Assessing the Potential Usages of Blockchain to Transform Smart Bangladesh: A PRISMA Based Systematic Review
Abstract
In recent years, both researchers and internet users have been attracted to the concept of blockchain technology for transforming smart Bangladesh. This study focuses on the possibilities of blockchain technology leading to the transformation of Bangladesh into a smart nation. This article also explains the working procedure and potential usage of the blockchain concept in Bangladesh. The study is mainly focused on qualitative approaches. The researcher used the PRISMA 2020 platform to identify and choose relevant studies and reports from indexed publications. As the idea of block chain technology is very new and not being adopted by all the sectors of Bangladesh's economy, that’s why only secondary data were used to conduct the study. The researcher has tried to find the different potential areas of blockchain technology from such developing countries like Bangladesh. The potential areas, such as the supply chain management, voting system, and health care industry, where blockchain can be implemented by introducing different polices and regulations. From the implication point of view, blockchain technology might be implemented to transform smart Bangladesh within 2041 if adequate regulations can be undertaken by concerned authority. This revolutionary technology has great potential and has recently caused upheaval. Based on the descriptive study, some of the relevant recommendations including suggestions for reducing challenges of using blockchain are discussed and future research works can be continued in both academic and business sectors in Bangladesh based on this finding.
Downloads
References
M. H. Tabatabaei, R. Vitenberg, and N. R. Veeraragavan, “Understanding blockchain: definitions, architecture, design, and system comparison.” arXiv, Jul. 26, 2023. doi: 10.48550/arXiv.2207.02264.
S. Srivastava, M. Pant, S. K. Jauhar, and A. K. Nagar, “Analyzing the Prospects of Blockchain in Healthcare Industry,” Comput. Math. Methods Med., vol. 2022, p. 3727389, 2022, doi: 10.1155/2022/3727389.
D. Kimani, K. Adams, R. Attah-Boakye, S. Ullah, J. Frecknall-Hughes, and J. Kim, “Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?,” Technol. Forecast. Soc. Change, vol. 161, no. C, 2020, Accessed: Nov. 29, 2023.
S. Alnıpak and Y. Toraman, “Analysing the intention to use blockchain technology in payment transactions of Turkish maritime industry,” Qual. Quant., pp. 1–21, Sep. 2023, doi: 10.1007/s11135-023-01735-3.
T. Shine, J. Thomason, I. Khan, M. Maher, K. Kurihara, and O. El-Hassan, “Blockchain in Healthcare: 2023 Predictions From Around the Globe,” Blockchain Healthc. Today, vol. 6, 2023, doi: 10.30953/bhty.v6.245.
T. M. Tan and S. Saraniemi, “Trust in blockchain-enabled exchanges: Future directions in blockchain marketing,” J. Acad. Mark. Sci., vol. 51, no. 4, pp. 914–939, Jul. 2023, doi: 10.1007/s11747-022-00889-0.
T. Bosona and G. Gebresenbet, “The Role of Blockchain Technology in Promoting Traceability Systems in Agri-Food Production and Supply Chains,” Sensors, vol. 23, no. 11, Art. no. 11, Jan. 2023, doi: 10.3390/s23115342.
N. Iman, “Is mobile payment still relevant in the fintech era?,” Electron. Commer. Res. Appl., vol. 30, pp. 72–82, Jul. 2018, doi: 10.1016/j.elerap.2018.05.009.
Most. S. Akter, A. Amin, M. R. I. Bhuiyan, T. Poli, and R. Hossain, “Web-based Banking Services on E-Customer Satisfaction in Private Banking Sectors: A Cross-Sectional Study in Developing Economy,” Migr. Lett., vol. 20, pp. 894–911, Oct. 2023, doi: 10.47059/ml.v20iS3.3976.
R. Maestre, J. Bermejo, N. Gómez, J. Higuera, J. A. Montalvo, and L. Palma, “The application of blockchain algorithms to the management of education certificates,” Evol. Intell., vol. 16, pp. 1–18, Dec. 2022, doi: 10.1007/s12065-022-00812-0.
R. Johari, V. Kumar, K. Gupta, and D. P. Vidyarthi, “BLOSOM: BLOckchain technology for Security Of Medical records,” ICT Express, vol. 8, no. 1, p. 56, 2021.
R. Hoek, “Unblocking the chain – findings from an executive workshop on blockchain in the supply chain,” Supply Chain Manag. Int. J., vol. 25, Jun. 2019, doi: 10.1108/SCM-11-2018-0383.
