Unveiling the Landscape of Blockchain Adoption in Financial Services: A Bibliometric Analysis

Blockchain technology (BT), initially introduced as the underlying technology for cryptocurrencies, has rapidly gained attention in the financial sector, which has emerged as a focal point for the adoption of Blockchain technology (BT), driven by the increased efficiency, transparency, security, and reduced operational costs. Smart contracts based on blockchain enable automation of processes and real-time transaction tracking streamlining operations and reducing the potential for errors. Emerging fintech startups can capitalize on blockchain’s disruptive potential to offer alternative financial services that bypass traditional intermediaries, thus reshaping the competitive landscape. This research carries out a bibliometric analysis, uncovering the trends, patterns, and implications of research related to the adoption of blockchain technology in the financial sector by systematically reviewing and quantitatively analysing a comprehensive collection of scholarly articles from Scopus Database. The study offers insights by data analysis and visualization into the evolution of research, key contributors, emerging themes, and potential avenues for future exploration.