Blockchain dalam Manajemen Keuangan: Sebuah Tinjauan Literatur 2024–2025

Abstract

This study reviews recent international literature (2024–2025) on the application of blockchain in financial management. The findings indicate that blockchain contributes significantly across various areas, including supply chain finance (SCF), financial reporting, working capital management, asset tokenization, and decentralized finance (DeFi). In SCF, blockchain improves transaction traceability, reduces information asymmetry, and lowers the risk of supply chain disruptions. In financial reporting, blockchain-based e-invoicing enhances transparency, accountability, and reduces the cost of equity by improving investor confidence. The integration of blockchain into working capital management enables real-time synchronization of financial and operational data, thereby strengthening decision-making and liquidity optimization. Meanwhile, asset tokenization creates opportunities for democratizing investment access and diversifying funding sources. DeFi, while offering innovative financing alternatives and disrupting traditional financial intermediaries, remains strongly influenced by global macroeconomic dynamics and regulatory frameworks. Furthermore, blockchain enhances cross-border trade efficiency by streamlining document verification, reducing transaction delays, and fostering trust among international trading partners. Despite these substantial benefits, blockchain adoption continues to face challenges, such as regulatory uncertainty, cybersecurity risks, scalability limitations, and digital asset volatility. Overall, the synthesis of literature highlights blockchain not only as a technological innovation but also as a strategic pillar in modern financial governance. This study also suggests that future research should examine the integration of blockchain with global regulatory frameworks, green finance initiatives, and sustainable financial practices to ensure both scalability and long-term resilience.