P. Dutta, T.-M. Choi, S. Somani, and R. Butala, “Blockchain technology in supply chain operations: Applications, challenges and research opportunities,” Transp. Res. Part E Logist. Transp. Rev., vol. 142, p. 102067, Oct. 2020, doi: 10.1016/j.tre.2020.102067.
A. Gurtu and J. Johny, “Potential of blockchain technology in supply chain management: a literature review,” vol. 49, pp. 881–900, Nov. 2019, doi: 10.1108/IJPDLM-11-2018-0371.
K. Lee, J. James, T. Ejeta, and H. Kim, “Electronic Voting Service Using Block-Chain,” J. Digit. Forensics Secur. Law, 2016, doi: 10.15394/jdfsl.2016.1383.
S. Zhang, L. Wang, and H. Xiong, “Chaintegrity: blockchain-enabled large-scale e-voting system with robustness and universal verifiability,” Int. J. Inf. Secur., vol. 19, no. 3, pp. 323–341, Jun. 2020, doi: 10.1007/s10207-019-00465-8.
C. Pirtle and J. Ehrenfeld, “Blockchain for Healthcare: The Next Generation of Medical Records?,” J. Med. Syst., vol. 42, no. 9, p. 172, Aug. 2018, doi: 10.1007/s10916-018-1025-3.
H. S. Chen, J. T. Jarrell, K. A. Carpenter, D. S. Cohen, and X. Huang, “Blockchain in Healthcare: A Patient-Centered Model,” Biomed. J. Sci. Tech. Res., vol. 20, no. 3, pp. 15017–15022, 2019.
A. E. Matenga and K. Mpofu, “Blockchain-based Product Lifecycle Management using Supply Chain Management for Railcar Remanufacturing,” Procedia CIRP, vol. 116, pp. 486–491, Jan. 2023, doi: 10.1016/j.procir.2023.02.082.
Z. Tasnim, M. Shareef, A. Baabdullah, A. B. Abdul Hamid, and Y. Dwivedi, “An Empirical Study on Factors Impacting the Adoption of Digital Technologies in Supply Chain Management and What Blockchain Technology Could Do for the Manufacturing Sector of Bangladesh,” Inf. Syst. Manag., vol. 40, pp. 1–23, Feb. 2023, doi: 10.1080/10580530.2023.2172487.
E. Hodzic et al., “Steroids for the treatment of viral encephalitis: a systematic literature review and meta-analysis,” J. Neurol., vol. 270, no. 7, pp. 3603–3615, Jul. 2023, doi: 10.1007/s00415-023-11715-0.
S. López-Sorribes, J. Rius-Torrentó, and F. Solsona-Tehàs, “A Bibliometric Review of the Evolution of Blockchain Technologies,” Sensors, vol. 23, no. 6, Art. no. 6, Jan. 2023, doi: 10.3390/s23063167.
F. I. Anik, N. Sakib, H. Shahriar, Y. Xie, H. A. Nahiyan, and S. I. Ahamed, “Unraveling a blockchain-based framework towards patient empowerment: A scoping review envisioning future smart health technologies,” Smart Health Amst. Neth., vol. 29, p. 100401, Sep. 2023, doi: 10.1016/j.smhl.2023.100401.
M. Whaiduzzaman et al., “A Review of Emerging Technologies for IoT-Based Smart Cities,” Sensors, vol. 22, no. 23, Art. no. 23, Jan. 2022, doi: 10.3390/s22239271.
N. R. Haddaway, M. J. Page, C. C. Pritchard, and L. A. McGuinness, “PRISMA2020: An R package and Shiny app for producing PRISMA 2020-compliant flow diagrams, with interactivity for optimised digital transparency and Open Synthesis,” Campbell Syst. Rev., vol. 18, no. 2, p. e1230, 2022, doi: 10.1002/cl2.1230.
T. Hovorushchenko, A. Moskalenko, and V. Osyadlyi, “Methods of medical data management based on blockchain technologies,” J. Reliab. Intell. Environ., vol. 9, no. 1, pp. 5–16, Mar. 2023, doi: 10.1007/s40860-022-00178-1.
A. H. Mohsin et al., “Blockchain authentication of network applications: Taxonomy, classification, capabilities, open challenges, motivations, recommendations and future directions,” Comput. Stand. Interfaces, vol. 64, pp. 41–60, May 2019, doi: 10.1016/j.csi.2018.12.002.
A. Anselmo et al., “Implementation of Blockchain Technology Could Increase Equity and Transparency in Organ Transplantation: A Narrative Review of an Emergent Tool,” Transpl. Int., vol. 36, p. 10800, 2023, doi: 10.3389/ti.2023.10800.
