A Systematic Literature Review of Blockchain Technology Adoption in Bangladesh

Abstract

The spirit of “blockchain technology” is a distributed database in which saved data is transparent, accountable, public, immutable, and traceable. This base-level disruptive technology can boost the security and privacy-related efficiency of various domains. As Bangladesh is currently aiming for sustainable development, blockchain technology adoption by the local researchers is growing robustly. However, in Bangladesh, the blockchain Technology Acceptance Model (TAM) is not yet well structured which is also limiting the perspective of local developers and researchers. Therefore, sectors like governance, healthcare, security, privacy, farming, information authentication, cryptocurrencies, internet architecture, data, and so on are unable to utilize the full potential of this technology. In this research, the authors conduct an in-depth review of such types of blockchain technology-related research articles that have been published recently and are also solely focused on Bangladesh. From 5 publishers (IEEE Xplore, ACM, ScienceDirect, Taylor & Francis, and SpringerLink) this study analyses 70 articles published during the year 2016-2020. The study results find the top 13 sectors where Bangladeshi researchers are currently focusing on. Those studies identify that the rigid policy by the government, scarcity of expert researchers, and lack of resources are the main reasons why Bangladesh is still struggling to accommodate blockchain extensively. In addition, published papers are mostly based on theoretical concepts without an appropriate implementation. Finally, this study will be a great resource to the developers, entrepreneurs, and technology enthusiasts to determine the strategic plan for adopting blockchain technology in Bangladesh or even to any other developing country.