{"id":"https://openalex.org/W4322576471","doi":"https://doi.org/10.1109/tem.2022.3231057","title":"On the Applications of Blockchain in FinTech: Advancements and Opportunities","display_name":"On the Applications of Blockchain in FinTech: Advancements and Opportunities","publication_year":2023,"publication_date":"2023-02-27","ids":{"openalex":"https://openalex.org/W4322576471","doi":"https://doi.org/10.1109/tem.2022.3231057"},"language":"en","primary_location":{"id":"doi:10.1109/tem.2022.3231057","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2022.3231057","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051982406","display_name":"Christian Baliker","orcid":"https://orcid.org/0000-0002-7308-9320"},"institutions":[{"id":"https://openalex.org/I204593131","display_name":"College of Charleston","ror":"https://ror.org/00390t168","country_code":"US","type":"education","lineage":["https://openalex.org/I204593131"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Christian Baliker","raw_affiliation_strings":["Department of Computer Science, College of Charleston, Charleston, SC, USA"],"raw_orcid":"https://orcid.org/0000-0002-7308-9320","affiliations":[{"raw_affiliation_string":"Department of Computer Science, College of Charleston, Charleston, SC, USA","institution_ids":["https://openalex.org/I204593131"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5013606349","display_name":"Mohamed Baza","orcid":"https://orcid.org/0000-0001-5153-8693"},"institutions":[{"id":"https://openalex.org/I204593131","display_name":"College of Charleston","ror":"https://ror.org/00390t168","country_code":"US","type":"education","lineage":["https://openalex.org/I204593131"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mohamed Baza","raw_affiliation_strings":["Department of Computer Science, College of Charleston, Charleston, SC, USA"],"raw_orcid":"https://orcid.org/0000-0001-5153-8693","affiliations":[{"raw_affiliation_string":"Department of Computer Science, College of Charleston, Charleston, SC, USA","institution_ids":["https://openalex.org/I204593131"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038089287","display_name":"Abdullah Alourani","orcid":"https://orcid.org/0000-0001-6794-3677"},"institutions":[{"id":"https://openalex.org/I195631090","display_name":"Majmaah University","ror":"https://ror.org/01mcrnj60","country_code":"SA","type":"education","lineage":["https://openalex.org/I195631090"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Abdullah Alourani","raw_affiliation_strings":["Department of Computer Science and Information, Majmaah University, Al Majma'ah, Saudi Arabia"],"raw_orcid":"https://orcid.org/0000-0001-6794-3677","affiliations":[{"raw_affiliation_string":"Department of Computer Science and Information, Majmaah University, Al Majma'ah, Saudi Arabia","institution_ids":["https://openalex.org/I195631090"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5071666111","display_name":"Ali Alshehri","orcid":"https://orcid.org/0000-0002-3240-1955"},"institutions":[{"id":"https://openalex.org/I72264486","display_name":"University of Tabuk","ror":"https://ror.org/04yej8x59","country_code":"SA","type":"education","lineage":["https://openalex.org/I72264486"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Ali Alshehri","raw_affiliation_strings":["Department of Computer Science, University of Tabuk, Tabuk, Saudi Arabia"],"raw_orcid":"https://orcid.org/0000-0002-3240-1955","affiliations":[{"raw_affiliation_string":"Department of Computer Science, University of Tabuk, Tabuk, Saudi Arabia","institution_ids":["https://openalex.org/I72264486"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076631435","display_name":"Hani Alshahrani","orcid":"https://orcid.org/0000-0002-8799-9448"},"institutions":[{"id":"https://openalex.org/I47164929","display_name":"Najran University","ror":"https://ror.org/05edw4a90","country_code":"SA","type":"education","lineage":["https://openalex.org/I47164929"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Hani Alshahrani","raw_affiliation_strings":["Department of Computer Science, College of Computer Science and Information Systems, Najran University, Najran, Saudi Arabia"],"raw_orcid":"https://orcid.org/0000-0002-8799-9448","affiliations":[{"raw_affiliation_string":"Department of Computer Science, College of Computer Science and Information Systems, Najran University, Najran, Saudi Arabia","institution_ids":["https://openalex.org/I47164929"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001746807","display_name":"Kim\u2010Kwang Raymond Choo","orcid":"https://orcid.org/0000-0001-9208-5336"},"institutions":[{"id":"https://openalex.org/I45438204","display_name":"The