IDEAS home Printed from https://ideas.repec.org/a/spr/scient/v125y2020i1d10.1007_s11192-020-03650-y.html
   My bibliography  Save this article

Knowledge diffusion paths of blockchain domain: the main path analysis

Author

Listed:
  • Dejian Yu

    (Nanjing Audit University)

  • Libo Sheng

    (Nanjing Audit University)

Abstract

Blockchain technology, as a disruptive technology, has received widespread attention in the past few years from all over the world, leading to rapid growth in research outputs. This paper adopts a quantitative method, the main path analysis, to comprehensively and systematically investigate the development trajectories of blockchain. Four different main paths, the global main path, the forward local main path, the backward local main path and the key-route main path are conducted simultaneously. By analyzing these various paths, on the one hand, this paper finds that papers on paths focus on two aspects, cryptocurrencies and blockchain-based applications. On the other hand, this paper discovers several major research areas of blockchain, including internet of things (IoT), healthcare, energy industry, voting, insurance and supply chain management. At the same time, this paper further analyzes the research hotspots, as well as the development trajectories of blockchain in the areas of IoT, healthcare and supply chain management by using the key-route main path analysis. This paper is conductive for both the new and experienced researchers to identify some influential papers and grasp the knowledge diffusion paths in these domains.

Suggested Citation

  • Dejian Yu & Libo Sheng, 2020. "Knowledge diffusion paths of blockchain domain: the main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(1), pages 471-497, October.
  • Handle: RePEc:spr:scient:v:125:y:2020:i:1:d:10.1007_s11192-020-03650-y
    DOI: 10.1007/s11192-020-03650-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11192-020-03650-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s11192-020-03650-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Philippas, Dionisis & Rjiba, Hatem & Guesmi, Khaled & Goutte, Stéphane, 2019. "Media attention and Bitcoin prices," Finance Research Letters, Elsevier, vol. 30(C), pages 37-43.
    2. Zięba, Damian & Kokoszczyński, Ryszard & Śledziewska, Katarzyna, 2019. "Shock transmission in the cryptocurrency market. Is Bitcoin the most influential?," International Review of Financial Analysis, Elsevier, vol. 64(C), pages 102-125.
    3. Katsiampa, Paraskevi, 2017. "Volatility estimation for Bitcoin: A comparison of GARCH models," Economics Letters, Elsevier, vol. 158(C), pages 3-6.
    4. Dyhrberg, Anne Haubo, 2016. "Bitcoin, gold and the dollar – A GARCH volatility analysis," Finance Research Letters, Elsevier, vol. 16(C), pages 85-92.
    5. Sachin Kamble & Angappa Gunasekaran & Himanshu Arha, 2019. "Understanding the Blockchain technology adoption in supply chains-Indian context," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 2009-2033, April.
    6. Sara Saberi & Mahtab Kouhizadeh & Joseph Sarkis & Lejia Shen, 2019. "Blockchain technology and its relationships to sustainable supply chain management," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 2117-2135, April.
    7. Vincent C. Ma & John S. Liu, 2016. "Exploring the research fronts and main paths of literature: a case study of shareholder activism research," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 33-52, October.
    8. Urquhart, Andrew, 2016. "The inefficiency of Bitcoin," Economics Letters, Elsevier, vol. 148(C), pages 80-82.
    9. Weishu Liu, 2019. "The data source of this study is Web of Science Core Collection? Not enough," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(3), pages 1815-1824, December.
    10. Sikorski, Janusz J. & Haughton, Joy & Kraft, Markus, 2017. "Blockchain technology in the chemical industry: Machine-to-machine electricity market," Applied Energy, Elsevier, vol. 195(C), pages 234-246.
    11. Urquhart, Andrew, 2017. "Price clustering in Bitcoin," Economics Letters, Elsevier, vol. 159(C), pages 145-148.
    12. Rainer Böhme & Nicolas Christin & Benjamin Edelman & Tyler Moore, 2015. "Bitcoin: Economics, Technology, and Governance," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 213-238, Spring.
    13. Bariviera, Aurelio F., 2017. "The inefficiency of Bitcoin revisited: A dynamic approach," Economics Letters, Elsevier, vol. 161(C), pages 1-4.
    14. Tiwari, Aviral Kumar & Jana, R.K. & Das, Debojyoti & Roubaud, David, 2018. "Informational efficiency of Bitcoin—An extension," Economics Letters, Elsevier, vol. 163(C), pages 106-109.
