Understanding the Blockchain Using Enterprise Ontology

Kruijff, Joost T. de; Weigand, Hans

doi:10.1007/978-3-319-59536-8_3

Cited by 79 publications

(40 citation statements)

References 11 publications

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“…In this way, (off-chain) transactions are performed faster, and scalability is enhanced [80]. Beyond this‚ off-chain solutions hold promise for being compatible with business infrastructures containing non-vital information [81]. More examples of off-chain methods include multi-chains (e.g.‚ the Cosmos network powered by Tendermint [82]), the lightning network [83]‚ payment channels (e.g.‚ Raiden [84]‚ and Sprites [85]).…”

Section: Scalabilitymentioning

confidence: 99%

“…Furthermore, Blockchain-enabled IoT applications in the supply chain are evolving to the specific network characteristics of IoT, such as heterogeneity‚ dynamic topology‚ complexity‚ scalability‚ throughput‚ and memory size. These methods aim to enhance the scalability by altering the core elements of the Blockchain transaction, including the increase of the block size‚ the use of new or specific lightweight network protocols for IoT devices [73][74][75][76][77][78][79][80][81][82][83][84][85][86]‚ sharding techniques (i.e., splitting work between subsets of nodes in order to increase throughput) [87] editable Blockchains [88] and the Directed Acyclic Graph (DAG) [89,90]. Increasing the block size of public Blockchains can further enhance scalability and offer additional storage and processing capabilities but may slow down the propagation rate of blocks in the network.…”

Section: Scalabilitymentioning

confidence: 99%

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Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management

2019

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Modern supply chains have evolved into highly complex value networks and turned into a vital source of competitive advantage. However, it has become increasingly challenging to verify the source of raw materials and maintain visibility of products and merchandise while they are moving through the value chain network. The application of the Internet of Things (IoT) can help companies to observe, track, and monitor products, activities, and processes within their respective value chain networks. Other applications of IoT include product monitoring to optimize operations in warehousing‚ manufacturing, and transportation. In combination with IoT, Blockchain technology can enable a broad range of different application scenarios to enhance value chain transparency and to increase B2B trust. When combined, IoT and Blockchain technology have the potential to increase the effectiveness and efficiency of modern supply chains. The contribution of this paper is twofold. First, we illustrate how the deployment of Blockchain technology in combination with IoT infrastructure can streamline and benefit modern supply chains and enhance value chain networks. Second, we derive six research propositions outlining how Blockchain technology can impact key features of the IoT (i.e., scalability, security, immutability and auditing, information flows, traceability and interoperability, quality) and thus lay the foundation for future research projects.

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Section: Scalabilitymentioning

confidence: 99%

Section: Scalabilitymentioning

confidence: 99%

Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management

2019

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“…Funding is one of the biggest barriers for social economy organizations, which face significant start-up costs, but cannot attract investment in the same way as traditional businesses. [9] The blockchain is shaking up the rules of the classic digital economy. Thanks to blockchain, it is possible to appeal to a large multitude of Internet users for financing, without recourse to a third party.…”

Section: Blockchain Opportunities For Financialmentioning

confidence: 99%

Blockchain Technology, Challenges and Opportunities

Mathur¹,

Yadav²

2020

IJEAS

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“…Blockchain is an emerging technology (Nakamoto, ; Swan, ; IBM Institute for Business Value, ; Pilkington, ; de Kruijff & Weigand, ) that enables parties to conduct business transparently and maintain a distributed, immutable, and tamper‐proof digital ledger of transactions without a central authority. Applications of blockchain technology are rapidly emerging in payment systems (Nakamoto, ), supply chains (Lohade, ), healthcare (Ekblaw, Azaria, Halamka, & Lippman, ; Plant, ), and in other areas of business.…”

Section: Introductionmentioning

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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Understanding the Blockchain Using Enterprise Ontology

Cited by 79 publications

References 11 publications

Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management

Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management

Blockchain Technology, Challenges and Opportunities

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

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