Literature Review

Journal/ Conference: Mannheim University, Department of Information Systems

Title: A Comprehensive Literature Review on the Blockchain as a Technological Enabler for
Innovation
Author: Stephan K Johansen
Year: November 2017
Conclusion:
Researchers accept that Blockchain technology has some characteristics that can be used in
the financial sector, but in modern society, they still do not see the acceptable application of
Blockchain on a wide scale. Looking at the key principles, we find that among the most
common notions found in the literature are a modern innovation, decentralization, and digital
innovation. Research also points to technological characteristics as drivers for technology
disruption and innovation. Scalability is one of the key advantages of Blockchain technology,
which is also supported by scientists who ensure that a large number of nodes or network
participants are needed for theoretical achievement in the protection of the Blockchain. In
addition, research argues that the potential new form of institutional innovation may be the
Blockchain technology.

Journal/Conference: White Paper- Infosys

Title: Blockchain Technology and the Financial Services Market  
Author: Dr. Eric G. Krause, Denny Nack, Dr. Vivek K. Velamuri, Mortz Schmidt
Year: September 2017
Conclusion:
The innovation has the capacity to evacuate trusted third parties, diminish the taken a toll,
and eventually increment benefits for different players inside the industry. The inquiry about
recommends that in spite of the fact that open blockchain gives tall information security and
straightforwardness, they are generally moderate whereas preparing a tall number of
exchanges. On the other hand, Private blockchains empower higher exchange speeds and
more security but have lower security measures. At the time of this inquire about the
innovation was still in an early organize and had however to demonstrate itself in the hone.
Within the field of instalments and exchanges, the innovation may reshape the current
centralized managing account forms and lead to fetched investment funds. In exchange back,
the innovation may move forward the exchanging involvement by giving believe, security,
hazard moderation, and quick forms at lower costs. The innovation moreover has the
potential to update the showcase foundation and lead to the end of out-of-date showcase
members. One major necessity and challenge whereas making and rethinking these modern
trade models would be to oversee the moving stage from ancient to modern forms which
would consolidate blockchain arrangements effectively. One way of accomplishing this
would unquestionably be the participation with controllers in arrange to set up the legitimate
system that's critically required.
Journal/Conference: INCITE Conference, Amity University, India
Title:  Future Applications Of Blockchain: Toward A Value-Based Society.
Author: Dr. Gareth R.T. White, Kevin Brown  
Year: October 2016
Conclusion:
As a trustworthy open ledger that can be seen and managed by several people, Blockchain
can be described. The value of checking the transaction's authentication without any central
authority has shown a degree of robustness in blockchain technology that ensures and also
enables people to assume that their process can be trusted. A popular consensus among the
participants is achieved in an open blockchain, upon which only new data entries are allowed
to be added.
However, it was possible to create a blockchain that included records of other types of
interaction, such as instances of voluntary interaction or trade and barter between individuals
or groups. Within a blockchain, such actions can be registered and form an approach through
which people gain awareness of their actions that are beneficial to their society. Other
individuals within society will serve as independent verifiers of such activities and thus
provide the blockchain records with comprehensive and trustworthy proof. Social
blockchains will then serve as transparent representatives of individuals or organizations that
are of benefit to society. By participating in sociably beneficial acts, individuals or groups
would gain increased social value. This may be acts of hygiene provision, such as shelter,
sustenance, or assistance.

Journal/Conference: International Conference on Exploring Services Science, Italy 2017

Title: Blockchain Technology as an Enabler of Service Systems: A Structured Literature
Review
Author: Stefan Seebacher and Ronny Schüritz
Year: May 2017
Conclusion:
The open blockchain technology feature provides a trustworthy participant network where
data is openly exchanged across the network while maintaining data integrity and
immutability. Via pseudonymization, which creates a stable and flexible environment,
decentralization protects data and also provides privacy. Blockchain technology has many
beneficial features that facilitate the functioning of a service system effectively, such as
enabling value co-creation, ensuring knowledge availability, and providing consensus
mechanisms. It is expected that technology will have a huge effect on the financial sector in
the future and will lead to the formation of new service structures.

Journal/Conference: Consumer Finance Law Quarterly Report

Title: Is Disruptive Blockchain Technology the Future of Financial Services?
Author: Lawrence J. Trautman
Year: May 2017
Conclusion:
Some of the disruptive changes that are expected to occur in financial services due to rapid
technological developments are discussed in this article. In addition, along with a
description of blockchain technology, e.g., what it is and why it is relevant, virtual currencies
and the genesis of Bitcoin are discussed. A brief mention of the regulatory challenges to the
adoption of this new technology is included in the article. Many politicians are trying to get
a deeper understanding of the probability that their respective jurisdictions will gain traction
from using bitcoin (or other cryptocurrencies). He said that "laws and regulations could be
programmed into the blockchain itself in order to automatically enforce them." The ledger
will serve as legal proof for accessing (or storing) data in other circumstances as it is
computationally tamper proof.