Review of blockchain application in banking: A bibliometric approach

The increasing popularity of blockchain technology has garnered considerable attention within the banking sector, leading to a surge in research and implementation efforts. This study explores the current academic literature on blockchain implementation within the banking domain.

This study conducts a comprehensive bibliometric analysis to scrutinize the existing literature concerning the integration of blockchain technology in banking.

The thematic analysis reveals nine distinct clusters around the four quadrants, the central focus of which revolves around cryptocurrencies, payment services, operational efficiency enhancement, and reduction of transaction costs and intermediaries.

The study uncovers several future research avenues, including investigating regulatory intervention, challenges in blockchain implementation, knowledge sharing impact, privacy, and ethical concerns, trust in monetary transactions, cost reduction's relationship with investment decisions, competitive advantages, and operating performance concerning blockchain technology in banking.