Blockchain Adoption Challenges and Solutions in Bangladesh
Article Sidebar
Main Article Content
Abstract
Background: The idea of insurance was discovered several millennia before Christ (BC). In the second and third millennia BC, traders from China and Babylonia practiced shifting or dispersing risks. Today, insurance is the foundation of the economy, but expanding its penetration is difficult in emerging nations. The fourth insurance industry revolution in the developed world was sparked by the recent advent of Blockchain, IoT, Big Data, and InsurTech.
Objective: To boost insurance coverage in Bangladesh, this study examines the problems with and potential solutions to blockchain technology.
Research Methodology: To identify the themes and factors pertaining to problems and solutions in implementing blockchain in Bangladesh insurance business, this study used a systematic literature review. To find pertinent material from Google Scholar, several keywords were employed. The filtered studies were examined based on inclusion and exclusion standards.
Findings: This report outlined many obstacles to blockchain adoption in the Bangladesh insurance sector as well as potential remedies. The proposals could help policymakers improve the insurance industry's service delivery.
Article Details
Section
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors retain copyright of their work.
By submitting to JIBEP, authors grant the Journal of Islamic Banking, Economics and Policy a non-exclusive license to publish, distribute, and archive the article in print and electronic formats.
Authors are free to reuse and distribute their work after publication, provided that proper citation to the original publication in JIBEP is given.
By submitting, authors confirm that:
- The work is original and has not been published elsewhere.
- All co-authors consent to the submission.
- Any necessary permissions for figures, datasets, or third-party material have been obtained.
JIBEP supports open access and promotes wide dissemination of published research under fair use principles.