Value economy : A meta-analysis of the challenges and opportunities of blockchain technology for businesses

Significant business growth is the result of innovations in their process and product, which is made possible by the use of high technologies such as blockchain. Technology has a huge impact on the world, not just through social media, big data, robotics and artificial intelligence, but these big changes can be achieved by the blockchain integration potential. By studying the fundamental concepts of the peer-to-peer blockchain networks, we find that this technology can record any tangible and intangible valuable assets. Its immutability, distributability and encryption capability revolutionizes the business centralism. One of the achievements of this technology is a fundamental revolution in the definition of trust that eliminates market frictions. In this study, we aim to have a meta-analysis on the role of blockchain technologies in businesses to express the opportunities and challenges of its implications for businesses. Also, we explain the facilitating role of blockchain in different industries by stating how to take advantage of these opportunities. Despite the comprehensive acceptance issue of this technology, new players have been made and that’s why blockchain tools can be the foundation of an intelligent economy through the transformation of businesses by changing systems. This article describes the fundamental features of blockchain technologies and the business opportunities that results from it and takes a futuristic insight for the evolution or development procedures of businesses