Research Trends in Blockchain Technology for Regional Government Financial Management in Indonesia: A Bibliometric Analysis

Abstract

Blockchain is an emerging technology that has been widely used in various sectors, including the financial sector. This study analyzes research trends on blockchain technology for regional government financial management in Indonesia using bibliometric techniques. Database searches identified 141 documents on blockchain in Indonesia and 34 documents specifically on financial blockchain from 2016-mid 2023. This research utilizes bibliometric methods complemented by a research question to uncover significant findings or trends in the literature related to the potential implementation of blockchain in regional government finance in Indonesia. Research on blockchain in the Indonesian financial sector has already been widely conducted, accounting for 24% of the research related to blockchain in Indonesia. This indicates that the financial sector has become one of the primaries focuses of blockchainrelated research in Indonesia. Bibliometric analysis of the literature suggests that blockchain has potential to enhance transparency, efficiency, and accountability in regional government finance through features like smart contracts, immutable records, and decentralized networks. A private blockchain structure can provide security and control. This study informs blockchain implementation plans for regional finance in Indonesia.