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Blockchain in FinTech: A Mapping Study

Author

Listed:
  • Simon Fernandez-Vazquez

    (Business Management Department, University of Oviedo, 33003 Asturias, Spain
    These authors contributed equally to this work.)

  • Rafael Rosillo

    (Business Management Department, University of Oviedo, 33003 Asturias, Spain
    These authors contributed equally to this work.)

  • David De La Fuente

    (Business Management Department, University of Oviedo, 33003 Asturias, Spain
    These authors contributed equally to this work.)

  • Paolo Priore

    (Business Management Department, University of Oviedo, 33003 Asturias, Spain
    These authors contributed equally to this work.)

Abstract

Blockchain is currently one of the most important topics in both the academia and industry world, mainly due to the possible effects that the continuing application of this new technology could have. The adoption of this technology by FinTech companies constitutes the next step towards the expansion of blockchain and its sustainability. The paper conducts a mapping study on the research topics, limitations, gaps and future trends of blockchain in FinTech companies. A total of 49 papers from a scientific database (Web of Science Core Collection) have been analyzed. The results show a deep focus in challenges such as security, scalability, legal and regulatory, privacy or latency, with proposed solutions still to be far from being effective. A vast majority of the research is focused into finance and banking sector, obviating other industries that could play a crucial role in the further expansion of blockchain. This study can contribute to researchers as a starting point for their investigation, as well as a source for recommendations on future investigation directions regarding blockchain in the FinTech sector.

Suggested Citation

  • Simon Fernandez-Vazquez & Rafael Rosillo & David De La Fuente & Paolo Priore, 2019. "Blockchain in FinTech: A Mapping Study," Sustainability, MDPI, vol. 11(22), pages 1-24, November.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:22:p:6366-:d:286337
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    References listed on IDEAS

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    Cited by:

    1. Horim Kim & Jaeyoung Kim & Kyungmyung Jang & Jaemin Han, 2020. "Are the Blockchain-Based Patents Sustainable for Increasing Firm Value?," Sustainability, MDPI, vol. 12(5), pages 1-17, February.
    2. Cristina Chueca Vergara & Luis Ferruz Agudo, 2021. "Fintech and Sustainability: Do They Affect Each Other?," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
    3. Shuchih Ernest Chang & Hueimin Louis Luo & YiChian Chen, 2019. "Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit," Sustainability, MDPI, vol. 12(1), pages 1-16, December.
    4. Nien-Ping Chen & Kao-Yi Shen & Chiung-Ju Liang, 2021. "Hybrid Decision Model for Evaluating Blockchain Business Strategy: A Bank’s Perspective," Sustainability, MDPI, vol. 13(11), pages 1-22, May.
    5. Dehghani, Milad & William Kennedy, Ryan & Mashatan, Atefeh & Rese, Alexandra & Karavidas, Dionysios, 2022. "High interest, low adoption. A mixed-method investigation into the factors influencing organisational adoption of blockchain technology," Journal of Business Research, Elsevier, vol. 149(C), pages 393-411.
    6. Nejla Ould Daoud Ellili, 2023. "Is there any association between FinTech and sustainability? Evidence from bibliometric review and content analysis," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(4), pages 748-762, December.

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