• Abstract

    The integration of blockchain technology into financial markets has sparked significant scholarly interest, particularly in the context of stock market prediction. This bibliometric analysis aims to provide a comprehensive overview of research trends, influential publications, and emerging themes within this interdisciplinary domain from 2018 to 2025. Drawing data from Scopus the study utilizes bibliometric tools such as Biblioshiny and VOSviewer to analyse publication outputs, citation patterns, co-authorship networks, and keyword co-occurrence. The findings reveal a consistent growth in academic contributions, especially after 2019, reflecting blockchain’s increasing relevance in financial prediction and its convergence with machine learning, deep learning, and artificial intelligence. Key research clusters identified include algorithmic trading, decentralized finance (DeFi), cryptographic modelling, and predictive analytics. The analysis also highlights leading journals, authors, and institutions contributing to the advancement of this field. However, certain limitations are acknowledged. The focus on selected databases may have excluded valuable contributions from platforms such as IEEE Xplore, SSRN, or non-indexed proceedings. Additionally, the keyword-based search strategy may have overlooked studies using alternative terminologies. The temporal scope may also bias the analysis toward recent developments while underrepresenting foundational research. The study offers a valuable reference point for scholars and practitioners, mapping the intellectual structure and thematic progression of blockchain-based stock prediction research. Future studies are encouraged to adopt multi-database approaches, combine quantitative and qualitative methods, and explore regulatory and regional variations to enrich understanding and guide practical implementation.

  • References

    1. Abdullah, S., Rothenberg, S., Siegel, E., & Kim, W. (2020). School of Block–Review of Blockchain for the Radiologists. Academic Radiology, 27(1), 47–57. https://doi.org/10.1016/j.acra.2019.06.025
    2. Agarwal, N., Wongthongtham, P., Khairwal, N., & Coutinho, K. (2023). Blockchain Application to Financial Market Clearing and Settlement Systems. Journal of Risk and Financial Management, 16(10), 452. https://doi.org/10.3390/jrfm16100452
    3. Arshi, A., & Padma N, M. J. (2022). A Hybrid Machine Learning Technique for Stork Market Prices Prediction. INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT, 06(03). https://doi.org/10.55041/IJSREM12065
    4. Bauvars, J. (2021). Applicability of Blockchain Technology in Securities Settlement. Complex Systems Informatics and Modeling Quarterly, 28, 34–58. https://doi.org/10.7250/csimq.2021-28.03
    5. Belhadi, A., Mani, V., Kamble, S. S., Khan, S. A. R., & Verma, S. (2024). Artificial intelligence-driven innovation for enhancing supply chain resilience and performance under the effect of supply chain dynamism: an empirical investigation. Annals of Operations Research, 333(2–3), 627–652. https://doi.org/10.1007/s10479-021-03956-x
    6. Han, S., Ulhøi, J. P., & Song, H. (2024). Digital trust in supply chain finance: the role of innovative fintech service provision. Journal of Enterprise Information Management, 37(6), 1737–1762. https://doi.org/10.1108/JEIM-07-2022-0238
    7. Kazachenok, O. P., Stankevich, G. V., Chubaeva, N. N., & Tyurina, Y. G. (2023). Economic and legal approaches to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG Finance. Humanities and Social Sciences Communications, 10(1), 167. https://doi.org/10.1057/s41599-023-01652-8
    8. Kim, J.-S., Shin, J.-M., Choi, S.-H., & Choi, Y.-H. (2022). A Study on Prevention and Automatic Recovery of Blockchain Networks Against Persistent Censorship Attacks. IEEE Access, 10, 110770–110784. https://doi.org/10.1109/ACCESS.2022.3214213
    9. Liu, Z. (2023). Stock Price Prediction Based on Daily News Headlines: Logistic Regression Model and LSTM Model. Advances in Economics, Management and Political Sciences, 45(1), 121–129. https://doi.org/10.54254/2754-1169/45/20230271
    10. Lo, Y., & Medda, F. (2020). Uniswap and the Rise of the Decentralized Exchange. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3715398
    11. Luo, S. (2021). (2021). Review on the Application of Machine Learning in Stock Forecasting. Academic Journal of Business & Management, 3(4). https://doi.org/10.25236/AJBM.2021.030407
    12. Pal, A., Tiwari, C. K., & Behl, A. (2021). Blockchain technology in financial services: a comprehensive review of the literature. Journal of Global Operations and Strategic Sourcing, 14(1), 61–80. https://doi.org/10.1108/JGOSS-07-2020-0039
    13. Singh, S. (2024). Decentralized Finance (DeFi): Exploring the Role of Blockchain and Cryptocurrency in Financial Ecosystems. International Research Journal of Modernization in Engineering Technology and Science. https://doi.org/10.56726/IRJMETS48585
    14. Subagio, H., & Sitepu, R. (2023). Reading Big Data by Machine Learning: The Used of Computer Science for Human Life. Jurnal Penelitian Pendidikan IPA, 9(10), 8588–8593. https://doi.org/10.29303/jppipa.v9i10.4752
    15. Wang, X. (2023). Algorithms and Research in Accounting Application Based on Artificial Intelligence. Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7–9, 2023, Chongqing, China. https://doi.org/10.4108/eai.7-7-2023.2338051

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Copyright (c) 2026 The Authors

How to cite

Devi, K. N., Narasimha, L., Sujatha, N., Geetha, Y., Praveena, S., & Taiba, K. A. (2025). Blockchain applications in stock market prediction: A bibliometric analysis of research trends and emerging themes (2015–2025). NexusTech, 1(1), 2025001. https://doi.org/10.31893/tech.2025001
  • Article viewed - 635
  • PDF downloaded - 36