IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i18p7949-d1476172.html
   My bibliography  Save this article

Using Blockchain Technology for Sustainability and Secure Data Management in the Energy Industry: Implications and Future Research Directions

Author

Listed:
  • Marianna Lezzi

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

  • Vito Del Vecchio

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

  • Mariangela Lazoi

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

Abstract

In the current era of digital transformation, among the plethora of technologies, blockchain (BC) technology has attracted attention, carrying the weight of enormous expectations in terms of its applicability and benefits. BC technology promises immutability, reliability, transparency, and security of transactions, using decentralized models to scale up existing Internet of Things (IoT) solutions while guaranteeing privacy. In the energy industry, BC technology is mainly used to secure distributed power grids, which have proven to be easily hackable by malicious users. Recognizing the need for a preliminary analysis of the literature investigating the role of BC technology for sustainability and secure data management in the energy industry, this study conducts a bibliometric analysis, identifying the implications and research directions in the field. Specifically, a performance analysis and scientific mapping are performed on 943 documents using the Scopus database and the VOSviewer software version 1.6.20. The result is the identification of seven thematic clusters and the most relevant implications as well as future research actions at the strategic, technical, regulatory, and social levels. This study extends the literature by suggesting potential sustainability opportunities regarding BC technology adoption in the energy industry; it also supports managers in identifying strategies to strengthen business sustainability by leveraging the development of new knowledge for secure asset management.

