A systematic literature review: benefits and challenges of blockchain-based digital transformation

Abstract

Digital transformation has emerged as an important research area in strategic IS research. Digital transformation has made profound impacts on many industries with digital technologies. Blockchain could play a vital role in the digital transformation strategy for enterprises by providing security-rich data sharing, dynamic applications, and decentralized identity. Currently, the research on blockchain-based digital transformation is still in its infancy. The current literature provides limited knowledge and empirical evidence to explain how blockchain technologies empower organizational digital transformation. This study conducts a systematic literature review to study the current state-of-the-art on the digital transformation of blockchain and identifies the benefits and challenges of blockchain-based digital transformation.