Relevance of Blockchain in the Global World

Abstract

The academic and business community discusses the research avenues and practical implementations of blockchains continuously with the ongoing growth and implementation of blockchain technologies. The blockchain also has its advantages in the economy, manufacturing, medical and other industries. Most view Blockchain as a perturbing key technology. Although several academics have recognized the importance of blockchain, blockchain technology is still in its early stages. The latest academic literature on blockchain in industry and economics is therefore analyzed in this article. We identify the most high-quality articles, active countries and most popular keywords based on a comprehensive analysis of literature published on the Web of Science. In addition to that, the clustering analyses are carried out, and the following study areas has been identified: 'economic gain,' 'blockchain technology,' 'initial coin offerings’, 'fintech innovation’ and 'sharing economies’.