Blockchain in a Business Model: Exploring Benefits and Risks

Davit Marikyan; Savvas Papagiannidis; Omer F. Rana; Rajiv Ranjan

doi:10.1007/978-3-030-85447-8_46

Blockchain in a Business Model: Exploring Benefits and Risks

Davit Marikyan^*
, Savvas Papagiannidis
, Omer F. Rana
, Rajiv Ranjan

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter in a book

7 Citations (Scopus)

390 Downloads (Pure)

Abstract

Although a blockchain has the potential to redefine value creation, delivery and capture activities in organisations, research on business model innovation from a blockchain perspective is still developing. This paper provides an analysis of literature on the use of blockchain in business model innovation. This analysis reconciles the technological and management perspectives to explore blockchain technology characteristics in relation to benefits and risks for business models. The findings contribute to the emerging stream of research discussing the business implications of innovative technologies, describing how blockchain networks can have an impact on business processes.

Original language	English
Title of host publication	Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings
Subtitle of host publication	Conference on e-Business, e-Services and e-Society
Editors	Denis Dennehy, Anastasia Griva, Nancy Pouloudi, Yogesh K. Dwivedi, Yogesh K. Dwivedi, Ilias Pappas, Ilias Pappas, Matti Mantymaki
Publisher	Springer
Pages	555-566
Number of pages	12
Volume	12896
ISBN (Electronic)	9783030854478
ISBN (Print)	9783030854461
DOIs	https://doi.org/10.1007/978-3-030-85447-8_46
Publication status	Published - 25 Aug 2021

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	12896 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Bibliographical note

Publisher Copyright:
© 2021, IFIP International Federation for Information Processing.

Keywords

Blockchain
Business model innovation
Digital transformation

Access to Document

10.1007/978-3-030-85447-8_46

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Marikyan, D., Papagiannidis, S., F. Rana, O., & Ranjan, R. (2021). Blockchain in a Business Model: Exploring Benefits and Risks. In D. Dennehy, A. Griva, N. Pouloudi, Y. K. Dwivedi, Y. K. Dwivedi, I. Pappas, I. Pappas, & M. Mantymaki (Eds.), Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings: Conference on e-Business, e-Services and e-Society (Vol. 12896, pp. 555-566). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12896 LNCS). Springer. https://doi.org/10.1007/978-3-030-85447-8_46

Marikyan, Davit ; Papagiannidis, Savvas ; F. Rana, Omer et al. / Blockchain in a Business Model: Exploring Benefits and Risks. Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings: Conference on e-Business, e-Services and e-Society. editor / Denis Dennehy ; Anastasia Griva ; Nancy Pouloudi ; Yogesh K. Dwivedi ; Yogesh K. Dwivedi ; Ilias Pappas ; Ilias Pappas ; Matti Mantymaki. Vol. 12896 Springer, 2021. pp. 555-566 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).

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Marikyan, D, Papagiannidis, S, F. Rana, O & Ranjan, R 2021, Blockchain in a Business Model: Exploring Benefits and Risks. in D Dennehy, A Griva, N Pouloudi, YK Dwivedi, YK Dwivedi, I Pappas, I Pappas & M Mantymaki (eds), Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings: Conference on e-Business, e-Services and e-Society. vol. 12896, Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 12896 LNCS, Springer, pp. 555-566. https://doi.org/10.1007/978-3-030-85447-8_46

Blockchain in a Business Model: Exploring Benefits and Risks. / Marikyan, Davit; Papagiannidis, Savvas; F. Rana, Omer et al.
Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings: Conference on e-Business, e-Services and e-Society. ed. / Denis Dennehy; Anastasia Griva; Nancy Pouloudi; Yogesh K. Dwivedi; Yogesh K. Dwivedi; Ilias Pappas; Ilias Pappas; Matti Mantymaki. Vol. 12896 Springer, 2021. p. 555-566 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12896 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Chapter in a book

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T1 - Blockchain in a Business Model: Exploring Benefits and Risks

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AB - Although a blockchain has the potential to redefine value creation, delivery and capture activities in organisations, research on business model innovation from a blockchain perspective is still developing. This paper provides an analysis of literature on the use of blockchain in business model innovation. This analysis reconciles the technological and management perspectives to explore blockchain technology characteristics in relation to benefits and risks for business models. The findings contribute to the emerging stream of research discussing the business implications of innovative technologies, describing how blockchain networks can have an impact on business processes.

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KW - Digital transformation

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T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

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A2 - Dennehy, Denis

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A2 - Pouloudi, Nancy

A2 - Dwivedi, Yogesh K.

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PB - Springer

ER -

Marikyan D, Papagiannidis S, F. Rana O, Ranjan R. Blockchain in a Business Model: Exploring Benefits and Risks. In Dennehy D, Griva A, Pouloudi N, Dwivedi YK, Dwivedi YK, Pappas I, Pappas I, Mantymaki M, editors, Responsible AI and Analytics for an Ethical and Inclusive Digitized Society - 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Proceedings: Conference on e-Business, e-Services and e-Society. Vol. 12896. Springer. 2021. p. 555-566. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/978-3-030-85447-8_46

Blockchain in a Business Model: Exploring Benefits and Risks

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