Fusion of Blockchain and Sustainable Development Goals: A Bibliometric Analysis for Future Trends

Abstract

Blockchain technology has emerged as a transformative solution for enhancing transparency and accountability across various dimensions of sustainable development. Given the limited exploration of Blockchain’s synergy with sustainable development goals, there exists a compelling rationale to undertake a bibliometric literature review aimed at identifying forthcoming research trajectories. Employing the ”Blockchain” AND ”Sustainable Development Goals” keywords, an extensive search was conducted across Scopus and Web of Science databases. This endeavor yielded a corpus of 271 articles published within the span of 2017 to 2023. Subsequent adherence to inclusion and exclusion criteria refined this collection to 183 documents for meticulous Bibliographic Analysis through the Biblioshiny application of the Bibliometrix R package. The study charts a promising trajectory characterized by upward trends in recent years, unveiling the most prolific authors, productive nations, frequency of keywords, thematic evaluation, and collaborative endeavors. Delving into the systematic literature review, the research introduces five discernible future trends, along with a comprehensive research framework designed to amplify the generalizability of findings to pertinent stakeholders.


Keywords: blockchain, sustainable development goal, environmental challenges and bibliometric analysis

References
[1] Toha MA, Johl SK. ”Does Proactive Eco Eco-Innovation Matter in the Energy Sector?” in European Conference on Management, Leadership & Governance, 2021: Academic Conferences International Limited, pp. 420-XIV.

[2] Toha MA, Johl SK. Panel dataset to assess proactive eco-innovation in the paradigm of firm financial progression. Data (Basel). 2021;6(12):131.

[3] Toha MA, Akter R, Uddin MS. Paradigm of sustainable process safety management for industrial revolution 4.0: A circular economy and sustainability perspective. Process Safety Progress. 2022;41 S1:S17–26.

[4] Toha MA. Eco-innovation, board of directors and firms financial performance: A study on Malaysian Energy Listed Companies. Universiti Teknologi Petronas; 2021.

[5] Shah SQ, Lai FW, Shad MK, Jan AA. Developing a green governance framework for the performance enhancement of the oil and gas industry. Sustainability (Basel). 2022;14(7):3735.

[6] Warsi Khan H, Kaif Khan M, Moniruzzaman M, Al Mesfer MK, Danish M, Irshad K, et al. Evaluating ionic liquids for its potential as eco-friendly solvents for naproxen removal from water sources using COSMO-RS: computational and experimental validation. Environ Res. 2023 Aug;231(Pt 1):116058.

[7] Khan HW, Zailan AA, Bhaskar Reddy AV, Goto M, Moniruzzaman M. ”Ionic liquidbased dispersive liquid-liquid microextraction of succinic acid from aqueous streams: COSMO-RS screening and experimental verification,” Environmental technology. no. just-accepted, pp. 1-43, 2023.

[8] Khan HW, Elgharbawy AA, Shah MU, Negash BM, Khan MK, Khan K, et al. Exploring ionic liquids for formaldehyde separation via computational COSMO-RS screening. Chemical Engineering Research and Design. 2023;196:588–598.

[9] Khan HW, Elgharbawy AA, Bustam MA, Goto M, Moniruzzaman M. Ionic liquidbased green emulsion liquid membrane for the extraction of the poorly soluble drug ibuprofen. Molecules. 2023 Mar;28(5):2345.

[10] Abdul Jalil N, Wong Ei Leen M. ”Big Data in the Era of Pandemic COVID-19: Application of IoT based data analytics, Machine Learning and Artificial Intelligence,” in Proceedings of the 5th International Conference on Big Data and Education. 2022:361-367.

[11] Toufaily E, Zalan T, Dhaou SB. A framework of blockchain technology adoption: an investigation of challenges and expected value. Inf Manage. 2021;58(3):103444.

[12] Aysan AF, Bergigui F, Disli M. Blockchain-based solutions in achieving SDGs after COVID-19. J Open Innov. 2021;7(2):151.

[13] Juszczyk O, Shahzad K. Blockchain technology for renewable energy: principles, applications and prospects. Energies. 2022;15(13):4603.

