IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i18p7949-d1476172.html
   My bibliography  Save this article

Using Blockchain Technology for Sustainability and Secure Data Management in the Energy Industry: Implications and Future Research Directions

Author

Listed:
  • Marianna Lezzi

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

  • Vito Del Vecchio

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

  • Mariangela Lazoi

    (Department of Engineering for Innovation, University of Salento, 73100 Lecce, Italy)

Abstract

In the current era of digital transformation, among the plethora of technologies, blockchain (BC) technology has attracted attention, carrying the weight of enormous expectations in terms of its applicability and benefits. BC technology promises immutability, reliability, transparency, and security of transactions, using decentralized models to scale up existing Internet of Things (IoT) solutions while guaranteeing privacy. In the energy industry, BC technology is mainly used to secure distributed power grids, which have proven to be easily hackable by malicious users. Recognizing the need for a preliminary analysis of the literature investigating the role of BC technology for sustainability and secure data management in the energy industry, this study conducts a bibliometric analysis, identifying the implications and research directions in the field. Specifically, a performance analysis and scientific mapping are performed on 943 documents using the Scopus database and the VOSviewer software version 1.6.20. The result is the identification of seven thematic clusters and the most relevant implications as well as future research actions at the strategic, technical, regulatory, and social levels. This study extends the literature by suggesting potential sustainability opportunities regarding BC technology adoption in the energy industry; it also supports managers in identifying strategies to strengthen business sustainability by leveraging the development of new knowledge for secure asset management.

