Decoding the cost factors of blockchain through digital transition – Insights from a systematic literature review of the years 2020-2024

Nagy, Péter ORCID: https://orcid.org/0000-0003-2669-0380, Nagy, Adrián Szilárd ORCID: https://orcid.org/0000-0002-3813-9759 and Tumiwa, Johan Reineer ORCID: https://orcid.org/0000-0002-3246-0453 (2025) Decoding the cost factors of blockchain through digital transition – Insights from a systematic literature review of the years 2020-2024. Vezetéstudomány - Budapest Management Review, 56 (7-8). pp. 28-41. DOI https://doi.org/10.14267/VEZTUD.2025.07-08.03

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Official URL: https://doi.org/10.14267/VEZTUD.2025.07-08.03

Abstract

The authors’ research objective was to investigate the use of blockchain technology in the financial industry, considering its associated costs. They conducted a systematic literature review in accordance with the PRISMA (Preferred Reporting Items for Systematic Reviews) guidelines, selecting 74 relevant articles. Using thematic keyword analysis with VOSviewer, they developed a Conceptual Framework for Blockchain Cost Impact in the Financial Industry and categorized the costs into three categories: Technology Development and Maintenance Costs, Testing and Quality Assurance, and Compliance and Legal Costs. This framework aims to facilitate future research and practical applications by identifying cost efficiencies and navigating regulatory challenges, ultimately supporting informed decisions on blockchain’s integration in the financial sector.

Item Type:

Article

Uncontrolled Keywords:

blockchain, compliance, cost, financial industry, SLR (Systematic Literature Review)

Subjects:

Finance

DOI:

https://doi.org/10.14267/VEZTUD.2025.07-08.03

ID Code:

11530

Deposited By:

Alexa Horváth