[14] Jan AA, Lai FW, Asif M, Akhtar S, Ullah S. Embedding sustainability into bank strategy: implications for sustainable development goals reporting. International Journal of Sustainable Development & World Ecology. 2023;30(3):229–43.

[15] Yusuf M, Khan HW, Beg M, Ekeoma BC, Nishat A, Al-Othman AL. Effect of Climate Change on Air Quality: A Nigerian Perspective. Climate Change Impacts on Nigeria: Environment and Sustainable Development. Springer; 2023. pp. 19–38.

[16] Malik H, Khan HW, Hassan Shah MU, Ahmad MI, Khan I, Al-Kahtani AA, et al. Screening of ionic liquids as green entrainers for ethanol water separation by extractive distillation: COSMO-RS prediction and aspen plus simulation. Chemosphere. 2022 Oct;311(Pt 2):136901.

[17] Khan PA, Johl SK, Ntim CG. Nexus of Comprehensive Green Innovation, Environmental Management System-14001-2015 and Firm Performance. Cogent Business & Management. 2019;6(1):1691833.

[18] Khan PA, et al. ”Injecting green innovation reporting into sustainability reporting,” in SHS Web of Conferences, 2021, vol. 124: EDP Sciences, p. 05003. https://doi.org/10.1051/shsconf/202112405003.

[19] Toha MA, Johl SK, Khan PA. Firm’s sustainability and societal development from the lens of fishbone eco-innovation: A moderating role of ISO 14001-2015 environmental management system. Processes (Basel). 2020;8(9):1152.

[20] Khan PA, Johl SK, Akhtar S. Firm sustainable development goals and firm financial performance through the lens of green innovation practices and reporting: a proactive approach. Journal of Risk and Financial Management. 2021;14(12):605.

[21] Wang X, Javaid MU, Bano S, Younas H, Jan A, Salameh AA. Interplay among institutional actors for sustainable economic development—Role of green policies, ecoprenuership, and green technological innovation. Frontiers in Environmental Science; 2022. p. 1557.

[22] Khan PA, Johl SK, Kumar A, Luthra S. Hope-hype of green innovation, corporate governance index, and impact on firm financial performance: a comparative study of Southeast Asian countries. Environmental Science and Pollution Research. 2023 Apr;30(19):55237–54.

[23] Jan AA, Lai FW, Tahir M. Developing an Islamic Corporate Governance framework to examine sustainability performance in Islamic Banks and Financial Institutions. Journal of Cleaner Production. 2021;315:128099.

[24] Jan A, Mata MN, Albinsson PA, Martins JM, Hassan RB, Mata PN. Alignment of islamic banking sustainability indicators with sustainable development goals: policy recommendations for addressing the covid-19 pandemic. Sustainability (Basel). 2021;13(5):2607.

[25] Jan A, Marimuthu M, Hassan R, Mehreen. Sustainable Business Practices and Firm’s Financial Performance in Islamic Banking: Under the Moderating Role of Islamic Corporate Governance. Sustainability (Basel). 2019;11(23):6606.

[26] Khan PA, Johl SK, Akhtar S. Vinculum of sustainable development goal practices and firms’ financial performance: A moderation role of green innovation. J Risk Financ Manag. 2022;15(3):96.

[27] Khan PA, Johl SK, Johl SK. Does adoption of ISO 56002￿2019 and green innovation reporting enhance the firm sustainable development goal performance? An emerging paradigm. Bus Strategy Environ. 2021;30(7):2922–2936.

[28] Jan A et al. ”Islamic corporate sustainability practices index aligned with SDGs towards better financial performance: Evidence from the Malaysian and Indonesian Islamic banking industry,” Journal of Cleaner Production. 2023 Jun;405. https://doi.org/10.1016/j.jclepro.2023.136860

[29] Kasinathan P, Pugazhendhi R, Elavarasan RM, Ramachandaramurthy VK, Ramanathan V, Subramanian S, et al. Realization of Sustainable Development Goals with Disruptive Technologies by Integrating Industry 5.0, Society 5.0, Smart Cities and Villages. Sustainability (Basel). 2022;14(22):15258.

