An Assessment of the Fundamental Concepts of Blockchain Technology and its Application in Cryptocurrency using Bibliometric Methods

Abstract

In past few years, blockchain has attracted attention as a potential area of study on a worldwide scale. It is a decentralized database system that is both autonomous and unreliable. Since its first implementation, blockchain technology has been used by a growing number of nations and academic institutions. In order to get a broad understanding of blockchain technology and the present research focus, this article makes use of the quantitative analysis tools CiteSpace. For this study, we relied heavily on data from the Web of Sciences core collection dataset. The studies included 1000 publications published between 2015 and 2022. To be more precise, the patterns and fields of publishing may provide information on the directions and foci of recent blockchain studies. This bibliometric study included the most prominent and prolific writers, universities, nations, and publications. Smart contracts, Bitcoin, Ethereum, Dogecoin and cryptography were the most popular theoretical and research issues related to blockchain technology. To identify developing tendencies and new frontiers in blockchain, a keyword-based cluster analysis was conducted. The findings of this study demonstrate the growing interest in blockchain technology and its potential applications in various domains, including cryptocurrency. The analysis also identified key research areas and gaps in the literature that can guide future research in this field. Overall, this paper provides a comprehensive overview of the current state of research on blockchain technology and cryptocurrency and contributes to the growing body of knowledge on this topic.