T. King, D. Koutmos, and F. S. Stentella Lopes, “Cryptocurrency Mining Protocols: A Regulatory and Technological Overview,” in Disruptive Technology in Banking and Finance: An International Perspective on FinTech, T. King, F. S. Stentella Lopes, A. Srivastav, and J. Williams, Eds., in Palgrave Studies in Financial Services Technology. , Cham: Springer International Publishing, 2021, pp. 93–134. doi: 10.1007/978-3-030-81835-7_4.
D. Livingston, V. Sivaram, M. Freeman, and M. Fiege, “Applying Blockchain Technology to Electric Power Systems,” 2018.
A. Kaur, G. Singh, V. Kukreja, S. Sharma, S. Singh, and B. Yoon, “Adaptation of IoT with Blockchain in Food Supply Chain Management: An Analysis-Based Review in Development, Benefits and Potential Applications,” Sensors, vol. 22, no. 21, Art. no. 21, Jan. 2022, doi: 10.3390/s22218174.
M. H. Riza Chakim, Aliyah, M. A. D. Yuda, R. Fahrudin, and D. Apriliasari, “Secure and Transparent Elections: Exploring Decentralized Electronic Voting on P2P Blockchain,” ADI J. Recent Innov. AJRI, vol. 5, no. 1Sp, pp. 54–67, Aug. 2023, doi: 10.34306/ajri.v5i1Sp.959.
U. Jafar, M. J. Ab Aziz, Z. Shukur, and H. A. Hussain, “A Systematic Literature Review and Meta-Analysis on Scalable Blockchain-Based Electronic Voting Systems,” Sensors, vol. 22, no. 19, Art. no. 19, Jan. 2022, doi: 10.3390/s22197585.
A. Alshehri, M. Baza, G. Srivastava, W. Rajeh, M. Alrowaily, and M. Almusali, “Privacy-Preserving E-Voting System Supporting Score Voting Using Blockchain,” Appl. Sci., vol. 13, no. 2, Art. no. 2, Jan. 2023, doi: 10.3390/app13021096.
C. A. Lee, K. M. Chow, H. A. Chan, and D. P.-K. Lun, “Decentralized governance and artificial intelligence policy with blockchain-based voting in federated learning,” Front. Res. Metr. Anal., vol. 8, 2023, Accessed: Nov. 29, 2023. [Online]. Available: https://www.frontiersin.org/articles/10.3389/frma.2023.1035123
A. Mohey Eldin, E. Hossny, K. Wassif, and F. A. Omara, “Federated blockchain system (FBS) for the healthcare industry,” Sci. Rep., vol. 13, no. 1, Art. no. 1, Feb. 2023, doi: 10.1038/s41598-023-29813-4.
V. Merlo, G. Pio, F. Giusto, and M. Bilancia, “On the exploitation of the blockchain technology in the healthcare sector: A systematic review,” Expert Syst. Appl., vol. 213, p. 118897, Mar. 2023, doi: 10.1016/j.eswa.2022.118897.
P. Sharma, S. Namasudra, R. Gonzalez Crespo, J. Fuente, and (Dr.) Munesh Trivedi, “EHDHE: Enhancing Security of Healthcare Documents in IoT-enabled Digital Healthcare Ecosystems using Blockchain,” vol. 629, pp. 703–718, Feb. 2023, doi: 10.1016/j.ins.2023.01.148.
T. Mokhamed, M. A. Talib, M. A. Moufti, S. Abbas, and F. Khan, “The Potential of Blockchain Technology in Dental Healthcare: A Literature Review,” Sensors, vol. 23, no. 6, Art. no. 6, Jan. 2023, doi: 10.3390/s23063277.
A. Rodríguez Furones and J. Ignacio Tejero Monzón, “Blockchain applicability in the management of urban water supply and sanitation systems in Spain,” J. Environ. Manage., vol. 344, p. 118480, Oct. 2023, doi: 10.1016/j.jenvman.2023.118480.
R. Sultana and Most. S. Akter, “Impact of Effective Inventory Management on Supply Chain Performance,” Dhaka Univ. J. Bus. Stud., vol. XLIII, no. 1, pp. 121–143, Apr. 2022, doi: http://doi.org/10.3329/dujbst.v43i1.68486.
H. S. Hassan, R. Hassan, and E. K. Gbashi, “E-voting System Based on Ethereum Blockchain Technology Using Ganache and Remix Environments,” Eng. Technol. J., vol. 41, no. 4, pp. 562–577, Apr. 2023, doi: 10.30684/etj.2023.135464.1273.
