Blockchain-driven Business Models: A Bibliometric Review and Future Research Directions

This study aims to provide a detailed bibliometric examination of the progression and prospect of research on blockchain-driven technology for business models in effective business practices. The study reviews a sample of 100 journal articles published between 2017 and 2023, according to the Scopus database index. The study presents the most influential articles, as well as the top contributing journals, authors, institutions, and countries. The major publications are from China, Germany, and the United Kingdom. Furthermore, using bibliographic coupling, the study identifies six key topical clusters within the existing body of literature: Industry 4.0 and circular economy practices for environmental sustainability; blockchain technology framework for the tourism industry; blockchain-enabled supply chain design; blockchain-supported business model design and supply chain resilience; impact of blockchain technologies on business models; and smart contracts for sustainable business models, respectively. The key limitation of this study is relying only on the Scopus dataset and missing some emerging trends such as decentralized finance, supply chain sustainability, and regulatory frameworks in the context of blockchain-driven business models. There is a need for continued exploration of these emerging trends. A closer qualitative examination of the clusters helped in mapping the progression of current research in the domain to suggest strategic directions for future research and suggested a framework.