Suggested Citation

  • Marianna Lezzi & Vito Del Vecchio & Mariangela Lazoi, 2024. "Using Blockchain Technology for Sustainability and Secure Data Management in the Energy Industry: Implications and Future Research Directions," Sustainability, MDPI, vol. 16(18), pages 1-22, September.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:18:p:7949-:d:1476172
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/18/7949/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/18/7949/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kavyan Zoughalian & Jims Marchang & Bogdan Ghita, 2022. "A Blockchain Secured Pharmaceutical Distribution System to Fight Counterfeiting," IJERPH, MDPI, vol. 19(7), pages 1-32, March.
    2. Veerasamy, Veerapandiyan & Hu, Zhijian & Qiu, Haifeng & Murshid, Shadab & Gooi, Hoay Beng & Nguyen, Hung Dinh, 2024. "Blockchain-enabled peer-to-peer energy trading and resilient control of microgrids," Applied Energy, Elsevier, vol. 353(PA).
    3. Christian Sternitzke & Isumo Bergmann, 2009. "Similarity measures for document mapping: A comparative study on the level of an individual scientist," Scientometrics, Springer;Akadémiai Kiadó, vol. 78(1), pages 113-130, January.
    4. Schlecht, Laura & Schneider, Sabrina & Buchwald, Arne, 2021. "The prospective value creation potential of Blockchain in business models: A delphi study," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    5. Fahimnia, Behnam & Sarkis, Joseph & Davarzani, Hoda, 2015. "Green supply chain management: A review and bibliometric analysis," International Journal of Production Economics, Elsevier, vol. 162(C), pages 101-114.
    6. E.C.M. Noyons & H.F. Moed & M. Luwel, 1999. "Combining mapping and citation analysis for evaluative bibliometric purposes: A bibliometric study," Journal of the American Society for Information Science, Association for Information Science & Technology, vol. 50(2), pages 115-131.
    7. Wang, Yunsen & Kogan, Alexander, 2018. "Designing confidentiality-preserving Blockchain-based transaction processing systems," International Journal of Accounting Information Systems, Elsevier, vol. 30(C), pages 1-18.
    8. Ole Ellegaard & Johan A. Wallin, 2015. "The bibliometric analysis of scholarly production: How great is the impact?," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(3), pages 1809-1831, December.
    9. van Oorschot, Johannes A.W.H. & Hofman, Erwin & Halman, Johannes I.M., 2018. "A bibliometric review of the innovation adoption literature," Technological Forecasting and Social Change, Elsevier, vol. 134(C), pages 1-21.
    10. Georgios Lampropoulos, 2024. "Blockchain in Smart Grids: A Bibliometric Analysis and Scientific Mapping Study," J, MDPI, vol. 7(1), pages 1-29, January.
    11. Igor Radanović & Robert Likić, 2018. "Opportunities for Use of Blockchain Technology in Medicine," Applied Health Economics and Health Policy, Springer, vol. 16(5), pages 583-590, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marsela Thanasi-Boçe & Julian Hoxha, 2025. "Blockchain for Sustainable Development: A Systematic Review," Sustainability, MDPI, vol. 17(11), pages 1-38, May.
    2. Pallawi Baldeo Sangode, 2025. "Fusion of Blockchain and Industry 4.0: A Bibliometric Analysis and Detailed Review," SN Operations Research Forum, Springer, vol. 6(1), pages 1-20, March.
    3. Ali Saleh Alammary, 2024. "Building a Sustainable Digital Infrastructure for Higher Education: A Blockchain-Based Solution for Cross-Institutional Enrollment," Sustainability, MDPI, vol. 17(1), pages 1-22, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Verma, Sushma & Shome, Samik & Hassan, M. Kabir, 2023. "FinTech in small and medium enterprises (SMEs): A review and future research agenda," European Management Journal, Elsevier, vol. 41(6), pages 950-971.
    2. Victor Tiberius & Meike Rietz & Ricarda B. Bouncken, 2020. "Performance Analysis and Science Mapping of Institutional Entrepreneurship Research," Administrative Sciences, MDPI, vol. 10(3), pages 1-21, September.
    3. Migliavacca, Milena & Goodell, John W. & Paltrinieri, Andrea, 2023. "A bibliometric review of portfolio diversification literature," International Review of Financial Analysis, Elsevier, vol. 90(C).
    4. Majdouline, Ilias & Baz, Jamal El & Jebli, Fedwa, 2022. "Revisiting technological entrepreneurship research: An updated bibliometric analysis of the state of art," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    5. Samuel Fosso Wamba, 2022. "Humanitarian supply chain: a bibliometric analysis and future research directions," Annals of Operations Research, Springer, vol. 319(1), pages 937-963, December.
    6. Goodell, John W. & Kumar, Satish & Lahmar, Oumaima & Pandey, Nitesh, 2023. "A bibliometric analysis of cultural finance," International Review of Financial Analysis, Elsevier, vol. 85(C).
    7. Qiang Wang & Feng Ren & Rongrong Li, 2024. "Exploring the impact of geopolitics on the environmental Kuznets curve research," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 1700-1722, June.
    8. Elie, Luc & Granier, Caroline & Rigot, Sandra, 2021. "The different types of renewable energy finance: A Bibliometric analysis," Energy Economics, Elsevier, vol. 93(C).
    9. Angelo Corallo & Maria Elena Latino & Marta Menegoli & Biagia De Devitiis & Rosaria Viscecchia, 2019. "Human Factor in Food Label Design to Support Consumer Healthcare and Safety: A Systematic Literature Review," Sustainability, MDPI, vol. 11(15), pages 1-14, July.
    10. Cobo, M.J. & López-Herrera, A.G. & Herrera-Viedma, E. & Herrera, F., 2011. "An approach for detecting, quantifying, and visualizing the evolution of a research field: A practical application to the Fuzzy Sets Theory field," Journal of Informetrics, Elsevier, vol. 5(1), pages 146-166.
    11. Yuruixian Zhang & Wei Chong Choo & Yuhanis Abdul Aziz & Choy Leong Yee & Jen Sim Ho, 2022. "Go Wild for a While? A Bibliometric Analysis of Two Themes in Tourism Demand Forecasting from 1980 to 2021: Current Status and Development," Data, MDPI, vol. 7(8), pages 1-38, July.
    12. Ifra Bashir & Ishtiaq Hussain Qureshi, 2023. "Analysing Literature on Financial Well-being: A Bibliometric Approach," Paradigm, , vol. 27(2), pages 111-135, December.
    13. Güler Koştı & İsmail Kayadibi, 2025. "A bibliometric analysis of artificial intelligence and machine learning applications for human resource management," Future Business Journal, Springer, vol. 11(1), pages 1-19, December.
    14. Tandon, Anushree & Kaur, Puneet & Mäntymäki, Matti & Dhir, Amandeep, 2021. "Blockchain applications in management: A bibliometric analysis and literature review," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    15. Weisheng Chiu & Thomas Chun Man Fan & Sang-Back Nam & Ping-Hung Sun, 2021. "Knowledge Mapping and Sustainable Development of eSports Research: A Bibliometric and Visualized Analysis," Sustainability, MDPI, vol. 13(18), pages 1-17, September.
    16. Joao Victor Rojas Luiz & Daniel Jugend & Charbel José Chiappeta Jabbour & Octaviano Rojas Luiz & Fernando Bernardi Souza, 2016. "Ecodesign field of research throughout the world: mapping the territory by using an evolutionary lens," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 241-259, October.
    17. Roberto Pico-Saltos & Paúl Carrión-Mero & Néstor Montalván-Burbano & Javier Garzás & Andrés Redchuk, 2021. "Research Trends in Career Success: A Bibliometric Review," Sustainability, MDPI, vol. 13(9), pages 1-24, April.
    18. Yakath Ali, Nurul Syuhadah & Yu, Chunyan & See, Kok Fong, 2021. "Four decades of airline productivity and efficiency studies: A review and bibliometric analysis," Journal of Air Transport Management, Elsevier, vol. 96(C).
    19. Shashi & Piera Centobelli & Roberto Cerchione & Amit Mittal, 2021. "Managing sustainability in luxury industry to pursue circular economy strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 432-462, January.
    20. Rosanna Cataldo & Leonardo Salvatore Alaimo & Maria Gabriella Grassia & Filomena Maggino, 2024. "How Subjective Well-being Evolved Over Time: Insights from Bibliometric and Text Mining Analyses," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 19(5), pages 2389-2415, October.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:18:p:7949-:d:1476172. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.