Blockchain technologies in accounting: bibliometric analysis

  • Received November 24, 2022;
    Accepted March 7, 2023;
    Published April 20, 2023
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/afc.04(1).2023.02
  • Article Info
    Volume 4 2022-2023, Issue #1, pp. 14-29
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The purpose of the paper is to conduct a bibliometric analysis of scientific literature on the use of blockchain technologies in accounting for the period 2013–2022 based on the use of a number of special methods and tools, including Scopus and WoS, VOSviewer, Publish or Perish, Google Trends, and Google Books Ngram Viewer. Based on the results of the bibliometric analysis of relevant scientific publications, a map of the relationships between the concepts of «blockchain» and «accounting» with other categories was formed, which allowed identifying seven clusters. Based on the results of the analysis of the evolutionary time block of blockchain technology research, it was possible to identify several main periods during which the main accents in this area changed. It has been proven that it was in 2020–2021 that the interest of researchers was directed to considering blockchains as tools for working with financial and accounting information. An analysis of the space-time dimension of bibliometric analysis in Ukraine showed that the publication activity of research on the use of blockchain technologies in accounting has intensified since the second half of 2021. Analysis using Google Books and Google Trends confirmed the absence of analogies in the dynamics of changes in search queries «blockchain» and «accounting». The use of bibliometric analysis tools allowed identifying the most relevant works by the searched terms. Relevance was mostly determined by the significance of the scientific work and the scientific cluster. On the basis of these works, key theses are presented, which will become the basis for further empirical research on the chosen topic.

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    • Figure 1. Dynamics of published articles on the topic “blockchain AND accounting” in the scientometric databases Scopus and WoS for 2013–2022
    • Figure 2. Identification of the interrelationship of “blockchain” AND “accounting” with other concepts
    • Figure 3. Characterization of bibliographic clusters based on the analysis of “keyword matches” using VOSviewer
    • Figure 4. Top 50 key phrases by relevance for “blockchain” AND “accounting”
    • Figure 5. Map of the density of links between concepts in the context of the study “blockchain” AND “accounting” based on publications in Scopus
    • Figure 6. Visualization map of the contextual-temporal dimension of research on “blockchain” AND “accounting”, published in the editions of Scopus
    • Figure 7. Spatial component of the bibliometric analysis of “blockchain” AND “accounting”
    • Figure 8. Visualization map of co-authorship of scientists (criterion – the country specified in the affiliation), whose general publications on blockchain AND accounting issues are indexed by the Scopus scientometric database
    • Figure 9. Organizations funding research in the Scopus database
    • Figure 10. Organizations funding research in the WoS database
    • Figure 11. Structural analysis of “blockchain” AND “accounting” by subject areas
    • Figure 12. Top 100 topics and thematic clusters in each research area by “blockchain” AND “accounting” categories
    • Figure 13. Mention frequency analysis of the blockchain and accounting concepts according to Google Books sources
    • Figure 14. Google Trends results of Internet users’ queries about “blockchain” AND “accounting” in the world for 2018–2022.
    • Conceptualization
      Olena Kravchenko
    • Data curation
      Olena Kravchenko
    • Formal Analysis
      Olena Kravchenko, Natalia Nebaba, John O. Aiyedogbon
    • Methodology
      Olena Kravchenko
    • Project administration
      Olena Kravchenko
    • Writing – original draft
      Olena Kravchenko
    • Funding acquisition
      Natalia Nebaba
    • Software
      Natalia Nebaba, John O. Aiyedogbon
    • Visualization
      Natalia Nebaba, John O. Aiyedogbon
    • Writing – review & editing
      Natalia Nebaba, John O. Aiyedogbon
    • Investigation
      John O. Aiyedogbon