A place next to Satoshi: foundations of blockchain and cryptocurrency research in business and economics
Ante, L. A place next to Satoshi: foundations of blockchain and cryptocurrency research in business and economics. Scientometrics 124, 1305–1333 (2020). https://doi.org/10.1007/s11192-020-03492-8
29 Pages Posted: 5 Nov 2019 Last revised: 15 Sep 2020
Date Written: May 15, 2020
Blockchain technology has become an ubiquitous phenomenon. While the topic originated in computer science, the business and economics literature was comparatively slow to pick up on it. To better understand the academic basis, current developments and future research avenues of the discourse, I analyse 467 blockchain and cryptocurrency articles and their 9,672 cited references from the fields of business and economics, which I gather from the Web of Science Core Collection. Five major strands of research are identified through factor analysis. They are reviewed and their interrelation is mapped using social network analysis. I find that research on I) market efficiency and economics and II) asset pricing and valuation is relatively mature and focuses on cryptocurrencies, while research on III) the principles and applications of blockchain technology, IV) transactions and anonymity and V) monetary theory and policy lacks maturity. I point out potential paths for future research and conclude that this young field of research still leaves plenty of room for manoeuvre. A scientific place next to Nakamoto (2008) is still available for existing, emerging and new research streams.
Keywords: Distributed ledger, Bitcoin, Informetric analysis, Bibliometric analysis, Social network analysis
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