Beyond the Bitcoin Hype: A Structured Study of Blockchain’s Impact and Potential in Today’s Digital World

Author:

Campos-Rojas Felipe1,Franco Matheus2,Minatogawa Vinicius3ORCID

Affiliation:

1. Escuela de Ingeniería Civil Industrial, Pontificia Universidad Católica de Valparaíso, Valparaíso 2362807, Chile

2. Witten Institute for Family Business, Witten/Herdecke University, 58455 Witten, Germany

3. Escuela de Ingeniería en Construcción y Transporte, Pontificia Universidad Católica de Valparaíso, Valparaíso 2340000, Chile

Abstract

The development and application of blockchain-based technologies have been overshadowed by the performance of cryptocurrencies and the belief that these are all that this technology has to offer. This idea has led to the question on numerous occasions if this technology is just expectations or if there are indeed applications that solve problems in today’s world. This bibliometric study on the current state of blockchain applications in the context of digital transformation seeks to break down the myth that this technology is just expectations, synthesizing and ordering the wide variety of topics that arise from this relationship. The results showed that the development of blockchain in the context of digital transformation is growing at an exponential rate, and with this, its applications have come to cover a large part of the industries, interact with other technologies, and establish objectives of all kinds. Based on these topics of technologies, industries, operational objectives, and strategic objectives, a structure is proposed that will serve as a guide for the development of new solutions to some problems, research, applications, and integrations with other technologies.

Funder

Pontificia Universidad Católica de Valparaíso

Publisher

MDPI AG

Subject

Information Systems and Management,Computer Networks and Communications,Modeling and Simulation,Control and Systems Engineering,Software

Reference63 articles.

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2. Ovide, S. (2023, August 25). What Is a Blockchain? Is It Hype?. Available online: https://www.nytimes.com/2021/01/26/technology/what-is-blockchain.html.

3. Why Blockchain Will Disrupt Corporate Organizations: What Can Be Learned from the “Digital Transformation”;Vermeulen;J. Br. Blockchain Assoc.,2018

4. Schneier, B. (2023, August 20). There’s No Good Reason to Trust Blockchain Technology. Available online: https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/.

5. Carson, B., Romanelli, G., Walsh, P., and Zhumaev, A. (2023, September 03). The Strategic Business Value of the Blockchain Market. Available online: https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/blockchain-beyond-the-hype-what-is-the-strategic-business-value.

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