Toward More Rigorous Blockchain Research: Recommendations for Writing Blockchain Case Studies

Treiblmaier, Horst

doi:10.3389/fbloc.2019.00003

Cited by 92 publications

(67 citation statements)

References 59 publications

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“…This paper follows a case study research design that lies between and takes insight from both gaps and holes (GAH), and social construction of reality (SCR) research designs as recently defined by Treiblmaier (2019) in this journal. First, following the GAH research design, correspondent banking and payment infrastructures were identified as the paramount gap in the existing literature on remittances.…”

Section: Methodsmentioning

confidence: 99%

Blockchain Technologies and Remittances: From Financial Inclusion to Correspondent Banking

Rella

2019

Front. Blockchain

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Since their emergence, blockchain technologies have shown potential for financial inclusion and the formalization of remittances. Recently, regulators and practitioners have studied the capabilities of blockchain technologies to streamline and, potentially, replace the infrastructure underpinning cross-border payments and remittances, i.e., correspondent banking. Correspondent Banking Relationships, also called "Nostro-Vostro accounts," are continuous bilateral arrangements that enable banks to provide services in countries where they do not directly operate. After the Global Financial Crisis, this infrastructure has undergone "de-risking," i.e., a reduction of correspondent accounts and their concentration in fewer financial institutions, with especially detrimental effects on costs and speed of retail cross-border remittances. The existing literature has mostly focused on the point of sale of remittances, often overlooking correspondent banking. This paper, in contrast, connects remittances, blockchain technologies, and correspondent banking with the growing interest of critical social science in the significance of payment infrastructures for the constitution and configuration of money, finance, and markets. By unpacking the critical case of Ripple, this paper shows that blockchain applications to remittances focus on profits, risks, costs, interoperability, "trapped liquidity," and "idle capital" in correspondent banking accounts, rather than on financial inclusion per se. In so doing, this paper contributes to critical social studies literature on the formalization of remittances, understood as the transformation of remittances into a market frontier. Blockchain applications are shown to foster, rather than resist, remittances formalization, and they are presently being incorporated into existing infrastructures, business models, and regulatory structures. Rather than representing radically alternative monetary systems, blockchain technologies are the latest iteration of technologies heralding frictionless capitalism. Lastly, this paper shows the tensions and ambiguities inherent to interoperability and formalization. Blockchain technologies are dynamic in a way that problematizes dichotomies such formal-informal and mainstream-alternative. Hence, rather than providing a quantitative assessment of the impact of blockchain technologies, this paper investigates the ambiguities and tensions in the political economy and imaginaries inscribed in the materiality and design of blockchain-enabled payment systems.

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Section: Methodsmentioning

confidence: 99%

Blockchain Technologies and Remittances: From Financial Inclusion to Correspondent Banking

Rella

2019

Front. Blockchain

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“…Furthermore, it was our goal to highlight the potentials of blockchain in marketing, but we also need to mention potential challenges that might emerge from the (inter-)organizational integration of blockchain technology. Blockchains are not silver bullets or a panacea for all contemporary marketing issues but rather exhibit several shortcomings and potential negative consequences (Treiblmaier, 2019b). Compared to conventional databases, blockchain technology has several downsides.…”

Section: Conclusion and Limitationsmentioning

confidence: 99%

How Blockchain Technology Can Benefit Marketing: Six Pending Research Areas

2020

Self Cite

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The proliferation of sophisticated e-commerce platforms coupled with mobile applications has ignited growth in business-to-consumer (B2C) commerce, reshaped organizational structures, and revamped value creation processes. Simultaneously, new technologies have altered the dynamics of brand marketing, enabling a broader reach and more personalized targeting aimed at increasing brand trust and enhancing customer loyalty. Today, the Internet allows marketers to penetrate deeper into their existing markets, create new online marketplaces and to generate new demand. This dynamic market engagement uses new technologies to target consumers more effectively. In this conceptual paper, we discuss how blockchain technology can potentially impact a firm's marketing activities. More specifically, we illustrate how blockchain technology acts as incremental innovation, empowering the consumer-centric paradigm. Moreover, blockchain technology fosters disintermediation, aids in combatting click fraud, reinforces trust and transparency, enables enhanced privacy protection, empowers security, and enables creative loyalty programs. We present six propositions that will guide future blockchain-related research in the area of marketing.

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“…This decentralized methodology would wipe out single points of failure, making a stronger ecosystem system for devices to run on. The record is tamper-proof and cannot be controlled by noxious actors since it doesn"t exist in any single area, and what's more, man-in-the-middle attacks can't be organized since there's no single string of communication that can be catching [51]. In an IoT system, the blockchain can keep a changeless record of the historical backdrop of smart devices.…”

Section: Why Blockchain Technologymentioning

confidence: 99%

A Review and Development Methodology of a LightWeight Security Model for IoT-based Smart Devices

Gurunathan

Mahmoud²

2020

IJACSA

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Internet of Things (IoT) turns into another time of the Internet, which contains connected smart objects over the Internet. IoT has numerous applications, for example, smart city, smart home, smart grid and healthcare. In common, the IoT system comprises of heterogeneous devices that deliver then trade endless sums of safety-critical information, also as privacysensitive information. Nevertheless, connected devices can give your business a genuine lift, yet anything that is connected to the Internet can be vulnerable to cyberattacks. Most present IoT arrangements rely upon centralized architecture by associating with cloud servers through the Internet. The public cloud is described as computing services publicized by third-party suppliers over the Internet, making them accessible to anybody who needs to use or buy them. This solution gives magnificent flexible calculation and information the executives capacities, as IoT systems are developing increasingly mind-boggling; nonetheless, despite everything, it faces different of security issues. One of the weaknesses is that your information moving in IoT devices by means of public cloud could be in danger, despite the fact that the hacker was not explicitly focusing on you and with the public cloud you have insignificant authority over how rapidly you can grow the cloud. In this case, a secured protocol in IoT is vital to ensure optimum security to the information being traded between connected devices. To overcome the limitation, in this paper, we conduct a comprehensive review on existing security protocols and propose a development methodology of a blockchain-based lightweight security model that provides end to end security. By utilizing lightweight, an authenticated client can get to the information of IoT sensors remotely. The presentation investigation shows that lightweight offers better security, less overheads, and low communication.

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Toward More Rigorous Blockchain Research: Recommendations for Writing Blockchain Case Studies

Cited by 92 publications

References 59 publications

Blockchain Technologies and Remittances: From Financial Inclusion to Correspondent Banking

Blockchain Technologies and Remittances: From Financial Inclusion to Correspondent Banking

How Blockchain Technology Can Benefit Marketing: Six Pending Research Areas

A Review and Development Methodology of a LightWeight Security Model for IoT-based Smart Devices

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