    15. Yaya, OlaOluwa S. & Ogbonna, Ahamuefula E. & Olubusoye, Olusanya E., 2019. "How persistent and dynamic inter-dependent are pricing of Bitcoin to other cryptocurrencies before and after 2017/18 crash?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 531(C).
    16. Seonghyeon Gong & Erzhena Tcydenova & Jeonghoon Jo & Younghun Lee & Jong Hyuk Park, 2019. "Blockchain-Based Secure Device Management Framework for an Internet of Things Network in a Smart City," Sustainability, MDPI, vol. 11(14), pages 1-17, July.
    17. Balcilar, Mehmet & Bouri, Elie & Gupta, Rangan & Roubaud, David, 2017. "Can volume predict Bitcoin returns and volatility? A quantiles-based approach," Economic Modelling, Elsevier, vol. 64(C), pages 74-81.
    18. Wang, Yingli & Singgih, Meita & Wang, Jingyao & Rit, Mihaela, 2019. "Making sense of blockchain technology: How will it transform supply chains?," International Journal of Production Economics, Elsevier, vol. 211(C), pages 221-236.
    19. Louis Y. Y. Lu & John S. Liu, 2013. "An innovative approach to identify the knowledge diffusion path: the case of resource-based theory," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(1), pages 225-246, January.
    20. Dele Raheem & Maxim Shishaev & Vladimir Dikovitsky, 2019. "Food System Digitalization as a Means to Promote Food and Nutrition Security in the Barents Region," Agriculture, MDPI, vol. 9(8), pages 1-19, August.
    21. Fry, John & Cheah, Eng-Tuck, 2016. "Negative bubbles and shocks in cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 343-352.
    22. Xiao, Yu & Lu, Louis Y.Y. & Liu, John S. & Zhou, Zhili, 2014. "Knowledge diffusion path analysis of data quality literature: A main path analysis," Journal of Informetrics, Elsevier, vol. 8(3), pages 594-605.
    23. Yu, Dejian & He, Xiaorong, 2020. "A bibliometric study for DEA applied to energy efficiency: Trends and future challenges," Applied Energy, Elsevier, vol. 268(C).
    24. Merediz-Solà, Ignasi & Bariviera, Aurelio F., 2019. "A bibliometric analysis of bitcoin scientific production," Research in International Business and Finance, Elsevier, vol. 50(C), pages 294-305.
    25. Esther Salmerón-Manzano & Francisco Manzano-Agugliaro, 2019. "The Role of Smart Contracts in Sustainability: Worldwide Research Trends," Sustainability, MDPI, vol. 11(11), pages 1-16, May.
    26. Koutmos, Dimitrios, 2018. "Return and volatility spillovers among cryptocurrencies," Economics Letters, Elsevier, vol. 173(C), pages 122-127.
    27. John S. Liu & Louis Y.Y. Lu, 2012. "An integrated approach for main path analysis: Development of the Hirsch index as an example," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 63(3), pages 528-542, March.
    28. Ji, Qiang & Bouri, Elie & Roubaud, David & Kristoufek, Ladislav, 2019. "Information interdependence among energy, cryptocurrency and major commodity markets," Energy Economics, Elsevier, vol. 81(C), pages 1042-1055.
    29. Hackius, Niels & Petersen, Moritz, 2017. "Blockchain in logistics and supply chain: Trick or treat?," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Digitalization in Supply Chain Management and Logistics: Smart and Digital Solutions for an Industry 4.0 Environment. Proceedings of the Hamburg Inter, volume 23, pages 3-18, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    30. Ji, Qiang & Bouri, Elie & Lau, Chi Keung Marco & Roubaud, David, 2019. "Dynamic connectedness and integration in cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 257-272.
    31. John S. Liu & Louis Y.Y. Lu, 2012. "An integrated approach for main path analysis: Development of the Hirsch index as an example," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 63(3), pages 528-542, March.
    32. John S. Liu & Louis Y. Y. Lu & Mei Hsiu-Ching Ho, 2019. "A few notes on main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(1), pages 379-391, April.
    33. Koutmos, Dimitrios, 2018. "Liquidity uncertainty and Bitcoin’s market microstructure," Economics Letters, Elsevier, vol. 172(C), pages 97-101.
    34. Choi, Tsan-Ming & Luo, Suyuan, 2019. "Data quality challenges for sustainable fashion supply chain operations in emerging markets: Roles of blockchain, government sponsors and environment taxes," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 131(C), pages 139-152.
    35. Bouri, Elie & Molnár, Peter & Azzi, Georges & Roubaud, David & Hagfors, Lars Ivar, 2017. "On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier?," Finance Research Letters, Elsevier, vol. 20(C), pages 192-198.
    36. Khuntia, Sashikanta & Pattanayak, J.K., 2018. "Adaptive market hypothesis and evolving predictability of bitcoin," Economics Letters, Elsevier, vol. 167(C), pages 26-28.