M. Pandey, M. Velmurugan, G. Sathi, A. R. Abbas, N. Zebo, and T. Sathish, “Blockchain Technology: Applications and Challenges in Computer Science,” E3S Web Conf., vol. 399, p. 04035, 2023, doi: 10.1051/e3sconf/202339904035.
E. Dulce Villarreal, J. Garcia-Alonso, E. Moguel, and J. Hurtado, “Blockchain for Healthcare Management Systems: A Survey on Interoperability and Security,” IEEE Access, vol. PP, pp. 1–1, Jan. 2023, doi: 10.1109/ACCESS.2023.3236505.
L. Muthusamy and G. Mala, “Merkle tree-blockchain-assisted privacy preservation of electronic medical records on offering medical data protection through hybrid heuristic algorithm,” Knowl. Inf. Syst., pp. 1–29, Sep. 2023, doi: 10.1007/s10115-023-01937-z.
Most. S. Akter, M. R. I. Bhuiyan, S. Tabassum, S. M. Alam, M. N. Milon, and M. Hoque, “Factors Affecting Continuance Intention to Use E- wallet among University Students in Bangladesh,” vol. 71, pp. 274–288, Jun. 2023, doi: 10.14445/22315381/IJETT-V71I6P228.
S. M. Alam, M. R. I. Bhuiyan, S. Tabassum, and M. Islam, “Factors Affecting Users’ Intention to Use Social Networking Sites: A Mediating Role of Social Networking Satisfaction,” vol. 4, pp. 112–124, Oct. 2022, doi: 10.34104/cjbis.022.01120124.
M. S. Farooq et al., “Consortium Framework Using Blockchain for Asthma Healthcare in Pandemics,” Sensors, vol. 22, no. 21, Art. no. 21, Jan. 2022, doi: 10.3390/s22218582.
Y. Han, Y. Zhang, and S. H. Vermund, “Blockchain Technology for Electronic Health Records,” Int. J. Environ. Res. Public. Health, vol. 19, no. 23, Art. no. 23, Jan. 2022, doi: 10.3390/ijerph192315577.
Z. Qadir, K. N. Le, N. Saeed, and H. S. Munawar, “Towards 6G Internet of Things: Recent advances, use cases, and open challenges,” ICT Express, vol. 9, no. 3, pp. 296–312, Jun. 2023, doi: 10.1016/j.icte.2022.06.006.
M. R. I. Bhuiyan, Most. S. Akter, and S. Islam, “How does digital payment transform society as a cashless society? An empirical study in the developing economy,” J. Sci. Technol. Policy Manag., Jan. 2024, doi: 10.1108/JSTPM-10-2023-0170.
P. Centobelli, R. Cerchione, P. Del Vecchio, E. Oropallo, and G. Secundo, “Blockchain technology design in accounting: Game changer to tackle fraud or technological fairy tale?,” Account. Audit. Account. J., vol. ahead-of-print, Dec. 2021, doi: 10.1108/AAAJ-10-2020-4994.
O. Said, “LBSS: A Lightweight Blockchain-Based Security Scheme for IoT-Enabled Healthcare Environment,” Sensors, vol. 22, no. 20, Art. no. 20, Jan. 2022, doi: 10.3390/s22207948.
Abstract views: 1651 times
Download PDF: 919 times
Copyright (c) 2024 Journal of Information Systems and Informatics
This work is licensed under a Creative Commons Attribution 4.0 International License.
- I certify that I have read, understand and agreed to the Journal of Information Systems and Informatics (Journal-ISI) submission guidelines, policies and submission declaration. Submission already using the provided template.
- I certify that all authors have approved the publication of this and there is no conflict of interest.
- I confirm that the manuscript is the authors' original work and the manuscript has not received prior publication and is not under consideration for publication elsewhere and has not been previously published.
- I confirm that all authors listed on the title page have contributed significantly to the work, have read the manuscript, attest to the validity and legitimacy of the data and its interpretation, and agree to its submission.
- I confirm that the paper now submitted is not copied or plagiarized version of some other published work.
- I declare that I shall not submit the paper for publication in any other Journal or Magazine till the decision is made by journal editors.
- If the paper is finally accepted by the journal for publication, I confirm that I will either publish the paper immediately or withdraw it according to withdrawal policies
- I Agree that the paper published by this journal, I transfer copyright or assign exclusive rights to the publisher (including commercial rights)
_1.png){kind=logo}
