Blockchain as a disruptive technology for business: A systematic review

Frizzo-Barker, Julie; Chow-White, Peter A.; Adams, Philippa; Mentanko, Jennifer; Ha, Dong-Soo; Green, Sandy

doi:10.1016/j.ijinfomgt.2019.10.014

Cited by 397 publications

(249 citation statements)

References 56 publications

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“…For example, Business has been quick to focus on what could be the third wave of the Internet. Frizzo-Barker et al (2019) analyzed the first five years of blockchain research in the business field from 2014-2018. They found a richly developing field that was largely in the exploratory and conceptual stage with some empirical studies on economic and organizational impacts.…”

Section: Resultsmentioning

confidence: 99%

‘Blockchain Good, Bitcoin Bad’

Chow-White

Lusoli

Phan

et al. 2020

jdsr

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Blockchain is one of the most widely debated technologies in recent years. Pundits and scholars have described it as a disruptive technology that will impact many sectors of society. Skeptics argue blockchain’s popularity is fuelled by the media’s obsession for the ‘next big thing’ rather than the intrinsic potential of the technology. In this paper, we follow a social constructivist approach with the aim of explaining how different discourses are creating new meanings about this technology. As Communication scholars, we focus on the role media play in framing debates about blockchain. Our analysis relies on a human coding of the most popular news about blockchain circulating on Twitter from October 2014 to July 2018. The findings show the general attitude about blockchain is predominantly positive. The discourses developing around crypto technologies are complex and multifaceted and indicate a general transition in the rhetorical definition of blockchain.

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Section: Resultsmentioning

confidence: 99%

‘Blockchain Good, Bitcoin Bad’

Chow-White

Lusoli

Phan

et al. 2020

jdsr

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“…electricity already (Mohamad and Songthaveephol, 2020). A lot of manufacturers such as car manufacturers such as car manufacturers because their operations have been consuming Barker et al (2020). The blockchain energy consumption can be one of the concerns for China has been reported to power the largest Bitcoin mines in the world as discussed by Frizzo-in the United States for one day (Frizzo-Barker et al 2020).…”

Section: Wasted Resources or Energy Consumption Challengesmentioning

confidence: 99%

“…A lot of manufacturers such as car manufacturers such as car manufacturers because their operations have been consuming Barker et al (2020). The blockchain energy consumption can be one of the concerns for China has been reported to power the largest Bitcoin mines in the world as discussed by Frizzo-in the United States for one day (Frizzo-Barker et al 2020). Moreover, hydroelectric dams in required to manage one Bitcoin transaction is equal to that required to power nine households to Siegfried et al (2020) andO' Leary (2018).…”

Section: Wasted Resources or Energy Consumption Challengesmentioning

confidence: 99%

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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“…Beyond the sphere of finance, Blockchain technology is considered a foundational paradigm ( Iansiti & Lakhani, 2017 ) with the potential for significant societal benefits and improve trust between FSC actors. Blockchain technology offers several capabilities and functionalities that can significantly reshape existing practices of managing FSCs and partnerships, regardless of location, and also offers opportunities to improve efficiency, transparency, trust, and security, across a broad spectrum of business and social transactions ( Frizzo-Barker et al., 2019 ). The technological attributes of Blockchain can combine with smart contracts to enable decentralized and self-organization to create, execute, and manage business transactions ( Schaffers, 2018 ), creating a landscape for innovative approaches to information and collaborative systems.…”

Section: Blockchain Technologymentioning

confidence: 99%

Optimizing global food supply chains: The case for blockchain and GSI standards

Keogh

Rejeb

Khan

et al. 2020

Building the Future of Food Safety Technology

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When Satoshi Nakamoto first set the Bitcoin blockchain into motion in January 2009, he was simultaneously introducing two radical and untested concepts. The first is the "bitcoin", a decentralized peer-to-peer online currency that maintains a value without any backing, intrinsic value or central issuer. So far, the "bitcoin" as a currency unit has taken up the bulk of the public attention, both in terms of the political aspects of a currency without a central bank and its extreme upward and downward volatility in price. However, there is also another, equally important, part to Satoshi's grand experiment: the concept of a proof of work-based blockchain to allow for public agreement on the order of transactions. Bitcoin as an application can be described as a first-to-file system: if one entity has 50 BTC, and simultaneously sends the same 50 BTC to A and to B, only the transaction that gets confirmed first will process. There is no intrinsic way of determining from two transactions which came earlier, and for decades this stymied the development of decentralized digital currency. Satoshi's blockchain was the first credible decentralized solution. And now, attention is rapidly starting to shift toward this second part of Bitcoin's technology, and how the blockchain concept can be used for more than just money. Commonly cited applications include using on-blockchain digital assets to represent custom currencies and financial instruments ("colored coins"), the ownership of an underlying physical device ("smart property"), non-fungible assets such as domain names ("Namecoin") as well as more advanced applications such as decentralized exchange, financial derivatives, peer-to-peer gambling and on-blockchain identity and reputation systems. Another important area of inquiry is "smart contracts"-systems which automatically move digital assets according to arbitrary pre-specified rules. For example, one might have a treasury contract of the form "A can withdraw up to X currency units per day, B can withdraw up to Y per day, A and B together can withdraw anything, and A can shut off B's ability to withdraw". The logical extension of this is decentralized autonomous organizations (DAOs)-long-term smart contracts that contain the assets and encode the bylaws of an entire organization. What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.

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Blockchain as a disruptive technology for business: A systematic review

Cited by 397 publications

References 56 publications

‘Blockchain Good, Bitcoin Bad’

‘Blockchain Good, Bitcoin Bad’

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

Optimizing global food supply chains: The case for blockchain and GSI standards

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