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Blockchain Decision Path: When to Use Blockchains? Which blockchains do you mean?

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Blockchain Decision Path: When to Use Blockchains? Which blockchains do you mean? / Pedersen, Asger; Risius, Marten ; Beck, Roman.

In: M I S Quarterly Executive, Vol. 18, No. 2, 3, 2019.

Research output: Journal Article or Conference Article in JournalJournal articleResearchpeer-review

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@article{72db87e336dd4c59ba00ca3a057a3a30,
title = "Blockchain Decision Path: When to Use Blockchains? Which blockchains do you mean?",
abstract = "A wide range of socioeconomic hopes are pinned on the transformative power of blockchain technologies. However, blockchain databases have noticeable drawbacks (i.e., scalability, capacity, latency, privacy) that clearly indicate that blockchain is not a silver bullet for all problems. The application and selection of blockchain need to be carefully assessed, depending on the problem and use case at hand. To support IT decision-makers, we develop a ten-step decision path that can help determine whether or not the application of blockchain is justified and, if so, which kind of blockchain to use. We apply this decision path to the case of the maritime shipping industry, and develop a blockchain prototype for this case.",
keywords = "Blockchain, Decision Path, Supply Chain Management, Smart Contract Prototype, Decision-Making, Use-Case Identification",
author = "Asger Pedersen and Marten Risius and Roman Beck",
year = "2019",
language = "English",
volume = "18",
journal = "M I S Quarterly Executive",
issn = "1540-1960",
publisher = "Indiana University Accounting and Information Systems Department",
number = "2",

}

RIS

TY - JOUR

T1 - Blockchain Decision Path: When to Use Blockchains? Which blockchains do you mean?

AU - Pedersen, Asger

AU - Risius, Marten

AU - Beck, Roman

PY - 2019

Y1 - 2019

N2 - A wide range of socioeconomic hopes are pinned on the transformative power of blockchain technologies. However, blockchain databases have noticeable drawbacks (i.e., scalability, capacity, latency, privacy) that clearly indicate that blockchain is not a silver bullet for all problems. The application and selection of blockchain need to be carefully assessed, depending on the problem and use case at hand. To support IT decision-makers, we develop a ten-step decision path that can help determine whether or not the application of blockchain is justified and, if so, which kind of blockchain to use. We apply this decision path to the case of the maritime shipping industry, and develop a blockchain prototype for this case.

AB - A wide range of socioeconomic hopes are pinned on the transformative power of blockchain technologies. However, blockchain databases have noticeable drawbacks (i.e., scalability, capacity, latency, privacy) that clearly indicate that blockchain is not a silver bullet for all problems. The application and selection of blockchain need to be carefully assessed, depending on the problem and use case at hand. To support IT decision-makers, we develop a ten-step decision path that can help determine whether or not the application of blockchain is justified and, if so, which kind of blockchain to use. We apply this decision path to the case of the maritime shipping industry, and develop a blockchain prototype for this case.

KW - Blockchain

KW - Decision Path

KW - Supply Chain Management

KW - Smart Contract Prototype

KW - Decision-Making

KW - Use-Case Identification

M3 - Journal article

VL - 18

JO - M I S Quarterly Executive

JF - M I S Quarterly Executive

SN - 1540-1960

IS - 2

M1 - 3

ER -

ID: 83594246