2017
DOI: 10.1002/jsc.2144
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Future applications of blockchain in business and management: A Delphi study

Abstract: Blockchain has the potential to become a significant source of disruptive innovations in business and management. There is a scarcity of knowledge and understanding of blockchain techniques that hinders its academic research and practical application. Business managers need to understand the potential impact and threat of blockchain applications in order to gain and maintain competitive advantage. Blockchain applications appear to offer considerable performance improvement and commercialization opportunities.

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Cited by 160 publications
(127 citation statements)
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References 103 publications
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“…Concerning the observability within blockchain innovation, the immaturity of the technology and the lack of scale make it difficult to assess empirical results, pointing to more research and practical implementation before presenting conclusions. However, based on several proofs of concept, IT vendors are already presenting estimated costs savings deriving from reduced labour and documentation costs [44,45]. According to Di Gregorio and Nustad [43], the cost savings stemming from potential blockchain solutions are relatively easy to hypothesize and quantify by comparing them to reference costs associated with current business processes, in particular cost savings from automation and efficiency gains.…”
Section: Trialability and Observabilitymentioning
confidence: 99%
“…Concerning the observability within blockchain innovation, the immaturity of the technology and the lack of scale make it difficult to assess empirical results, pointing to more research and practical implementation before presenting conclusions. However, based on several proofs of concept, IT vendors are already presenting estimated costs savings deriving from reduced labour and documentation costs [44,45]. According to Di Gregorio and Nustad [43], the cost savings stemming from potential blockchain solutions are relatively easy to hypothesize and quantify by comparing them to reference costs associated with current business processes, in particular cost savings from automation and efficiency gains.…”
Section: Trialability and Observabilitymentioning
confidence: 99%
“…In CiteSpace software, this index can represent the importance of literature in the database. The greater the centrality, the greater its influence in this area (White G, 2017). The number of literatures in this field in our country is in the second place, but the centrality is not high with only 0.16, indicating that the influence of our research in this field is not high, and the research level of acceleration sensor needs to be further improved.…”
Section: Analysis Of National Cooperation Networkmentioning
confidence: 83%
“…It is a salient feature of the Blockchain that its characteristics allow for the creation of a multitude of (potential) use cases (Tapscott and Tapscott, 2016;Dieterich et al, 2017;Morabito, 2017;White, 2017;Lacity, 2018a;Leonard and Treiblmaier, 2019;Treiblmaier and Umlauff, 2019): cryptocurrencies, examples for smart contracts, crowdfunding, prediction markets, energy markets, smart property, settlements, processing, authenticity, traceability of products along the supply chain and visibility in data exchange, trade financing, international payments, know your customer (KYC), identity management, provenance, property, ownership, rights management, governance, digital certificates, digital identity, digital asset registry, escrow transfers, electronic voting, verified corporate due diligence, verified customer reviews, performance management systems, betting, tokenized incentive economies, digital rights, derivates markets, remittances, sustainability. This non-exhaustive list of use cases illustrates the potential of the Blockchain to transform organizations and their relationships.…”
Section: Blockchain Use Casesmentioning
confidence: 99%