DELINEATION OF BLOCKCHAIN TECHNOLOGY IN FINANCE: A SCIENTOMETRIC VIEW

Abstract

Blockchain technology has attracted a lot of attention due to its revolutionary potential to upend the established economic structures, leading to a deluge of literature on the topic. Academics and business leaders alike are eager to see this technology used in the financial industry, although its full potential and limitations are currently unknown. To bridge this knowledge gap, 3312 records from the Dimensions database were obtained between 2014 and 2022 and used for bibliometrics and network analysis on the subject of blockchain technology in the financial sector. This analysis articulates the various potentials of blockchain literature as well as its adoption by various countries and authors, collaboration patterns, and applications of blockchain in finance using the visual mapping technique provided by VOSviewer. The top two innovators in the field, China and the USA, have used blockchain more extensively in financial research. Furthermore, the results show that the coverage of blockchain in finance has exploded in the last three years. Although India ranks third in documentation, behind China and the USA, it is lacking in citations and networking opportunities. The results, which identify important journals and authors in this field, will aid future researchers in better understanding the literature and conducting a PRISMA-based systematic review. This research is unique because it is the first bibliometric study to use the Dimensions AI database to look into how blockchain technology can be used in the financial sector.