SYSTEMATIC REVIEW article
Front. Blockchain
Sec. Financial Blockchain
Blockchain Technology in the Banking Sector: A Content Analysis
Provisionally accepted
Rafsun Sheikh*
Shah J Miah- University of Newcastle, Newcastle, NSW, Australia
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Applications of Blockchain technology (BT) offer transformative innovations in organizations. Because of its effectiveness as an intermediary-free platform, researchers consider this technological platform to adopt disruptive developments. In banking sector, BT has been adopted massively for significant disruptions, but their landscape of studies to develop general understanding are still at its emergent stage, therefore it is imperative to define existing landscape of BT for greater benefits in the research community. This paper examines existing studies of BT adoption in banking sector, with a special focus to reveal on how BT architectures can bring disruptions. The analysis has scrutizised 214 relevant articles from peer-reviewed journals across four vital databases (coverage from 2021 to July 15, 2025), through an intelligent review that represents a combined iterative approach adopting both methods of Latent Dirichlet Allocation (LDA) topic modelling and content analysis. From an information systems viewpoint, the study divided the findings into three phases: pre-adoption, adoption, and post-adoption, highlighting blockchain's dimensions, applications in banking, the current banking landscape, and the challenges that inhibit widespread adoption of BT in banking systems. The synthesized findings indicate interesting directions for future research.
Keywords: Blockchain technology, Banking sector, disruptive technologies, Decentralized Banking, Latent Dirichlet Allocation
Received: 17 Jul 2025; Accepted: 10 Nov 2025.
Copyright: © 2025 Sheikh and Miah. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Rafsun Sheikh, mdrafsun.sheikh@uon.edu.au
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