    37. Junwen Zhu & Weishu Liu, 2020. "A tale of two databases: the use of Web of Science and Scopus in academic papers," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(1), pages 321-335, April.
    38. Choi, Tsan-Ming & Wen, Xin & Sun, Xuting & Chung, Sai-Ho, 2019. "The mean-variance approach for global supply chain risk analysis with air logistics in the blockchain technology era," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 178-191.
    39. Handika, Rangga & Soepriyanto, Gatot & Havidz, Shinta Amalina Hazrati, 2019. "Are cryptocurrencies contagious to Asian financial markets?," Research in International Business and Finance, Elsevier, vol. 50(C), pages 416-429.
    40. Corbet, Shaen & Meegan, Andrew & Larkin, Charles & Lucey, Brian & Yarovaya, Larisa, 2018. "Exploring the dynamic relationships between cryptocurrencies and other financial assets," Economics Letters, Elsevier, vol. 165(C), pages 28-34.
    41. Symitsi, Efthymia & Chalvatzis, Konstantinos J., 2018. "Return, volatility and shock spillovers of Bitcoin with energy and technology companies," Economics Letters, Elsevier, vol. 170(C), pages 127-130.
    42. Mei Hsiu-Ching Ho & John S. Liu & Kerr C.-T. Chang, 2017. "To include or not: the role of review papers in citation-based analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(1), pages 65-76, January.
    43. Marten Risius & Kai Spohrer, 2017. "A Blockchain Research Framework," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(6), pages 385-409, December.
    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. Wilfrid Azan & Yuan Li, 2023. "Scientific knowledge production of blockchain: A bibliometric and lexicometric review," Post-Print hal-04180386, HAL.
    2. Dejian Yu & Zhaoping Yan, 2021. "Knowledge diffusion of supply chain bullwhip effect: main path analysis and science mapping analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(10), pages 8491-8515, October.
    3. Ichiro Watanabe & Soichiro Takagi, 2021. "Technological Trajectory Analysis of Patent Citation Networks: Examining the Technological Evolution of Computer Graphic Processing Systems," The Review of Socionetwork Strategies, Springer, vol. 15(1), pages 1-25, June.
    4. Abderahman Rejeb & Karim Rejeb & Suhaiza Zailani & Yasanur Kayikci & John G. Keogh, 2023. "Examining Knowledge Diffusion in the Circular Economy Domain: a Main Path Analysis," Circular Economy and Sustainability, Springer, vol. 3(1), pages 125-166, March.
    5. Dejian Yu & Zhaoping Yan, 2022. "Combining machine learning and main path analysis to identify research front: from the perspective of science-technology linkage," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(7), pages 4251-4274, July.
    6. Siddique, Maryam, 2023. "Does the Adaptive Market Hypothesis Exist in Equity Market? Evidence from Pakistan Stock Exchange," OSF Preprints 9b5dx, Center for Open Science.
    7. Kim, Erin H.J. & Jeong, Yoo Kyung & Kim, YongHwan & Song, Min, 2022. "Exploring scientific trajectories of a large-scale dataset using topic-integrated path extraction," Journal of Informetrics, Elsevier, vol. 16(1).
    8. Yu, Dejian & Pan, Tianxing, 2021. "Tracing the main path of interdisciplinary research considering citation preference: A case from blockchain domain," Journal of Informetrics, Elsevier, vol. 15(2).
    9. Chen, Liang & Xu, Shuo & Zhu, Lijun & Zhang, Jing & Xu, Haiyun & Yang, Guancan, 2022. "A semantic main path analysis method to identify multiple developmental trajectories," Journal of Informetrics, Elsevier, vol. 16(2).
    10. Haoyang Song & Jianhua Hou & Yang Zhang, 2022. "Patent protection: does it promote or inhibit the patented technological knowledge diffusion?," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2351-2379, May.
    11. Ichiro Watanabe & Soichiro Takagi, 2022. "NK model-based analysis of technological trajectories: a study on the technological field of computer graphic processing systems," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 119-140, April.
    12. Zhou, Yong & Yang, Qijin & Lu, Shuo, 2023. "Research on the identification and formation mechanism of the main path of digital technology diffusion: Empirical evidence from China," Technology in Society, Elsevier, vol. 75(C).
    13. Song, Haoyang & Hou, Jianhua & Zhang, Yang, 2022. "Catalytic capacity of technological innovation: Multidimensional definition and measurement from the perspective of knowledge spillover," Technology in Society, Elsevier, vol. 68(C).
    14. Abderahman Rejeb & Alireza Abdollahi & Karim Rejeb & Mohamed M. Mostafa, 2023. "Tracing knowledge evolution flows in scholarly restaurant research: a main path analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2183-2209, June.
