2019
DOI: 10.24251/hicss.2019.552
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From Hype to Reality: A Taxonomy of Blockchain Applications

Abstract: Blockchain is a decentralized digital ledger that challenges existing business models and theories by shifting the trust from institutions towards algorithms. However, the number of successfully developed blockchain-based systems remains low. This points towards a research gap between blockchain applications and technical blockchain characteristics. We answer the research question: What application areas fit blockchains with what technical characteristics? We develop a taxonomy, which comprises six blockchain … Show more

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Cited by 58 publications
(22 citation statements)
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“…Anyway, only putting data "onchain" that are necessary for the functionality of an application and informing users about (reasons for) use of data [48] could also increase perceived privacy protection. To counter consumers' perceived risk to be defrauded, certifications for Blockchain solutions offered by trustworthy organisations based on transparent criteria [49] and insurances covering overestimated risks [4] are promising options. Continuing the development of solutions for the protection of private keys could further contribute to perceived risk reduction [50].…”
Section: Further Development Of Blockchain-based Applicationsmentioning
confidence: 99%
“…Anyway, only putting data "onchain" that are necessary for the functionality of an application and informing users about (reasons for) use of data [48] could also increase perceived privacy protection. To counter consumers' perceived risk to be defrauded, certifications for Blockchain solutions offered by trustworthy organisations based on transparent criteria [49] and insurances covering overestimated risks [4] are promising options. Continuing the development of solutions for the protection of private keys could further contribute to perceived risk reduction [50].…”
Section: Further Development Of Blockchain-based Applicationsmentioning
confidence: 99%
“…In the last decade, blockchain technology has developed significantly and is now implemented in a wide range of scenarios, including Ethereum or Hyperledger Fabric, which allow distributed platforms to function with unprecedented versatility (Lockl et al 2020). Consequently, many researchers and practitioners have realized that blockchain technology holds disruptive potential beyond its use in cryptocurrencies (Beck 2018;Fridgen et al 2018a;Labazova et al 2019). Generally speaking, blockchain technology permits secure transactions to be made without the involvement of intermediaries, and is, therefore, appealing to individuals as well as to industry and the public sector.…”
Section: Introductionmentioning
confidence: 99%
“…However, some authors state that the usefulness of taxonomies can only be evaluated by observing a [25,32,34,35,53,58,73], mutually exclusiveness [26,35,40,43,61,71], distinctiveness [26,33,43,45,46], reliability [11,45,54,74], utility [10,49,61,65], efficiency [10,41,51], stability [24,57], uniqueness [39,61], repeatability [38,39], sufficiency [41,70], construct validity [30,75], consistency [45,73], parsimoniousness [42,45], effectiveness [17,31] 2-8…”
Section: Usefulness As Taxonomy Evaluation Criteriamentioning
confidence: 99%