The Value of Investing in Blockchain Technology by Bibliometric Method

Document Type : Original Article

Authors
1 PhD student in Accounting, Department of Accounting, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 Associate Professor, Department of Finance and Accounting, Faculty of Management and Economics, Ealamshar Branch, Islamic Azad University, Ealamshar, Iran
3 Professor, Department of Finance and Accounting, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
4 Associate Professor, Department of Accounting, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran.
10.30495/jik.2024.77502.4522
Abstract
Considering the importance of knowing the value and principles of investment in the field of uncertainty, tremendous changes, accelerating dynamics of technologies, globalization of trade and economy based on knowledge and new technologies, this research aims to increase knowledge and express the value of investing in blockchain technology to explain the situation and The place of this technology in the world of science and business. For this purpose, with a systematic approach and bibliometric method, it analyzes knowledge from the Web of Science scientific database, inventions from the Lens database, and the market from official global document sources in the field of blockchain technology in the period from 2015 to 2022 and describes Visualization of data analysis and trends using VOSviewer and Excel software. The results show that blockchain-focused research studies, inventions, discoveries, and investment markets have been growing exponentially over the past seven years. Researchers, institutions, organizations and large companies around the world are now specifically focused on blockchain. This is important because of the features and background capabilities of this technology in increasing public trust, transparency, improving efficiency, performance, economic efficiency, added value and business development, which leads to a sustainable competitive advantage and the survival of many businesses in the near future. This study is the first to adopt a full thematic trend analysis of the state of blockchain for investment. It can be a research line for academic researchers and to plan and choose the future strategy for institutions and industries.
Keywords

1.       انجمن بلاکچین ایران. (-). نقشه اکوسیستم بلاکچین ایران، https://iranblockchain.org/blockchain-ecosystem
2.       عرب یامحمدی، جواد؛ کیوانیان، شبنم‌السادات. (1396). انقلاب صنعتی چهارم؛ زمینه‌ها و پیامدها، پژوهشکده امور اقتصادی وزارت امور اقتصادی و دارایی، تهران: گروه پژوهشی اقتصاد حقوقی و دیپلماسی اقتصادی.
3.       نوری دوآبی، پیام (1401). شفافیت محصول بلاکچین، اولین همایش ملی ارتقای شفافیت، سازمان بازرسی کل کشور، تهران.
4.      Chen et al., (2019). How valuable is fintech innovation? Rev. Financ. Stud., 32 (5) (2019), pp. 2062-2106.
5.      Deloitte. (2018). breaking blockchain open: Deloitte’s 2018 global blockchain survey. https://www2.deloitte.com/content/dam/Deloitte/cz/Documents/financial-services/cz-2018-deloitte-global-blockchain-survey.pdf.
6.      Galaxy Digital Reasearch. (2021). Bitcoin Mining 2021 End-of-Year, galaxy.com
7.      https://consensys.io/blog/the-blockchain-jobs-report-2019
8.      https://www.glassdoor.com/index.htm
9.      Jing, Du et al., (2023). Can blockchain technology be effectively integrated into the real economy? Evidence from corporate investment efficiency. China Journal of Accounting Research, Volume 16, Issue 2, 100292, https://doi.org/10.1016/j.cjar.2023.100292
10.  KPMG. (2020). Blockchain and digital currencies challenge traditional accounting and reporting models, available at: https://assets.kpmg/content/dam/kpmg/bm/pdf/2020/10/defining-issues-18-13 blockchain.pdf (accessed 28 June 2023).
11.  Lea, Jon. (2019). Blockchain Jobs Report Coincub 2019, https://consensys.io/blog/the-blockchain-jobs-report-2019.
12.  Lea, Jon. (2023). Blockchain Jobs Report Coincub 2023, https://coincub.com/ranking/ blockchain-jobs-report-2023.
13.  Li et al., (2011). The role played by the internal control in companies’ investment: Is it a promotion of efficiency or a repression thereof. Manage. World, 2, pp. 81-99.
14.  Li, W. A. and Hao, C. (2020). Corporate governance handbook, Tsinghua University Press, Beijing.
15.  Li, Y. and Chen, T. (2021). Blockchain empowers supply chain: Challenge, implementation path and prospect, Nankai Business Rev., 5 (2021), pp. 192-201.
16.  Weiss, M. (2019). Sensored society: the society of digital transformation. Advanced Studies, 33 (95), 203-214. Retrieved from http://www.revistas.usp.br/eav/article/view/159485.
17.  www.atlanticcouncil.org/2022
18.  www.CoinMarketCap.com
19.  www.Crypto.com
20.  Yermack, D. (2017). Corporate governance and blockchains, Review of Finance, 21 (1) (2017), pp. 7-31.