Blockchain-Based Entrepreneurship Fostering Digital Transformation: Insights From a Systemic Review

Blockchain offers digital transformation, particularly in the field of entrepreneurship, by revolutionizing various sectors, including innovation, efficiency, and sustainable business practices. Blockchain technology excels in addressing challenges in the digital economy with its decentralized technology, making entrepreneurial activities more transparent, secure, and trustworthy among stakeholders. The integration of blockchain into business operations and ecosystems currently faces key challenges: ecosystem fulfillment, technological adaptation, new processes experienced by employees, and technology implementation. This article examines blockchain's role in the digital transformation journey through entrepreneurship, focusing on the development of an entrepreneurial ecosystem, financial access, and effective operations. Therefore, this study explains how blockchain can improve business operational efficiency through increased transparency and reduced transaction costs, making it a crucial tool in the digital age for companies seeking to empower competitiveness and improve efficiency. Blockchain maintains full control over financial systems, integrity, and supply chain trust through transparency and accountability. This study examines the potential for fraudulent practices arising from the integration of these technologies. It also outlines the steps that must be taken to overcome obstacles to the implementation of blockchain technology in the entrepreneurial sector to maximize its potential for innovation and business development. This article will also delve deeper into the role of blockchain and its benefits in the entrepreneurial sector through digital transformation, and the relationship between the entrepreneurial sector and blockchain.