Abstract
The academic and business community discusses the research avenues and practical implementations of blockchains continuously with the ongoing growth and implementation of blockchain technologies. The blockchain also has its advantages in the economy, manufacturing, medical and other industries. Most view Blockchain as a perturbing key technology. Although several academics have recognized the importance of blockchain, blockchain technology is still in its early stages. The latest academic literature on blockchain in industry and economics is therefore analyzed in this article. We identify the most high-quality articles, active countries and most popular keywords based on a comprehensive analysis of literature published on the Web of Science. In addition to that, the clustering analyses are carried out, and the following study areas has been identified: 'economic gain,' 'blockchain technology,' 'initial coin offerings’, 'fintech innovation’ and 'sharing economies’.
Highlights
Never before in our history, the need for blockchain was felt so indispensable
Greater Transparency: The best feature of Blockchain is that Blockchain has a public key transaction chief
It certainly seems that the blockchain qualifies to be one of the much-needed reform
Summary
Never before in our history, the need for blockchain was felt so indispensable. whole world has come to a standstill and life has been encapsulated in a digital platform. He further goes on to state that banks use the currency entrusted to them to lend it in ‘waves of credit bubbles’, with hardly anything left in reserve (Desai, 2013) The introduction of this new concept was done in 2008, when global crisis has wreaked havoc on global economies and almost every country has taken a toll either directly or indirectly. A shrewd observer would rather find the concept of Blockchain more revolutionary as compared to Bitcoin As, the former could be used in almost every technology possible and will pave a way to advance the idea of digital world and safe and secure transaction between the people. The former could be used in almost every technology possible and will pave a way to advance the idea of digital world and safe and secure transaction between the people Whereas, the latter strips of the right of the government and dilutes its presence from the economy. Followings are the optimum use of this technology in various field
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