Radicalness of blockchain: an assessment based on its impact on the payments industry

Holotiuk, Friedrich; Pisani, Francesco; Moormann, Jürgen

doi:10.1080/09537325.2019.1574341

Cited by 48 publications

(49 citation statements)

References 28 publications

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“…enable more streamlined enforcement due to greater transparency. They cited an example that enables cost reduction, increasing efficiency would solve the growing costs of compliance and findings of a research by Holotius et al (2019), they revealed that since blockchain technology can be adopted to reduce the cost of supply chain transactions (Cole et al 2019). Based on the is that it can dramatically reduce the cost of transactions, in particularly, blockchain technology thus to lower cost.…”

Section: Transaction Cost Reduction Opportunities 2020mentioning

confidence: 99%

“…which contributes to enhanced fraud detection and prevention. It can enable a secure and blockchain could be used to offer data analytics to provide deeper insights into payments, For example, the findings of a research analysis by Holotius et al (2019) suggested that on the firms. Data in blockchain can be used in various ways to achieve operational excellence.…”

Section: Lack Of Advanced Level Of Blockchain Technical Expertise Challengesmentioning

confidence: 99%

“…It was asserted that blockchain technology is a radical innovation (Holotius et al 2019). The adoption, implementation, and use of blockchain technology are growing gradually in different areas such as airline sector (Ying et al 2018), while some firms and manufacturers such as car manufacturers that include Toyota has started using blockchain in its internal operations (Kouhizadeh et al 2020) Though there have been relatively few studies on blockchain technology conducted by different researchers in the UK (White, 2017;Wang et al 2019a;Cole et al 2019) context, while there are ample of studies outside the UK (Queiroz et al 2019;Yin et al 2019;Saberi et al 2018;Kamble et al 2019), in particular, in other industries such as financial institution (Oh and Shong, 2017;Meijer and R.W, 2016).…”

Section: Introductionmentioning

confidence: 99%

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A review of challenges and opportunities of blockchain adoption for operational excellence in the UK automotive industry

Upadhyay

Ayodele

Garza‐Reyes³

2020

JGOSS

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Purpose This paper aims to explore the challenges and opportunities of blockchain technology adoption from the lens of the technological–organisational–environmental (TOE) framework for operational excellence in the UK automotive industry context. Design/methodology/approach The research methodology of this study follows a systematic review approach, which analyses existing academic published research papers in the top 35 academic journals. There was no specific timeframe established for this study and shortlisting the articles through a set of used keywords. A sample of 71 articles was shortlisted and analysed to provide a discussion on technological and management challenges and opportunities of blockchain adoption from the lens of the TOE framework for operational excellence. Findings The findings of this study present significant theoretical and managerial implications and deep understanding for firms seeking to understand the challenges and opportunities of blockchain adoption for their operational excellence. Research limitations/implications The systematic literature approach was considered for the present study to explore existing academic papers on technological and management challenges and opportunities from the lens of TOE framework for operational excellence, whereas a more specified method meta-analysis can be considered for future research. The study has been explored in the UK automotive industry context, which has been considered as the limitation of generalisation across countries and industries. Originality/value This paper represents the most comprehensive literature study related to the technological and management challenges and opportunities of blockchain from the TOE framework angle for operational excellence.

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Section: Transaction Cost Reduction Opportunities 2020mentioning

confidence: 99%

Section: Lack Of Advanced Level Of Blockchain Technical Expertise Challengesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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A review of challenges and opportunities of blockchain adoption for operational excellence in the UK automotive industry

Upadhyay

Ayodele

Garza‐Reyes³

2020

JGOSS

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“…These studies became increasingly sophisticated, identifying many possible applications. Recent literature describes the blockchain technology as a radical innovation that may unveil new directions in terms of enabling new services and models (Holotiuk, Pisani, and Moormann, 2019).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Blockchain‐enabled platforms usually involve an open decision‐making governance mechanism, where the community decides what changes to implement through forums, discussion groups and voting systems (i.e., it is not limited to only suggestions, as happens in other crowdsourcing initiatives with centralized platforms) (Pereira, Tavalaei, and Ozalp, 2019). While the management literature (e.g., Holotiuk et al, 2019; Pereira et al, 2019) is now starting to consider this emerging technology, we are, however, still at a very early phase. Pereira et al note, “ We are passing through an experimentation period when ‘a thousand flowers are blooming’, and we might be far from standardization ” (Pereira et al, 2019, p. 101).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Disrupting the Disruptors or Enhancing Them? How Blockchain Reshapes Two‐Sided Platforms

