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Sustainable Technology Analysis of Blockchain Using Generalized Additive Modeling

Author

Listed:
  • Sangsung Park

    (Department of Big Data and Statistics, Cheongju University, Chungbuk 28503, Korea)

  • Sunghae Jun

    (Department of Big Data and Statistics, Cheongju University, Chungbuk 28503, Korea)

Abstract

Blockchain is a secure distributed management technology for data. Until now, blockchain technology has been intensively developed in financial fields such as Bitcoin. As the blockchain technology develops, the application fields of blockchain are expected to further expand. We proposed a technology analysis method for sustainability of blockchain technology. We analyzed the patent documents related to blockchain for sustainable technology analysis. To carry out the technology analysis, we preprocessed the patent documents and built a structure data, document-term matrix. In general, most elements of this matrix are zeros, so it is very skewed. Due to the skewness, technology analysis by traditional methods of statistics has analytical difficulty. To overcome this problem, we proposed a technology analysis method based on generalized additive modeling. To show how our proposed method can be applied to practical fields, we collected and analyzed the patent documents of blockchain technology.

Suggested Citation

  • Sangsung Park & Sunghae Jun, 2020. "Sustainable Technology Analysis of Blockchain Using Generalized Additive Modeling," Sustainability, MDPI, vol. 12(24), pages 1-15, December.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:24:p:10501-:d:462567
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    References listed on IDEAS

    as
    1. Junhyeog Choi & Sunghae Jun & Sangsung Park, 2016. "A Patent Analysis for Sustainable Technology Management," Sustainability, MDPI, vol. 8(7), pages 1-13, July.
    2. Jong-Min Kim & Bainwen Sun & Sunghae Jun, 2019. "Sustainable Technology Analysis Using Data Envelopment Analysis and State Space Models," Sustainability, MDPI, vol. 11(13), pages 1-19, June.
    3. Sunghae Jun, 2018. "Bayesian Count Data Modeling for Finding Technological Sustainability," Sustainability, MDPI, vol. 10(9), pages 1-12, September.
    4. Nadarajah, Saralees & Chu, Jeffrey, 2017. "On the inefficiency of Bitcoin," Economics Letters, Elsevier, vol. 150(C), pages 6-9.
    5. Stasinopoulos, D. Mikis & Rigby, Robert A., 2007. "Generalized Additive Models for Location Scale and Shape (GAMLSS) in R," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 23(i07).
    6. Pasquale Giungato & Roberto Rana & Angela Tarabella & Caterina Tricase, 2017. "Current Trends in Sustainability of Bitcoins and Related Blockchain Technology," Sustainability, MDPI, vol. 9(12), pages 1-11, November.
    7. Sangsung Park & Sunghae Jun, 2017. "Statistical Technology Analysis for Competitive Sustainability of Three Dimensional Printing," Sustainability, MDPI, vol. 9(7), pages 1-16, June.
    8. Escobar, Neus & Laibach, Natalie, 2021. "Sustainability check for bio-based technologies: A review of process-based and life cycle approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Marian Simion Cernea, PhD Student, & Oana Cristina Balacciu (Ene), PhD Student, & Cosmin-Mihai Monac, PhD Student, & Aurelian Vrânceanu, PhD Student, & Ion-Ionuț Bratu, PhD Student,, 2022. "The Perspective Of The Implementation Of The Blockchain Within Romanian Companies," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 11(1), pages 1-6, Septembri.
    2. Marian Simion Cernea, PhD Student, & Oana Cristina Balacciu (Ene), PhD Student, & Cosmin-Mihai Monac, PhD Student, & Aurelian Vrânceanu, PhD Student, & Ion-Ionuț Bratu, PhD Student,, 2022. "The Perspective Of The Implementation Of The Blockchain Within Romanian Companies," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 11(2), pages 1-6, Septembri.

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