Blockchain Technology: Its Implications and advantages for Libraries in Sri Lanka

Abstract

Blockchain technology is primarily used for securely transacting in a digital environment by verifying and maintaining a transaction record in a distributed, time-stamped way. Objectives of the paper to Understanding of blockchain technology and how it works in Library environment, review of literature of blockchain technology and its potential uses and discuss the connection between blockchain technology for future libraries in Sri Lanka. Library Information Science Technology Abstracts, Google Scholar, Emerald, Taylor and Francis and Scopus databases and blockchain management or blockchain technology or libraries were used as search terms. Study revealed that blockchain technology is increasingly being used in libraries for a variety of purposes, including improving metadata systems, safeguarding digital first sale rights, and peer-to-peer sharing. Further studies recommended to be held to exploit this technology to a maximum level for the benefit of libraries in Sri Lankan context.