Trends and Future Directions on Adoption of Blockchain Technology for SDGs in VUCA World: A Bibliometric Analysis Academic Article uri icon

abstract

  • ABSTRACTIn today's VUCA (volatile, uncertain, complex, and ambiguous) world, business strategy and environmental responsibility are impactful forward‐thinking strategies, and stewardship with emerging technologies like Blockchain will foster long‐term viability, accountability, and improved stakeholder transparency. Blockchain's decentralized nature, transparency, and immutability technology transformed the theoretical approach to practical, ethical, and scalable, providing stakeholders with confidence. The study aims to extensively analyze existing literature to examine the adoption of blockchain technology (BCT) for achieving the United Nations' sustainable development goals (SDGs), including trends, the major themes, and future direction. Through the PRISMA approach, 183 articles were retrieved from Scopus and the WOS database for the years 2017–2023. The bibliometric study was conducted using the bibliophagy application from the R Studio package. The findings reveal that the intersection of SDGs and BCT holds promising opportunities for deeper interdisciplinary collaboration, international engagement, integration of emerging technologies, and the exploration of new research avenues. The findings also depict that countries like India, China, Australia, and Spain actively focus on the area of SDGs and BCT. Third, this study has explored all fundamental trends regarding the publication of productive authors with the affiliation institute and country. Fourthly, the study delved deeper into the methodology employed and examined the prominent topics and potential future directions. Finally, the research highlights important insights that broaden the theoretical understanding in an interdisciplinary field while offering practical guidance for companies, investors, and policymakers. By pinpointing research gaps and suggesting future directions, it enables decision‐makers to strategically align technology adoption with the SDGs. This approach not only fosters greater stakeholder trust but also helps prioritize investments in areas that yield significant impact on SDGs.

authors

  • Salim, Mohd
  • Khan, Parvez Alam
  • Rahman, Haseeb ur
  • Asif, Mohammad
  • Jan, Amin
  • Khan, Mohd Naved

publication date

  • 2025

start page

  • e70149

volume

  • 8

issue

  • 3