Affordances, experimentation and actualization of FinTech: A blockchain implementation study
By W. Du, Shan Ling Pan, Dorothy Elliott Leidner, Wenchi Ying. Journal of strategic information systems, 2019
302 citations recorded by the source corpus.
Abstract Blockchain, the technology underlying bitcoin, is an emerging financial technology (FinTech) that is poised to have strategic impacts on organizations. Because it is a new phenomenon, there are few studies on blockchain, and those studies have focused mainly on the technology’s potential impacts, whereas how to effectively implement it in an organization remains unknown. Our study intends to fill that gap. Using affordance-actualization (A-A) theory as the theoretical lens, we conducted a case study of blockchain implementation in an organization that has effectively implemented it. We identify three affordances of blockchain in the organization and a process model whereby these affordances are actualized. The process model extends A-A theory by adding an experimentation phase where blockchain’s use cases within the organization are identified, developed and tested through conceptual adaptation and constraint mitigation. Our study makes important theoretical contributions to the literature on A-A theory, blockchain, information technology (IT) implementation, and strategic information systems (SIS). Our study can also help IT practitioners to implement blockchain effectively and extract value from their investment.
Subfields: Information Systems, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/c73e6c8288fa631d5af6e02c3e8ef07c3e364118
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Citations in the corpus
- Fintech investments in European banks: a hybrid IT2 fuzzy multidimensional decision-making approach (2021, background): “Additionally, Guo and Liang (2016), Du et al. (2019), and Eyal (2017) investigated the importance of Fintech in banking.”
- Adoption Intention of Fintech Services for Bank Users: An Empirical Examination with an Extended Technology Acceptance Model (2019, background): “…areas such as e-commerce mobile payment, the uniqueness of Fintech services (e.g., privacy and security challenges, government encouragement, etc.) results in a significant difference between the TAM and the information technology adoption of traditional e-commerce in the application process [20].”
- Accounting and auditing with blockchain technology and artificial Intelligence: A literature review (2023, unknown): “For example, accounting is currently far from automated and entails labour-intensive tasks wherein data is manually added to spreadsheets or accounting software (Deloitte, 2016; Du et al., 2019; Martin, 2018; Vasarhelyi, 2012).”