulatory strategies and their role in advancing economic and social outcomes.

The study highlights the importance of tailoring regulatory interventions to address specific needs and challenges faced by countries at different stages of development. The findings provide valuable insights for policymakers, regulatory authorities and stakeholders seeking to navigate the regulatory challenges and opportunities inherent in the era of rapid technological advancement. The study contributes to advancing the understanding of the complex interplay between regulation, technology and development outcomes in the contemporary global landscape.