Trabucchi¹,

Moretto²,

Buganza³

et al. 2020

J of Product Innov Manag

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The importance of platform-based businesses in the modern economy is growing continuously and becoming increasingly relevant. Specifically, the deployment of digital technologies has enhanced the applicability of two-sided business models, enabling companies to act not just as builders and owners of assets, but also as orchestrators of external resources. Management research has, therefore, focused increasingly on the unique aspects of this model. At the center of a two-sided platform there is a platform provider that enables a transaction between the sides, reducing the relative transaction costs. However, in recent years, a new technology emerged that challenges some of the underlying assumptions of this model: the blockchain. Blockchain enables the creation of a peer-to-peer network that is able to authenticate transactions, upon which applications and services may be built. It allows users to conduct transactions without the need for a central platform. We explore how blockchain technology reshapes two-sided platforms, focusing in particular on the role of the platform provider. The research is based upon multiple case studies, using an inductive approach to explore this emerging phenomenon. Our findings show there is a significant shift in the role of the central player that links the two sides of a transaction using blockchain. We frame this as a shift from a "platform provider" to a "service provider," leveraging the blockchain as a Platform-as-a-Service. Our work examines the peculiarities of this model, unveiling new dynamics in these businesses. Specifically, we show that different variables must be considered to classify two-sided platforms using blockchain. Furthermore, the essential characteristics of two-sided platforms must also be enlarged. For example, traditional platform theories emphasize the importance of cross-side network externalities in creating value. In blockchain-enabled platforms however, we show the use of "tokens" play a key role in creating different types of externalities between the two sides. Practitioner Points • Blockchain is enabling a new type of two-sided platform, challenging the existing business models of firms operating in the modern platform economy • Blockchain helps address traditional problems with two-sided platforms (e.g., the chicken and egg paradox, and generating trust between the two sides of a market) while creating new opportunities (e.g., the use of tokens to create additional network externalities) • End users (e.g., the suppliers and customers that transact in the marketplace) play a more central role in blockchain-enabled platforms, while the service provider becomes more of a facilitator, leveraging the Platform-as-a-Service offered by the Blockchain provider • The concept of "value sharing" is central in blockchain-enabled platforms; service providers share more of the value they create with the ecosystem of market participants

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Industry 4.0 and sustainable business models: An intercontinental sample

Kılıç,

Atilla

2023

Bus Strat Env

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In the rapidly evolving contemporary business landscape, the Industry 4.0 revolution has emerged as an immense and transformative force, fundamentally reshaping industries and presenting significant challenges to prevailing business models. As technology components continued to evolve in response to this revolution, it became increasingly evident that understanding the multifaceted implications of these changes for organizational sustainability is of paramount importance. The overarching goal of this research was to elucidate the intricate interplay between Industry 4.0 technologies and organizational sustainability. To achieve this objective, we conducted a comprehensive exploration of real‐world instances where companies boldly embraced Industry 4.0 technologies, subjecting their specific practices and processes to thorough examination. This methodological approach yielded a wealth of invaluable insights into the practical implications of Industry 4.0 on organizational sustainability, effectively bridging the gap between theory and practice. This research underscores the urgent need to provide businesses and decision‐makers with insights of paramount significance. The findings of the study aim to serve as a guiding compass for organizations, offering clarity on potential benefits and challenges associated with Industry 4.0 adoption. Notably, within the scope study, the utilization of semi‐structured interview technique added a unique dimension, enabling in‐depth insights. Interviews were conducted with individuals from diverse nations across different continents, thoughtfully selected based on predefined criteria, setting this research apart in terms of both the sample's size and the remarkable diversity within the participant profile. This diversity enriched the research findings by encompassing various perspectives and experiences, significantly enhancing the depth and breadth of the study's insights.

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Radicalness of blockchain: an assessment based on its impact on the payments industry

Cited by 48 publications

References 28 publications

A review of challenges and opportunities of blockchain adoption for operational excellence in the UK automotive industry

A review of challenges and opportunities of blockchain adoption for operational excellence in the UK automotive industry

Disrupting the Disruptors or Enhancing Them? How Blockchain Reshapes Two‐Sided Platforms

Industry 4.0 and sustainable business models: An intercontinental sample

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