ITU

Blockchain – The Gateway to Trust-Free Cryptographic Transactions

Research output: Conference Article in Proceeding or Book/Report chapter › Article in proceedings › Research › peer-review

Standard

Blockchain – The Gateway to Trust-Free Cryptographic Transactions. / Beck, Roman; Stenum Czepluch, Jacob; Lollike, Nikolaj; Malone, Simon.

Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016. Springer Publishing Company, 2016. p. 1-14.

Research output: Conference Article in Proceeding or Book/Report chapter › Article in proceedings › Research › peer-review

Harvard

Beck, R, Stenum Czepluch, J, Lollike, N & Malone, S 2016, Blockchain – The Gateway to Trust-Free Cryptographic Transactions. in Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016. Springer Publishing Company, pp. 1-14, 24th European Conference on Information Systems, Istanbul, Turkey, 12/06/2016.

APA

Beck, R., Stenum Czepluch, J., Lollike, N., & Malone, S. (2016). Blockchain – The Gateway to Trust-Free Cryptographic Transactions. In Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016 (pp. 1-14). Springer Publishing Company.

Vancouver

Beck R, Stenum Czepluch J, Lollike N, Malone S. Blockchain – The Gateway to Trust-Free Cryptographic Transactions. In Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016. Springer Publishing Company. 2016. p. 1-14

Author

Beck, Roman ; Stenum Czepluch, Jacob ; Lollike, Nikolaj ; Malone, Simon. / Blockchain – The Gateway to Trust-Free Cryptographic Transactions. Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016. Springer Publishing Company, 2016. pp. 1-14

Bibtex

@inproceedings{c0965a66038d456fb1c2bb32282bd28a,
title = "Blockchain – The Gateway to Trust-Free Cryptographic Transactions",
abstract = "Recently, the Bitcoin-underlying blockchain technology gained prominence as a solution that offers the realization of distributed trust-free systems, where economic transactions are guaranteed by the underlying blockchain. We are still at an early stage and thus require a deeper understanding of how the blockchain potentials can be realized, and what are the opportunities and challenges in so doing. Following a design science approach, we developed a proof of concept prototype that has the potential to replace a trust-based coffee shop payment solution that is based on an analogue, pre-paid punch card solution. The demonstrator provides a starting point to evaluate the strengths and weaknesses of the blockchain technology when replacing a trust-based by a trust-free transaction system. We conclude that the secure and trust-free blockchain-based transaction has the potential to change many existing trust-based transaction systems, but that scalability issues, costs, and volatility in the transaction currency are hindrances.",
author = "Roman Beck and {Stenum Czepluch}, Jacob and Nikolaj Lollike and Simon Malone",
note = "ISBN to be added later ; 24th European Conference on Information Systems ; Conference date: 12-06-2016 Through 15-06-2016",
year = "2016",
language = "English",
pages = "1--14",
booktitle = "Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016",
publisher = "Springer Publishing Company",
address = "United States",
url = "http://www.ecis2016.eu/en/",

}

RIS

TY - GEN

T1 - Blockchain – The Gateway to Trust-Free Cryptographic Transactions

AU - Beck, Roman

AU - Stenum Czepluch, Jacob

AU - Lollike, Nikolaj

AU - Malone, Simon

N1 - ISBN to be added later

PY - 2016

Y1 - 2016

N2 - Recently, the Bitcoin-underlying blockchain technology gained prominence as a solution that offers the realization of distributed trust-free systems, where economic transactions are guaranteed by the underlying blockchain. We are still at an early stage and thus require a deeper understanding of how the blockchain potentials can be realized, and what are the opportunities and challenges in so doing. Following a design science approach, we developed a proof of concept prototype that has the potential to replace a trust-based coffee shop payment solution that is based on an analogue, pre-paid punch card solution. The demonstrator provides a starting point to evaluate the strengths and weaknesses of the blockchain technology when replacing a trust-based by a trust-free transaction system. We conclude that the secure and trust-free blockchain-based transaction has the potential to change many existing trust-based transaction systems, but that scalability issues, costs, and volatility in the transaction currency are hindrances.

AB - Recently, the Bitcoin-underlying blockchain technology gained prominence as a solution that offers the realization of distributed trust-free systems, where economic transactions are guaranteed by the underlying blockchain. We are still at an early stage and thus require a deeper understanding of how the blockchain potentials can be realized, and what are the opportunities and challenges in so doing. Following a design science approach, we developed a proof of concept prototype that has the potential to replace a trust-based coffee shop payment solution that is based on an analogue, pre-paid punch card solution. The demonstrator provides a starting point to evaluate the strengths and weaknesses of the blockchain technology when replacing a trust-based by a trust-free transaction system. We conclude that the secure and trust-free blockchain-based transaction has the potential to change many existing trust-based transaction systems, but that scalability issues, costs, and volatility in the transaction currency are hindrances.

M3 - Article in proceedings

SP - 1

EP - 14

BT - Twenty-Fourth European Conference on Information Systems (ECIS), İstanbul,Turkey, 2016

PB - Springer Publishing Company

T2 - 24th European Conference on Information Systems

Y2 - 12 June 2016 through 15 June 2016

ER -

ID: 81041468