Blockchain

Nofer, Michael; Gomber, Peter; Hinz, Oliver; Schiereck, Dirk

doi:10.1007/s12599-017-0467-3

Cited by 1,056 publications

(526 citation statements)

References 13 publications

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“…As a result, blockchain can be considered as an equitable relationship‐specific investment to grow mutual trust (Klein, Rai, & Straub, ). For example, Everledger (Nofer, Gomber, Hinz, & Schiereck, ), a blockchain system for tracking high‐value goods (e.g., diamonds), can provide trading partners complete visibility of transaction history, even though they may not know each other well. The existence of counterfeit products is another issue related to trust and the suitability of blockchain in this context is analyzed in Pun, Swaminathan, and Hou ().…”

Section: Assessment and Implications For Blockchain Technologymentioning

confidence: 99%

Is Blockchain a Silver Bullet for Supply Chain Management? Technical Challenges and Research Opportunities

Liu²,

2019

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Blockchain technology is based on the idea of a distributed, replicated, and immutable digital ledger that enables parties to conduct business in a trustful and transparent way without the need for a central authority or intermediary. Its most popular application thus far is in payment system applications, e.g., bitcoin. This disruptive technology is expected to contribute significant business value to multiple industry sectors, including supply chain management (SCM), where it can provide greater visibility, accountability and trust in interorganizational business collaboration. In this article, we review some fundamental concepts of Hyperledger Fabric, one of the most mature permissioned blockchain implementations. Further, we use the context of a food supply chain to highlight key design and implementation challenges for blockchain, and provide a strategic assessment of its prospects. Our aim is to dispel misguided notions and myths about blockchain as a silver bullet for all businesses. We believe it is important to penetrate the hype to allow a more realistic understanding of this technology. Blockchain is a high‐cost, high‐overhead storage medium. It is viable only when its higher cost is counterbalanced by the set of benefits that are identified by a careful and thorough analysis of the business. Thus, it will be used mainly for storing important data related to interorganizational transactions among partners where trust is lacking and provenance and visibility are critical. Our paper offers enterprises a systematic way to understand the real costs and risks of blockchain adoption. The insights gained in the SCM context also apply to other areas such as financial services and healthcare that could leverage the full potential of blockchain technology.

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Section: Assessment and Implications For Blockchain Technologymentioning

confidence: 99%

Is Blockchain a Silver Bullet for Supply Chain Management? Technical Challenges and Research Opportunities

Liu²,

2019

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“…By definition, a blockchain is a continuously growing chain of data blocks, each of which contains a cryptographic hash of the previous block, a time-stamp, and its conveyed data [1]. Due to the existence of the cryptographic hash, the data stored in a blockchain are inherently resistant to modification: if one block of data is modified, all blocks afterward should be regenerated with new hash values.…”

Section: Background: Blockchainmentioning

confidence: 99%

Blockchain Games: A Survey

Min

Wang

Guo

et al. 2019

2019 IEEE Conference on Games (CoG)

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With the support of the blockchain systems, the cryptocurrency has changed the world of virtual assets. Digital games, especially those with massive multi-player scenarios, will be significantly impacted by this novel technology. However, there are insufficient academic studies on this topic. In this work, we filled the blank by surveying the state-of-the-art blockchain games. We discuss the blockchain integration for games and then categorize existing blockchain games from the aspects of their genres and technical platforms. Moreover, by analyzing the industrial trend with a statistical approach, we envision the future of blockchain games from technological and commercial perspectives.

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“…Considering the number of transactions (as contracts or documents) among business and marketing entities and the expenses that companies experience in maintaining paper-based archives, this technology of distributed and democratically-sustained public ledgers of the transactions opens new and challenging opportunities for the economic system. For these reasons, interest in this technology is rising from the banking and financial system, and its social implications for changing organizations are enormous [20,21]. Blockchain technology is attracting massive attention and triggering multiple projects in different industries.…”

Section: Social Aspects Of Sustainabilitymentioning

confidence: 99%

Current Trends in Sustainability of Bitcoins and Related Blockchain Technology

et al. 2017

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Bitcoin is a digital currency based on a peer-to-peer payment system managed by an open source software and characterized by lower transaction costs, greater security and scalability than fiat money and no need of a central bank. Despite criticisms about illegal uses and social consequences, it is attracting the interest of the scientific community. The purpose of this work is to define and evaluate the current trends of the literature concerned with the sustainability of bitcoin, considering the environmental impacts, social issues and economic aspects. From the analysis it emerges that the transition of the whole monetary system in the new cryptocurrency will result in an unacceptable amount of energy consumed to mine new bitcoins and to maintain the entire virtual monetary system, and probably bitcoin will remain a niche currency. Blockchain, which is the base for a distributed and democratically-sustained public ledger of the transactions, could foster new and challenging opportunities. Sharing the framework of medical data, energy generation and distribution in micro-grids at the citizen level, block-stack and new state-driven cryptocurrencies, may benefit from the wide spread of blockchain-based transactions. Under the perspective of its being a driver of social change, bitcoins and related blockchain technologies may overcome the issues highlighted by numerous detractors.

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Blockchain

Cited by 1,056 publications

References 13 publications

Is Blockchain a Silver Bullet for Supply Chain Management? Technical Challenges and Research Opportunities

Is Blockchain a Silver Bullet for Supply Chain Management? Technical Challenges and Research Opportunities

Blockchain Games: A Survey

Current Trends in Sustainability of Bitcoins and Related Blockchain Technology

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