Exploring Preliminary Challenges and Emerging Best Practices in the Use of Enterprise Blockchains Applications
Files
Date
2019-01-08
Authors
Contributor
Advisor
Department
Instructor
Depositor
Speaker
Researcher
Consultant
Interviewer
Narrator
Transcriber
Annotator
Journal Title
Journal ISSN
Volume Title
Publisher
Volume
Number/Issue
Starting Page
Ending Page
Alternative Title
Abstract
Enterprise blockchain applications can allow trading partners to transact directly without relying on trusted third parties and promise to: eliminate the need for reconciliations, instantly track and trace assets through a supply chain, provide unbeatable data provenance, settle transactions quickly and cheaply, and enable an information security model that is fault tolerant, resilient, and available. Many of these promised benefits seemingly address the challenges of non-blockchain based inter-organizational systems. However, this research indicates that blockchain based inter-organizational applications pose significant challenges of their own. Based on interview and participant observation data, we identified five challenges: (1) competing blockchain standards, (2) adjusting to different shared governance models, (3) intellectual property concerns (4) industrial espionage risks, and (5) regulatory uncertainty. We also identified emerging practices stakeholders are using to address those challenges when considering enterprise blockchain applications.
Description
Keywords
Distributed Ledger Technology, The Blockchain, Internet and the Digital Economy, Blockchain Best Practices, Blockchains, Challenges, Business Blockchain Applications, Enterprise Blockchains
Citation
Extent
10 pages
Format
Geographic Location
Time Period
Related To
Proceedings of the 52nd Hawaii International Conference on System Sciences
Related To (URI)
Table of Contents
Rights
Attribution-NonCommercial-NoDerivatives 4.0 International
Rights Holder
Local Contexts
Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.