Future libraries’ blockchain opportunities and challenges: a systematic literature review and research agenda

Abstract

Purpose The purpose of this study is to look into the concept of blockchain technology which stores data in a distributed, tamper-resistant setting and how this technology may affect the future library and information (LI) centers’ operations and policy. It explores the potential benefits and limitations of this technology, for LI centers are the core objectives of this paper. Design/methodology/approach A systematic review of both academic and practitioner literature was conducted. It followed the Preferred Reporting Items for Systematic Reviews and Meta-Analysis (2020) standards. Findings The review shows that the decentralized nature of blockchain will transform the work in libraries and improve the inter-communication among communities. It can provide better privacy of user data thus increasing collaboration. However, there might be technological, financial, legal and social challenges that may act as hurdles to the realization of these goals in the true sense. The overall result shows that by keeping data updated, libraries can evaluate blockchain opportunities and make the best use of this technology. Practical implications Given the huge investments by industry, academic research that explores potential ramifications and supports libraries is required. The adoption of blockchain was investigated in this study from a variety of perspectives for LI center’s while also providing directions for future research. Originality/value It is evident that globally there is progress in blockchain technology development in terms of research and adoption in many industries, but the intention to adopt blockchain by libraries is still a fantasy. The lack of empirical evidence in the existing literature justifies the gap that needs to be filled. This systematic review attempts to fill the gaps in the existing knowledge which may serve as a reference for future initiatives in this field.