Opportunities and Risks of Blockchain Technologies: A Research Agenda

Lindman, Juho; Tuunainen, Virpi Kristiina; Rossi, Matti

doi:10.24251/hicss.2017.185

Cited by 196 publications

(120 citation statements)

References 39 publications

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“…Until quite recently, the majority of the challenges in distributed financial transactions that were performed online have centered primarily on technical and legal issues. With the advent of the new blockchain technology, new research directions are opening up in distributed transactional systems involving online payment modes of digital cash as well as dealing with the business intricacies of asset allocation and management platforms (Lindman et al, 2017). These encompass not only financial transactions but also records of legal and public proceedings, such as marriage and birth certificates, court notices, registration and sale deeds, and so on.…”

Section: Theoretical Concernsmentioning

confidence: 99%

“…Blockchain is viewed by many as a disruptive technology that "will revolutionize business and redefine companies and economies." (Iansiti & Lakhani, 2017, p. 4) There is growing anticipation at present that the blockchain technology will have a profound impact on many sectors of the industry including, for instance, financial services, supply chain management, manufacturing, transport, healthcare, fashion, and entertainment (Lindman, Rossi, & Tuunainen, 2017;Saberi, Kouhizadeh, Sarkis, & Shen, 2019;Tapscott & Tapscott, 2016). The impact materializes through the improved use of a decentralized, global infrastructure of the digital world with the introduction of novel applications and business models.…”

Section: Introductionmentioning

confidence: 99%

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The Blockchain: Opportunities for Research in Information Systems and Information Technology

Ghosh

2019

Journal of Global Information Technology Management

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Section: Theoretical Concernsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Blockchain: Opportunities for Research in Information Systems and Information Technology

Ghosh

2019

Journal of Global Information Technology Management

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“…There are a few studies outlining research agenda and identifying challenges for research (e.g. [16] or [17]). These discuss challenges posed by blockchain from different perspectives (e.g.…”

Section: Blockchain Technology and Smart Contractsmentioning

confidence: 99%

Blockchain Technologies from the Consumers’ Perspective: What Is There and Why Should Who Care?

Schlegel¹,

Zavolokina²,

Schwabe³

2018

Proceedings of the Annual Hawaii International Conference on System Sciences

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The blockchain, the ledger that underlies the famous cryptocurrency Bitcoin, has huge implications for many industries. There have been various papers dedicated to research how blockchain technology will transform businesses and industries. However, current research lacks an overview of what the blockchain implies for the biggest stakeholder of these businesses and industries: consumers. This paper aims to provide an overview of how the blockchain affects consumers. We conduct a systematic literature review and enrich it with interview-based knowledge from blockchain experts to show how blockchain technology changes business sectors, name affected consumers in these sectors, derive implications for these consumers and list existing as well as currently emerging blockchainbased products and services. Finally, we warn of the technical, institutional and human challenges and manifold pitfalls blockchain technology must overcome to gain widespread adaptation among consumers.

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“…So far blockchain research has obtained many important advances, readers may refer to a book by Swan [29]; survey papers by Tschorsch and Scheuermann [31], Zheng et al [36] and [35], Lin and Liao [19] and Constantinides et al [6]; a key research framework by Yli-Huumo et al [34], Lindman et al [20] and Risius and Spohrer [28]; consensus mechanisms by Wang et al [33] and Debus [8]; blockchain economics by Catalini and Gans [5] and Davidson et al [7]; and the others by Vranken [32] and Dinh et al [9].…”

Section: Introductionmentioning

confidence: 99%

Blockchain Queue Theory

Chang

2018

Lecture Notes in Computer Science

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Blockchain has many benefits including decentralization, availability, persistency, consistency, anonymity, auditability and accountability, and it also covers a wide spectrum of applications ranging from cryptocurrency, financial services, reputation system, Internet of Things, sharing economy to public and social services. Not only may blockchain be regarded as a by-product of Bitcoin cryptocurrency systems, but also it is a type of distributed ledger technologies through using a trustworthy, decentralized log of totally ordered transactions. By summarizing the literature of blockchain, it is found that more and more important research is to develop basic theory, for example, mathematical models (Markov processes, queueing theory and game models) for mining management and consensus mechanism, performance analysis and optimization of blockchain systems. In this paper, we develop queueing theory of blockchain systems and provide system performance evaluation. To do this, we design a Markovian batch-service queueing system with two different service stages, which are suitable to well express the mining process in the miners pool and the building of a new blockchain. By using the matrix-geometric solution, we obtain a system stable condition and express three key performance measures: (a) The average number of transactions in the queue, (b) the average number of transactions in a block, and (c) the average transaction-confirmation time. Finally, we use numerical examples to verify computability of our theoretical results. Although our queueing model here is simple only under exponential or Poisson assumptions, our analytic method will open a series of potentially promising research in queueing theory of blockchain systems.

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Opportunities and Risks of Blockchain Technologies: A Research Agenda

Abstract: Abstract

Cited by 196 publications

References 39 publications

The Blockchain: Opportunities for Research in Information Systems and Information Technology

The Blockchain: Opportunities for Research in Information Systems and Information Technology

Blockchain Technologies from the Consumers’ Perspective: What Is There and Why Should Who Care?

Blockchain Queue Theory

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