University of Texas at San Antonio","ror":"https://ror.org/01kd65564","country_code":"US","type":"education","lineage":["https://openalex.org/I45438204"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kim-Kwang Raymond Choo","raw_affiliation_strings":["Department of Information Systems and Cyber Security, The University of Texas at San Antonio, San Antonio, TX, USA"],"raw_orcid":"https://orcid.org/0000-0001-9208-5336","affiliations":[{"raw_affiliation_string":"Department of Information Systems and Cyber Security, The University of Texas at San Antonio, San Antonio, TX, USA","institution_ids":["https://openalex.org/I45438204"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":6,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":22.8616,"has_fulltext":false,"cited_by_count":54,"citation_normalized_percentile":{"value":0.9949467,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"71","issue":null,"first_page":"6338","last_page":"6355"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9993000030517578,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9993000030517578,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10101","display_name":"Cloud Computing and Resource Management","score":0.941100001335144,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/blockchain","display_name":"Blockchain","score":0.9806369543075562},{"id":"https://openalex.org/keywords/fintech","display_name":"FinTech","score":0.48761072754859924},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4774092435836792},{"id":"https://openalex.org/keywords/work","display_name":"Work (physics)","score":0.4468211829662323},{"id":"https://openalex.org/keywords/simple","display_name":"Simple (philosophy)","score":0.41412559151649475},{"id":"https://openalex.org/keywords/data-science","display_name":"Data science","score":0.39542436599731445},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.38250043988227844},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.36137863993644714},{"id":"https://openalex.org/keywords/financial-services","display_name":"Financial services","score":0.3319641351699829},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.21350526809692383},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.11189970374107361}],"concepts":[{"id":"https://openalex.org/C2779687700","wikidata":"https://www.wikidata.org/wiki/Q20514253","display_name":"Blockchain","level":2,"score":0.9806369543075562},{"id":"https://openalex.org/C540431452","wikidata":"https://www.wikidata.org/wiki/Q16319025","display_name":"FinTech","level":3,"score":0.48761072754859924},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4774092435836792},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.4468211829662323},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.41412559151649475},{"id":"https://openalex.org/C2522767166","wikidata":"https://www.wikidata.org/wiki/Q2374463","display_name":"Data science","level":1,"score":0.39542436599731445},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38250043988227844},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.36137863993644714},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.3319641351699829},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.21350526809692383},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11189970374107361},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tem.2022.3231057","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2022.3231057","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.49000000953674316,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":113,"referenced_works":["https://openalex.org/W2113718246","https://openalex.org/W2162690303","https://openalex.org/W2499366559","https://openalex.org/W2571664857","https://openalex.org/W2593570536","https://openalex.org/W2755153065","https://openalex.org/W2765426316","https://openalex.org/W2767855054","https://openalex.org/W2776347745","https://openalex.org/W2781907197","https://openalex.org/W2794643813","https://openalex.org/W2810848232","https://openalex.org/W2811044672","https://openalex.org/W2885476203","https://openalex.org/W2889613668","https://openalex.org/W2890047196","https://openalex.org/W2891977327","https://openalex.org/W2899210042","https://openalex.org/W2905504004","https://openalex.org/W2910815950","https://openalex.org/W2912185192","https://openalex.org/W2921496777","https://openalex.org/W2922066369","https://openalex.org/W2930542388","https://openalex.org/W2956764802","https://openalex.org/W2969596668","https://openalex.org/W2969602038","https://openalex.org/W2970732929