Are We Blockchain Ready: A Systematic Review
ISPIM Conference Proceedings, 2018
Posted: 7 Jul 2020
Date Written: 2018
Abstract
It has been a decade since blockchain is introduced to the world by Satoshi Nakamoto. Are we ready to adopt the technology and build new things on top of it by now? Would blockchain change how we change things if we could organise ourselves in a trustless system? To answer these questions, we conduct a systematic review of the literature to study all the relevant blockchain research from our colleagues. We identify three factors that could provide the required conditions for blockchain to be adopted more readily among industries and societies as a means to establish trust: a legal framework, deep understanding, and evidence-based benefit. We further discuss the implication of blockchain to our understanding of innovation, and the opportunities and challenges we are facing today with too many initiatives and ideas.
Keywords: blockchain; distributed ledger technology; smart contracts; trust; adoption; decentralisation, innovation, systematic review
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