Blockchain for Businesses: A Systematic Literature Review

This study tries to address the literature gap of what blockchain can offer to businesses in relation to consumers (B2C), businesses (B2B) and governments (B2G) through systematic literature review on blockchain. The review covers 40 articles from business, management and accounting peer review journals recognized by Scopus database. The review highlights how blockchain will facilitate instant payments, trusted interfaces and traceability of goods for the consumers. Businesses can use blockchain for snapshot sharing, machine-to-machine transactions, accounting, business process management and provenance traceability. Blockchain technology creating new business opportunities in government sector such as digital storage, authentication and maintenance of records; smart trust codification; new market for digital payment services and global commerce.