Systematic Literature Review on Innovations and Risks in Financial Blockchain Applications

The increasing acclaim of blockchain technology has given way to its adoption in various industries, including the financial sector. Blockchain technology has the potential to revolutionize traditional financial systems by improving transparency, security, and efficiency. However, implementing blockchain in the financial sector has also raised concerns about the associated risks and challenges. This study focuses on conducting a systematic literature review to explore the innovations and risks associated with financial blockchain applications. The study will analyze the pre-existing literature published on the topic while providing an overview of the present research condition. The outcomes of this study will furnish a clear and complete overview of the vital patterns and matters regarding the integration of blockchain technology in finance. The research findings will be beneficial for industry professionals, decision-makers, and academics to gain a thorough understanding of the impact of blockchain technology on finance and make knowledgeable choices about its implementation. This investigation will add to the current knowledge base by offering a comprehensive picture of the current state of research on advancements and hazards in financial blockchain applications.