    15. Yu, Dejian & Sheng, Libo, 2021. "Influence difference main path analysis: Evidence from DNA and blockchain domain citation networks," Journal of Informetrics, Elsevier, vol. 15(4).
    16. Zenghui Yue & Haiyun Xu & Guoting Yuan & Yan Qi, 2022. "Modeling knowledge diffusion in the disciplinary citation network based on differential dynamics," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(12), pages 7593-7613, 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. Aurelio F. Bariviera & Ignasi Merediz‐Solà, 2021. "Where Do We Stand In Cryptocurrencies Economic Research? A Survey Based On Hybrid Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 377-407, April.
    2. Yu, Dejian & Sheng, Libo, 2021. "Influence difference main path analysis: Evidence from DNA and blockchain domain citation networks," Journal of Informetrics, Elsevier, vol. 15(4).
    3. Yu, Dejian & Pan, Tianxing, 2021. "Tracing the main path of interdisciplinary research considering citation preference: A case from blockchain domain," Journal of Informetrics, Elsevier, vol. 15(2).
    4. Flori, Andrea, 2019. "News and subjective beliefs: A Bayesian approach to Bitcoin investments," Research in International Business and Finance, Elsevier, vol. 50(C), pages 336-356.
    5. 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).
    6. Andrea Flori, 2019. "Cryptocurrencies In Finance: Review And Applications," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-22, August.
    7. ORĂȘTEAN Ramona & MĂRGINEAN Silvia Cristina & SAVA Raluca, 2019. "Bitcoin In The Scientific Literature – A Bibliometric Study," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(3), pages 160-174, December.
    8. Helder Miguel Correia Virtuoso Sebastião & Paulo José Osório Rupino Da Cunha & Pedro Manuel Cortesão Godinho, 2021. "Cryptocurrencies and blockchain. Overview and future perspectives," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 21(3), pages 305-342.
    9. Caporale, Guglielmo Maria & Kang, Woo-Young & Spagnolo, Fabio & Spagnolo, Nicola, 2021. "Cyber-attacks, spillovers and contagion in the cryptocurrency markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    10. Li, Mu-Yao & Cai, Qing & Gu, Gao-Feng & Zhou, Wei-Xing, 2019. "Exponentially decayed double power-law distribution of Bitcoin trade sizes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 535(C).
    11. Corbet, Shaen & Lucey, Brian & Urquhart, Andrew & Yarovaya, Larisa, 2019. "Cryptocurrencies as a financial asset: A systematic analysis," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 182-199.
    12. Toan Luu Duc Huynh & Muhammad Shahbaz & Muhammad Ali Nasir & Subhan Ullah, 2022. "Financial modelling, risk management of energy instruments and the role of cryptocurrencies," Annals of Operations Research, Springer, vol. 313(1), pages 47-75, June.
    13. Vidal-Tomás, David, 2021. "The entry and exit dynamics of the cryptocurrency market," Research in International Business and Finance, Elsevier, vol. 58(C).
    14. Cynthia Weiyi Cai & Rui Xue & Bi Zhou, 2023. "Cryptocurrency puzzles: a comprehensive review and re-introduction," Journal of Accounting Literature, Emerald Group Publishing Limited, vol. 46(1), pages 26-50, June.
    15. Lennart Ante, 2020. "A place next to Satoshi: foundations of blockchain and cryptocurrency research in business and economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1305-1333, August.
    16. Symitsi, Efthymia & Chalvatzis, Konstantinos J., 2019. "The economic value of Bitcoin: A portfolio analysis of currencies, gold, oil and stocks," Research in International Business and Finance, Elsevier, vol. 48(C), pages 97-110.
    17. Ahmed H. Elsayed & Giray Gozgor & Chi Keung Marco Lau, 2022. "Causality and dynamic spillovers among cryptocurrencies and currency markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2026-2040, April.
    18. Merediz-Solà, Ignasi & Bariviera, Aurelio F., 2019. "A bibliometric analysis of bitcoin scientific production," Research in International Business and Finance, Elsevier, vol. 50(C), pages 294-305.
    19. Shimeng Shi & Yukun Shi, 2021. "Bitcoin futures: trade it or ban it?," The European Journal of Finance, Taylor & Francis Journals, vol. 27(4-5), pages 381-396, March.
    20. Katsiampa, Paraskevi, 2019. "An empirical investigation of volatility dynamics in the cryptocurrency market," Research in International Business and Finance, Elsevier, vol. 50(C), pages 322-335.

    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:spr:scient:v:125:y:2020:i:1:d:10.1007_s11192-020-03650-y. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.