Blockchain in Malaysia: A Comprehensive Review of Decentralized Applications and Trends from Last 1 Decade (2013-2023)
Nur Haliza Abdul Wahab, Brandon Liew Yi Quan, Sharifah H. S. Ariffin · 2024
This paper investigates the adoption and impact of Blockchain decentralized applications (DApps) across various sectors in Malaysia, with a particular emphasis on their role in government agencies. The study aims to enhance transparency, efficiency, and security in both public and private sectors through the strategic implementation of Blockchain technology. Addressing the critical issue of underutilization in Malaysia, the research encompasses an extensive literature review from databases such as IEEE Xplore and Springer. This review integrates scholarly articles, conference papers, and technical reports on Blockchain across different Malaysian industries. The objective is to provide a holistic analysis of the current applications and explore the potential of Blockchain DApps to revolutionize industry operations, government functions, and drive national development. The research is expected to yield a comprehensive understanding of Blockchain's diverse applications in Malaysia, highlight key challenges hindering adoption, and suggest opportunities for sector-wide integration. The findings are anticipated to have significant implications for a range of stakeholders, including policymakers, technologists, entrepreneurs, and academics. By informing strategic decision-making and fostering dialogue on Blockchain technology, this study aims to contribute to a more efficient, transparent, and secure operational landscape across Malaysia's key sectors, thereby enhancing the nation's competitive edge in the digital economy.