Evolution of ESG-focused DLT Research: An NLP Analysis of the Literature

Fuente: arXiv
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Main Authors: Cruz, Walter Hernandez, Tylinski, Kamil, Moore, Alastair, Roche, Niall, Vadgama, Nikhil, Treiblmaier, Horst, Shangguan, Jiangbo, Tasca, Paolo, Xu, Jiahua
Format: Preprint
Published: 2023
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_version_ 1866913896849211392
author Cruz, Walter Hernandez
Tylinski, Kamil
Moore, Alastair
Roche, Niall
Vadgama, Nikhil
Treiblmaier, Horst
Shangguan, Jiangbo
Tasca, Paolo
Xu, Jiahua
author_facet Cruz, Walter Hernandez
Tylinski, Kamil
Moore, Alastair
Roche, Niall
Vadgama, Nikhil
Treiblmaier, Horst
Shangguan, Jiangbo
Tasca, Paolo
Xu, Jiahua
contents Distributed Ledger Technology (DLT) faces increasing environmental scrutiny, particularly concerning the energy consumption of the Proof of Work (PoW) consensus mechanism and broader Environmental, Social, and Governance (ESG) issues. However, existing systematic literature reviews of DLT rely on limited analyses of citations, abstracts, and keywords, failing to fully capture the field's complexity and ESG concerns. We address these challenges by analyzing the full text of 24,539 publications using Natural Language Processing (NLP) with our manually labeled Named Entity Recognition (NER) dataset of 39,427 entities for DLT. This methodology identified 505 key publications at the DLT/ESG intersection, enabling comprehensive domain analysis. Our combined NLP and temporal graph analysis reveals critical trends in DLT evolution and ESG impacts, including cryptography and peer-to-peer networks research's foundational influence, Bitcoin's persistent impact on research and environmental concerns (a "Lindy effect"), Ethereum's catalytic role on Proof of Stake (PoS) and smart contract adoption, and the industry's progressive shift toward energy-efficient consensus mechanisms. Our contributions include the first DLT-specific NER dataset addressing the scarcity of high-quality labeled NLP data in blockchain research, a methodology integrating NLP and temporal graph analysis for large-scale interdisciplinary literature reviews, and the first NLP-driven literature review focusing on DLT's ESG aspects.
format Preprint
id arxiv_https___arxiv_org_abs_2308_12420
institution arXiv
publishDate 2023
record_format arxiv
spellingShingle Evolution of ESG-focused DLT Research: An NLP Analysis of the Literature
Cruz, Walter Hernandez
Tylinski, Kamil
Moore, Alastair
Roche, Niall
Vadgama, Nikhil
Treiblmaier, Horst
Shangguan, Jiangbo
Tasca, Paolo
Xu, Jiahua
Information Retrieval
Computation and Language
Machine Learning
Distributed Ledger Technology (DLT) faces increasing environmental scrutiny, particularly concerning the energy consumption of the Proof of Work (PoW) consensus mechanism and broader Environmental, Social, and Governance (ESG) issues. However, existing systematic literature reviews of DLT rely on limited analyses of citations, abstracts, and keywords, failing to fully capture the field's complexity and ESG concerns. We address these challenges by analyzing the full text of 24,539 publications using Natural Language Processing (NLP) with our manually labeled Named Entity Recognition (NER) dataset of 39,427 entities for DLT. This methodology identified 505 key publications at the DLT/ESG intersection, enabling comprehensive domain analysis. Our combined NLP and temporal graph analysis reveals critical trends in DLT evolution and ESG impacts, including cryptography and peer-to-peer networks research's foundational influence, Bitcoin's persistent impact on research and environmental concerns (a "Lindy effect"), Ethereum's catalytic role on Proof of Stake (PoS) and smart contract adoption, and the industry's progressive shift toward energy-efficient consensus mechanisms. Our contributions include the first DLT-specific NER dataset addressing the scarcity of high-quality labeled NLP data in blockchain research, a methodology integrating NLP and temporal graph analysis for large-scale interdisciplinary literature reviews, and the first NLP-driven literature review focusing on DLT's ESG aspects.
title Evolution of ESG-focused DLT Research: An NLP Analysis of the Literature
topic Information Retrieval
Computation and Language
Machine Learning
url https://arxiv.org/abs/2308.12420