","https://openalex.org/W2974678080","https://openalex.org/W2977352974","https://openalex.org/W2978150127","https://openalex.org/W2983145744","https://openalex.org/W2990667067","https://openalex.org/W2999674664","https://openalex.org/W3000385461","https://openalex.org/W3004242559","https://openalex.org/W3005941557","https://openalex.org/W3008505042","https://openalex.org/W3009726668","https://openalex.org/W3013630947","https://openalex.org/W3014660692","https://openalex.org/W3037780118","https://openalex.org/W3038608529","https://openalex.org/W3039374296","https://openalex.org/W3041581906","https://openalex.org/W3041912729","https://openalex.org/W3044399918","https://openalex.org/W3046061825","https://openalex.org/W3047435823","https://openalex.org/W3060378425","https://openalex.org/W3080938745","https://openalex.org/W3082431408","https://openalex.org/W3096935680","https://openalex.org/W3102975965","https://openalex.org/W3111525612","https://openalex.org/W3122511010","https://openalex.org/W3126926119","https://openalex.org/W3133541070","https://openalex.org/W3146923164","https://openalex.org/W3155805670","https://openalex.org/W3159942444","https://openalex.org/W3162358200","https://openalex.org/W3162558883","https://openalex.org/W3168528884","https://openalex.org/W3176389077","https://openalex.org/W3177218899","https://openalex.org/W3177380395","https://openalex.org/W3178442881","https://openalex.org/W3180692471","https://openalex.org/W3180834389","https://openalex.org/W3183702703","https://openalex.org/W3192120210","https://openalex.org/W3198870673","https://openalex.org/W3203600380","https://openalex.org/W3205564888","https://openalex.org/W3208102209","https://openalex.org/W3208358039","https://openalex.org/W3212596195","https://openalex.org/W4200012139","https://openalex.org/W4200097514","https://openalex.org/W4205553605","https://openalex.org/W4205788220","https://openalex.org/W4205867124","https://openalex.org/W4210362568","https://openalex.org/W4210596279","https://openalex.org/W4214491470","https://openalex.org/W4214577894","https://openalex.org/W4214720628","https://openalex.org/W4214858439","https://openalex.org/W4220707818","https://openalex.org/W4221014740","https://openalex.org/W4221081754","https://openalex.org/W4221130921","https://openalex.org/W4224281903","https://openalex.org/W4225293759","https://openalex.org/W4225351194","https://openalex.org/W4225486515","https://openalex.org/W4225497969","https://openalex.org/W4225555985","https://openalex.org/W4226033184","https://openalex.org/W4226150181","https://openalex.org/W4232836212","https://openalex.org/W4255101927","https://openalex.org/W4280500474","https://openalex.org/W4287739163","https://openalex.org/W6745563861","https://openalex.org/W6768154530","https://openalex.org/W6794867450","https://openalex.org/W6795551194","https://openalex.org/W6796637867","https://openalex.org/W6810488307","https://openalex.org/W6811101316","https://openalex.org/W7002004815"],"related_works":["https://openalex.org/W4226408797","https://openalex.org/W3165314043","https://openalex.org/W4387663353","https://openalex.org/W4226191774","https://openalex.org/W2920102981","https://openalex.org/W4377289271","https://openalex.org/W3095064424","https://openalex.org/W4388950908","https://openalex.org/W4236175232","https://openalex.org/W4390448871"],"abstract_inverted_index":{"Financial":[0],"Technology":[1],"(FinTech)":[2],"has":[3],"expanded":[4],"beyond":[5],"simple":[6],"mobile":[7],"banking":[8],"to":[9,34,64],"online":[10],"money":[11],"transfers,":[12],"crowdfunding,":[13],"and":[14,25,77],"managing":[15],"individual":[16],"investments.":[17],"This":[18],"reinforces":[19],"the":[20,54,73],"importance":[21],"of":[22,53,56],"ensuring":[23],"security":[24],"privacy":[26],"in":[27,81],"FinTech,":[28],"e.g.,":[29],"using":[30],"Blockchain":[31],"(hereafter":[32],"referred":[33],"as":[35],"Blockchain-based":[36,47,82],"FinTech":[37,48,83],"applications).":[38],"In":[39],"this":[40,70],"work,":[41],"we":[42],"will":[43],"systematically":[44],"summarize":[45],"recent":[46],"applications.":[49,84],"As":[50],"a":[51],"result":[52],"advancement":[55],"BFinTech,":[57],"several":[58],"novel":[59],"cyberattacks":[60],"have":[61],"been":[62],"evolved":[63],"potentially":[65],"impact":[66],"BFinTech":[67],"functionalities.":[68],"Thus,":[69],"work":[71],"highlights":[72],"open":[74],"research":[75,79],"challenges":[76],"future":[78],"directions":[80]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":22},{"year":2024,"cited_by_count":19},{"year":2023,"cited_by_count":4},{"year":2021,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}