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A systematic review of blockchain | Financial Innovation | Full Text

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The ideas of bitcoin and blockchain have been first proposed in 2008 by somebody utilizing the pseudonym Satoshi Nakamoto, who described how cryptology and an open distributed ledger could be mixed right into a digital foreign money software (Nakamoto 2008). At first, the extraordinarily excessive volatility of bitcoin and the attitudes of many nations towards its complexity restrained its growth considerably, however the benefits of blockchain—which is bitcoin’s underlying know-how—attracted rising consideration. A number of the benefits of blockchain embody its distributed ledger, decentralization, data transparency, tamper-proof development, and openness. The evolution of blockchain has been a progressive course of. Blockchain is presently delimited to Blockchain 1.0, 2.0, and three.0, primarily based on their purposes. We offer extra particulars on the three generations of blockchain within the Appendix. The applying of blockchain know-how has prolonged from digital foreign money and into finance, and it has even regularly prolonged into well being care, provide chain administration, market monitoring, sensible vitality, and copyright safety (Engelhardt 2017; Hyvarinen et al. 2017; Kim and Laskowski 2018; O’Dair and Beaven 2017; Radanovic and Likic 2018; Savelyev 2018).

Blockchain know-how has been studied by all kinds of educational disciplines. For instance, some researchers have studied the underlying know-how of blockchain, corresponding to distributed storage, peer-to-peer networking, cryptography, sensible contracts, and consensus algorithms (Christidis and Devetsikiotis 2016; Cruz et al. 2018; Kraft 2016). In the meantime, authorized researchers have an interest within the laws and legal guidelines governing blockchain-related know-how (Kiviat 2015; Paech 2017). Because the previous saying goes: students in several disciplines have many various analytical views and “converse many various languages.” This paper focuses on analyzing and brushing papers within the subject of enterprise and economics. We goal to determine the important thing nodes (e.g., essentially the most influential articles and journals) within the associated analysis and to seek out the primary analysis themes of blockchain in our self-discipline. As well as, we hope to supply some suggestions for future analysis and supply some recommendations for companies that want to apply blockchain in observe.

This research will conduct a scientific and goal assessment that’s primarily based on knowledge statistics and evaluation. We first describe the general quantity and self-discipline distribution of blockchain-related papers. A complete of 756 journal articles have been retrieved. Subsequently, we refined the topic space to enterprise and economics, and have been ready so as to add 119 articles to our additional evaluation. We then explored the influential nations, journals, articles, and commonest key phrases. On the idea of a scientific literature evaluation software, we have been capable of determine 5 analysis themes on blockchain. We imagine that this data-driven literature assessment will be capable of extra objectively current the standing of this analysis.

The remainder of this paper is organized as follows. Within the subsequent part, we supplied an outline of the prevailing articles in the entire disciplines. We holistically describe the variety of papers associated to blockchain and self-discipline distribution of the literature. We then conduct an extra evaluation within the topic subject of enterprise and economics, the place we analyze the nations, publications, extremely cited papers, and so forth. We additionally level out the primary analysis themes of this paper, primarily based on CiteSpace. That is adopted by suggestions for promising analysis instructions and sensible purposes. Within the final part, we focus on the conclusions and limitations.

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