BLOCKCHAINS FOR PAY-PER-USE BUSINESS MODELS: INSIGHTS FROM A DESIGN RESEARCH STUDY

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dc.contributor.authorBeverungen, Daniel
dc.contributor.authorOverhage, Sebastian
dc.contributor.authorGorlick', Albert
dc.contributor.authorMoerchel, Pascal
dc.contributor.authorSchuermann, Sebastian
dc.date.accessioned2020-12-24T20:09:53Z
dc.date.available2020-12-24T20:09:53Z
dc.date.issued2021-01-05
dc.description.abstractA blockchain features an immutable, encrypted, and distributed ledger that enables transactions even if trust and trusted intermediaries are absent. Despite research on their technological properties, few papers are on record to demonstrate (a) what business scenarios blockchains can enable and (b) under which circumstances they outperform rival technologies. This shortfall of design knowledge obscures blockchains’ value proposition, its conceptual limitations, and its positioning towards rival classes of IT artifacts. We set out to design a blockchain-based IS that enables pay-per-use business models for industrial equipment—a business model that suffers from high transaction costs and complex agency dilemma caused by asymmetric information. We demonstrate how smart contracts deployed in a blockchain can level these information asymmetries. However, we also find that blockchains will only outperform rival technologies if the business scenario fulfils a set of specific properties, narrowing down the scope of application scenarios for applying blockchains substantially.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2021.677
dc.identifier.isbn978-0-9981331-4-0
dc.identifier.urihttp://hdl.handle.net/10125/71297
dc.language.isoEnglish
dc.relation.ispartofProceedings of the 54th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectBlockchain Cases and Innovations
dc.subjectblockchain
dc.subjectdesign science
dc.subjectpay-per-use
dc.subjectsmart service
dc.titleBLOCKCHAINS FOR PAY-PER-USE BUSINESS MODELS: INSIGHTS FROM A DESIGN RESEARCH STUDY
prism.startingpage5567

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