Blockchain adoption: A value driver perspective
By Jannis J. Angelis, Elias Hans Dener Ribeiro da Silva. Business Horizons, 2019
321 citations recorded by the source corpus.
Abstract The ongoing discussion regarding blockchain technologies is focused primarily on cryptocurrencies, but blockchain features and functionalities have developed beyond financial instruments. As the technologies provide new functionalities, the associated value proposition changes as well. This study explores the relationship between blockchain technologies and their underlying value drivers. Four identified distinct blockchain stages of increased maturity are analyzed and discussed. This covers the evolutionary technology types focused on transactions, smart contracts, decentralized applications, and the introduction of artificial intelligence supporting decentralized decision making. In addition, we address management issues around appropriate blockchain adoption using a blockchain value driver-focused framework that gives decision makers actionable questions and recommendations. We provide practitioners with a method for assessing suitable blockchain adoption that addresses the specific value creation associated with a given organizational strategy. For academics, we critically identify and assess the characteristics of the blockchain stages and their strategy implications and provide a structured approach conceptualizing blockchain technology evolution.
Subfields: Information Systems, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/549d8b22967fb8bac47ef98231d9129ba6ff1ee0
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In Information Systems
- Dinh C. Nguyen
- Pubudu N. Pathirana
- Shuangfa Huang
- Diego Vazquez-Brust
- Simonov Kusi‐Sarpong
- Ifeyinwa Juliet Orji
In Management Information Systems
In Strategy and Management
Citations in the corpus
- A Survey on Blockchain for Big Data: Approaches, Opportunities, and Future Directions (2020, background): “also eliminates the chances of corruption which is especially evident in a public blockchain that allows everyone to see the transactions but does not allow altering the data stored in the blockchain [46, 47]. (2) Decentralization: The network is not governed by a single authority but a group of nod”
- Evaluating the factors that influence blockchain adoption in the freight logistics industry (2020, background): “It can also be defined as a secure record of historical transactions, collected into blocks, chained in chronological order, and distributed across a number of different servers to create reliable provenance (Angelis and Ribeiro da Silva, 2019).”
- Accounting and auditing with blockchain technology and artificial Intelligence: A literature review (2023, unknown): “Blockchain 4.0 is for the joint use of blockchain and AI (Angelis and Ribeiro da Silva, 2019).”