Blockchain Technology and Its Role in Value Creation and Capture: A Comprehensive Bibliometric Review

This study aims to analyze the role of blockchain technology in value creation and capture mechanisms, examining how its emerging applications – including smart contracts, NFTs, and cryptocurrencies – are transforming business models. The existing literature has addressed the topic of blockchain in various contexts, initially focusing on the financial sector, as the first application of this technology was bitcoin. However, in recent years, research attention has expanded to sectors such as supply chain management, circular economy, digital transformation, and the sharing economy (Dutta et al., 2020; Pazaitis et al., 2017; Upadhyay, 2021; Massaro, 2023). Several literature reviews have focused on blockchain technology in different contexts. Some have identified the key themes connecting blockchain to the business world, others have analyzed the interdependencies required for the adoption of blockchain technology, while others have examined blockchain's contributions to the internet of value (Sun et al., 2022; Yuthas and Appleyard, 2022; Sestino et al., 2022).