Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/41815

Blockchain as Radical Innovation: A Framework for Engaging with Distributed Ledgers as Incumbent Organization

File SizeFormat 
paper0666.pdf1.19 MBAdobe PDFView/Open

Item Summary

Title: Blockchain as Radical Innovation: A Framework for Engaging with Distributed Ledgers as Incumbent Organization
Authors: Beck, Roman
Müller-Bloch, Christoph
Keywords: blockchain
distributed ledger technology
radical innovation
Issue Date: 04 Jan 2017
Abstract: Blockchain is an emerging technology that is perceived as groundbreaking. However, blockchain presents incumbent organizations with significant challenges. How should they respond to the advent of this innovative technology, and how can they build the capabilities that are necessary to successfully engage with blockchain? In this case study, we analyze how an incumbent bank deals with the radical innovation of blockchain. We find that blockchain as an innovation is unique, because its transaction cost-lowering nature requires cooperation not only on an intra-organizational, but also on an inter-organizational level to fully leverage the technology. We develop a framework illustrating how the process of discovering, incubating, and accelerating with blockchain can look like. Our research is one of the first case studies in the area; shedding light on the organizational challenges of incumbents as they engage with blockchain. The paper provides a blueprint for business executives in their endeavor of embracing blockchain technology.
Pages/Duration: 10 pages
URI/DOI: http://hdl.handle.net/10125/41815
ISBN: 978-0-9981331-0-2
DOI: 10.24251/HICSS.2017.653
Rights: Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections:Practice-based IS Research Minitrack



Items in ScholarSpace are protected by copyright, with all rights reserved, unless otherwise indicated.