Suggested Citation

  • Marianna Lezzi & Vito Del Vecchio & Mariangela Lazoi, 2024. "Using Blockchain Technology for Sustainability and Secure Data Management in the Energy Industry: Implications and Future Research Directions," Sustainability, MDPI, vol. 16(18), pages 1-22, September.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:18:p:7949-:d:1476172
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/18/7949/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/18/7949/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Veerasamy, Veerapandiyan & Hu, Zhijian & Qiu, Haifeng & Murshid, Shadab & Gooi, Hoay Beng & Nguyen, Hung Dinh, 2024. "Blockchain-enabled peer-to-peer energy trading and resilient control of microgrids," Applied Energy, Elsevier, vol. 353(PA).
    2. E.C.M. Noyons & H.F. Moed & M. Luwel, 1999. "Combining mapping and citation analysis for evaluative bibliometric purposes: A bibliometric study," Journal of the American Society for Information Science, Association for Information Science & Technology, vol. 50(2), pages 115-131.
    3. Wang, Yunsen & Kogan, Alexander, 2018. "Designing confidentiality-preserving Blockchain-based transaction processing systems," International Journal of Accounting Information Systems, Elsevier, vol. 30(C), pages 1-18.
    4. Christian Sternitzke & Isumo Bergmann, 2009. "Similarity measures for document mapping: A comparative study on the level of an individual scientist," Scientometrics, Springer;Akadémiai Kiadó, vol. 78(1), pages 113-130, January.
    5. Kavyan Zoughalian & Jims Marchang & Bogdan Ghita, 2022. "A Blockchain Secured Pharmaceutical Distribution System to Fight Counterfeiting," IJERPH, MDPI, vol. 19(7), pages 1-32, March.
    6. Ole Ellegaard & Johan A. Wallin, 2015. "The bibliometric analysis of scholarly production: How great is the impact?," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(3), pages 1809-1831, December.
    7. Schlecht, Laura & Schneider, Sabrina & Buchwald, Arne, 2021. "The prospective value creation potential of Blockchain in business models: A delphi study," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    8. van Oorschot, Johannes A.W.H. & Hofman, Erwin & Halman, Johannes I.M., 2018. "A bibliometric review of the innovation adoption literature," Technological Forecasting and Social Change, Elsevier, vol. 134(C), pages 1-21.
    9. Georgios Lampropoulos, 2024. "Blockchain in Smart Grids: A Bibliometric Analysis and Scientific Mapping Study," J, MDPI, vol. 7(1), pages 1-29, January.
    10. Igor Radanović & Robert Likić, 2018. "Opportunities for Use of Blockchain Technology in Medicine," Applied Health Economics and Health Policy, Springer, vol. 16(5), pages 583-590, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Weisheng Chiu & Thomas Chun Man Fan & Sang-Back Nam & Ping-Hung Sun, 2021. "Knowledge Mapping and Sustainable Development of eSports Research: A Bibliometric and Visualized Analysis," Sustainability, MDPI, vol. 13(18), pages 1-17, September.
    2. Victor Tiberius & Meike Rietz & Ricarda B. Bouncken, 2020. "Performance Analysis and Science Mapping of Institutional Entrepreneurship Research," Administrative Sciences, MDPI, vol. 10(3), pages 1-21, September.
    3. Rosanna Cataldo & Leonardo Salvatore Alaimo & Maria Gabriella Grassia & Filomena Maggino, 2024. "How Subjective Well-being Evolved Over Time: Insights from Bibliometric and Text Mining Analyses," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 19(5), pages 2389-2415, October.
    4. Juan Vidal & Ramón A. Carrasco & Manuel J. Cobo & María F. Blasco, 2024. "Data Sources as a Driver for Market-Oriented Tourism Organizations: a Bibliometric Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7588-7621, June.
    5. Cobo, M.J. & López-Herrera, A.G. & Herrera-Viedma, E. & Herrera, F., 2011. "An approach for detecting, quantifying, and visualizing the evolution of a research field: A practical application to the Fuzzy Sets Theory field," Journal of Informetrics, Elsevier, vol. 5(1), pages 146-166.
    6. Jörg Weking & Michael Mandalenakis & Andreas Hein & Sebastian Hermes & Markus Böhm & Helmut Krcmar, 2020. "The impact of blockchain technology on business models – a taxonomy and archetypal patterns," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(2), pages 285-305, June.
    7. Piñeiro-Chousa, Juan & López-Cabarcos, M. Ángeles & Romero-Castro, Noelia María & Pérez-Pico, Ada María, 2020. "Innovation, entrepreneurship and knowledge in the business scientific field: Mapping the research front," Journal of Business Research, Elsevier, vol. 115(C), pages 475-485.
    8. Lucy Semerjian & Kunle Okaiyeto & Mike O. Ojemaye & Temitope Cyrus Ekundayo & Aboi Igwaran & Anthony I. Okoh, 2021. "Global Systematic Mapping of Road Dust Research from 1906 to 2020: Research Gaps and Future Direction," Sustainability, MDPI, vol. 13(20), pages 1-21, October.
    9. Quevedo Cascante, Mónica & Acosta García, Nicolás & Fold, Niels, 2022. "The role of external forces in the adoption of aquaculture innovations: An ex-ante case study of fish farming in Colombia's southern Amazonian region," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    10. Sten F Odenwald, 2020. "A citation study of earth science projects in citizen science," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-26, July.
    11. Gaviria-Marin, Magaly & Merigó, José M. & Baier-Fuentes, Hugo, 2019. "Knowledge management: A global examination based on bibliometric analysis," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 194-220.
    12. Migliavacca, Milena & Goodell, John W. & Paltrinieri, Andrea, 2023. "A bibliometric review of portfolio diversification literature," International Review of Financial Analysis, Elsevier, vol. 90(C).
    13. Firuz Kamalov & Mehdi Gheisari & Yang Liu & Mohammad Reza Feylizadeh & Sherif Moussa, 2023. "Critical Controlling for the Network Security and Privacy Based on Blockchain Technology: A Fuzzy DEMATEL Approach," Sustainability, MDPI, vol. 15(13), pages 1-16, June.
    14. Xuefeng Wang & Huichao Ren & Yun Chen & Yuqin Liu & Yali Qiao & Ying Huang, 2019. "Measuring patent similarity with SAO semantic analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(1), pages 1-23, October.
    15. Gallego-Losada, María-Jesús & Montero-Navarro, Antonio & García-Abajo, Elisa & Gallego-Losada, Rocío, 2023. "Digital financial inclusion. Visualizing the academic literature," Research in International Business and Finance, Elsevier, vol. 64(C).
    16. Gregorio González-Alcaide, 2021. "Bibliometric studies outside the information science and library science field: uncontainable or uncontrollable?," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(8), pages 6837-6870, August.
    17. Tian Wang & Zhaoping Yang & Xiaodong Chen & Fang Han, 2022. "Bibliometric Analysis and Literature Review of Tourism Destination Resilience Research," IJERPH, MDPI, vol. 19(9), pages 1-16, May.
    18. Nuno Aluai Carvalho & Maria da Conceição Martins, 2024. "Education to Promote Healthy and Sustainable Eating Habits: A Bibliometric Analysis," Sustainability, MDPI, vol. 16(22), pages 1-14, November.
    19. Perez-Vega, Rodrigo & Hopkinson, Paul & Singhal, Aishwarya & Mariani, Marcello M., 2022. "From CRM to social CRM: A bibliometric review and research agenda for consumer research," Journal of Business Research, Elsevier, vol. 151(C), pages 1-16.
    20. Carine Dominguez-Péry & Lakshmi Narasimha Raju Vuddaraju & Isabelle Corbett-Etchevers & Rana Tassabehji, 2021. "Reducing maritime accidents in ships by tackling human error: a bibliometric review and research agenda," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-32, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:18:p:7949-:d:1476172. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.