An Overview on Technical Characteristics of Blockchain Platforms

Moezkarimi, Zahra; Nourmohammadi, Reza; Zamani, Sima; Abdollahei, Fatemeh; Golmirzaei, Zahra; Arabsorkhi, Abuzar

doi:10.1007/978-3-030-33495-6_20

Cited by 6 publications

(5 citation statements)

References 14 publications

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“…This illustrates organizations perceive blockchain technology to be recurrently changing and consistently evolving which, in turn, reduces their intention to adopt. The immaturity, rapid evolution and the multitude of existing blockchain platforms has been noted in prior research (Moezkarimi et al, 2019). Organizations would prefer to adopt blockchain technology when it has gained more maturity, as they do not want to risk wasted resources or the possibility of re-work resulting from developing or purchasing a solution today, that could be obsolete or outdated within a short period.…”

Section: Discussionmentioning

confidence: 99%

“…The current research extends this definition to include perceptions that the technology is expected to experience recurrent changes or experience rapid innovation. Although blockchain has been around since 2008 (Nakamoto, 2008), it is still relatively immature (Moezkarimi et al, 2019). It is still being rapidly developed, improved, and changed to incorporate new features.…”

Section: Perceived Technological Volatilitymentioning

confidence: 99%

“…A standardized implementation methodology has not been developed to guide organizations with their new blockchain ventures. Novel blockchain solutions are created frequently and others are discontinued creating a diverse and ever changing set of platforms (Moezkarimi et al, 2019). Even the most stable blockchain implementations need to make changes, update their standards, modify their rules and/or implement new protocols.…”

Section: Perceived Technological Volatilitymentioning

confidence: 99%

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High Interest, Low Adoption. A Mixed-Method Investigation Into the Factors Influencing Organizational Adoption of Blockchain Technology

Kennedy¹

2024

Preprint

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Statistics show high levels of interest in blockchain technology, however, considerable adoption has not occurred. This research examines why interest is high, yet levels of adoption are low, by identifying the factors influencing blockchain’s adoption and systematizing them into a theoretical framework. A mixed methodology is used to address the adoption factors. First, a qualitative approach is used to discover the factors from primary data collected from 25 interviews with 23 different organizations. Second, a survey is employed to empirically test the factors with 146 employees from 71 organizations. A total of 18 factors are discovered and seven are tested. The findings support and validate several factors influencing blockchain adoption and contribute a novel factor; perceived technological volatility. A new empirically validated scale is developed to measure organizational perceptions of a technology’s volatility. Furthermore, this research is one of the first to employ a mixed methodology to address blockchain technology adoption.

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Section: Discussionmentioning

confidence: 99%

Section: Perceived Technological Volatilitymentioning

confidence: 99%

Section: Perceived Technological Volatilitymentioning

confidence: 99%

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High Interest, Low Adoption. A Mixed-Method Investigation Into the Factors Influencing Organizational Adoption of Blockchain Technology

Kennedy¹

2024

Preprint

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“…Blockchain platforms host and operate the blockchain components [51]. A platform can be viewed as the operational context and execution environment of blockchain systems.…”

Section: ) Platformmentioning

confidence: 99%

A Taxonomy for Characterizing Blockchain Systems

2022

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Blockchain is a promising technology that has received extensive attention from academia and industry in various subject domains. The significant potential of blockchain technology lies in its key characteristics of decentralization, persistency, anonymity, and auditability. However, the development of blockchain applications faces many technical difficulties because such applications are highly complex and heterogeneous, involving cooperation and interoperation between legacy systems and blockchain systems. These difficulties are further exacerbated by the lack of a common understanding of different blockchain solutions and components from a software engineering perspective. This study proposes a taxonomy to classify the eight fundamental components of blockchain systems. These components comprise a platform, network, distributed ledger, smart contract, consensus protocol, digital wallet, token, and node. Under the proposed taxonomy, each component is divided into several aspects (i.e., characteristics) that collectively describe the component. As a result of this elaboration, the taxonomy organizes the eight components into 83 dimensions and 199 characteristics. The taxonomy was validated using illustrative scenarios and a case study. The proposed taxonomy aims to provide a better understanding of the interrelationships among different blockchain components and aspects. Such an understanding can help blockchain application developers to design better blockchain architectures and systems.

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“…Although there are high-level reviews of blockchain technology [18][19][20][21], a systematic comparison of blockchain platforms in the context of financial applications is still lacking. There is a considerable gap in investigating how blockchains and distributed ledger technologies are implemented and used for financial services on a technical level for various FinTech Segments.…”

Section: Introductionmentioning

confidence: 99%

A Survey of Blockchain Applications in the FinTech Sector

Renduchintala

Alfauri

Yang

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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FinTech has proven its true potential in traditional financial offerings by delivering digital financial services to individuals worldwide. The pandemic has accelerated how people interact with financial services and has resulted in long-term changes to societies and economies. FinTech has expanded access to financial services and has made such changes possible. FinTech or Financial Technology refers to using new technologies for financial services. Artificial Intelligence, Blockchain, and cloud computing are a few technologies currently being applied to FinTech. In this paper, we consider FinTech, which partly uses blockchain technology. Blockchain technology plays a vital role in the financial sector as it ultimately lifts trust and the need for third-party verification by using consensus-based verification. This survey provides a comprehensive summary of the most relevant blockchain-based FinTech implementations and an overview of FinTech sectors and segments. For each segment, we provide a critique and a discussion on how each blockchain implementation contributes to solving the majority of problems faced by FinTech companies and researchers. This research aims to direct the future of financial solutions by providing an outline of the applications of blockchain technology and distributed ledger technology (DLT) for FinTech. We discuss various implementations, limitations, and challenges of blockchain-based FinTech applications. We conclude this work by exploring possible strengths, weaknesses, opportunities, and threats (SWOT) analysis and future research directions.

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An Overview on Technical Characteristics of Blockchain Platforms

Cited by 6 publications

References 14 publications

High Interest, Low Adoption. A Mixed-Method Investigation Into the Factors Influencing Organizational Adoption of Blockchain Technology

High Interest, Low Adoption. A Mixed-Method Investigation Into the Factors Influencing Organizational Adoption of Blockchain Technology

A Taxonomy for Characterizing Blockchain Systems

A Survey of Blockchain Applications in the FinTech Sector

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