[30] Khan PA, Johl SK, Akhtar S, Asif M, Salameh AA, Kanesan T. Open innovation of institutional investors and higher education system in creating open approach for SDG-4 quality education: a conceptual review. Journal of Open Innovation. 2022;8(1):49.

[31] Jan AA, Lai FW, Siddique J, Zahid M, Ali SE. A walk of corporate sustainability towards sustainable development: a bibliometric analysis of literature from 2005 to 2021. Environmental Science and Pollution Research. 2023 Mar;30(13):36521–36532.

[32] Zhu L, Ali M, Macioszek E, Aghaabbasi M, Jan A. Approaching sustainable bikesharing development: A systematic review of the influence of built environment features on bike-sharing ridership. Sustainability (Basel). 2022;14(10):5795.

[33] Jokić M, Ball R. Qualität und Quantität wissenschaftlicher Veröffentlichungen: Bibliometrische Aspekte der Wissenschaftskommunikation. Forschungszentrum Jülich, 2006.

[34] Xue X et al. ”Global trends and hotspots in research on rehabilitation robots: a bibliometric analysis from 2010 to 2020,” 2022;9:806723. https://doi.org/10.3389/fpubh.2021.806723

[35] Zhao H, Zhang F, Kwon JJ. ”Corporate social responsibility research in international business journals: An author co-citation analysis,” vol. 27, no. 2, pp. 389-400, 2018.

[36] Durieux V, Gevenois PA. ”Bibliometric indicators: quality measurements of scientific publication,” 2010;255(2):342-351.

[37] Bilal, et al. Virtual Learning During the COVID-19 Pandemic: A Bibliometric Review and Future Research Agenda. 2022. pp. 1353–1368.

[38] Ayan B, Güner A, Son-Turan SJL. ”Blockchain technology and sustainability in supply chains and a closer look at different industries: A mixed method approach.” 2022;6(4):85. https://doi.org/10.3390/logistics6040085

[39] Zhu J, Liu WJ. ”A tale of two databases: The use of Web of Science and Scopus in academic papers” 2020;123(1):321-335.

[40] Mongeon P, Paul-Hus AJ. The journal coverage of Web of Science and Scopus: a comparative analysis. 2016;106: 213–228.

[41] Kumpulainen M, Seppänen MJ. ”Combining Web of Science and Scopus datasets in citation-based literature study” 2022;127(10):5613-5631. https://doi.org/10.1007/s11192-022-04475-7

[42] Echchakoui SJ. ”Why and how to merge Scopus and Web of Science during bibliometric analysis: the case of sales force literature from 1912 to 2019,” 2020;8:165- 184.

[43] Aria M, Cuccurullo CJ. ”bibliometrix: An R-tool for comprehensive science mapping analysis.” 2017.11(4):959-975.

[44] Moral-Muñoz JA, Herrera-Viedma E, Santisteban-Espejo A, Cobo MJ. ”Software tools for conducting bibliometric analysis in science: An up-to-date review,” 2020;29(1).

[45] Aria M, Misuraca M, Spano MJ. Mapping the evolution of social research and data science on 30 years of Social Indicators Research. 2020;149:803–831.

[46] Hu H, Wei X, Hao Z. ”Theme evolution analysis of public security events based on hierarchical dirichlet process,” in Frontier Computing: Theory, Technologies and Applications (FC 2018) 7, 2019: Springer, pp. 40-49. https://doi.org/10.1007/978-981- 13-3648-5_5

[47] Srivastava and Planning, ”Mapping the influence of influencer marketing: a bibliometric analysis.” 2021;39(7):979-1003.

[48] Xiao Z, Qin Y, Xu J, Antucheviciene J, Zavadskas EKJB. ”The journal Buildings: A bibliometric analysis (2011–2021).” 2022;12(1):37. https://doi.org/10.3390/buildings12010037

[49] Jan A, Rahman HU, Zahid M, Salameh AA, Khan PA, Al-Faryan MA, et al. Islamic corporate sustainability practices index aligned with SDGs towards better financial performance: Evidence from the Malaysian and Indonesian Islamic banking industry. Journal of Cleaner Production. 2023;405:136860.