Blockchain Technology for Higher Education and Recruitment: A Systematic Literature Review

Abstract

Blockchain is a recent technological innovation that has undergone significant growth with numerous business applications. One of the most promising applications of blockchain technology lies within the domains of higher education and recruitment. Despite its potential, academic literature on these topics remains limited. In this study, the researchers conducted a systematic literature review to unravel blockchain’s potential applications in higher education and recruitment. This paper identifies the current benefits and challenges of blockchain in these fields and delineates key steps in higher education and recruitment processes to determine blockchain practical applications. To analyze the potential benefits and challenges of blockchain for higher education and recruitment, we integrate the resource-based view (RBV) and transaction cost theory (TCT). The RBV is employed to underscore blockchain’s potential as a strategic resource that can provide competitive advantages in higher education, while the TCT is utilized to focus on its efficacy in reducing transaction costs related to recruitment. The study concludes by highlighting directions for future research, emphasizing the imperative for empirical investigations into real-world blockchain applications. It also encourages theoretical advancements to deepen our understanding of the impact of blockchain technology on higher education and recruitment