Exploring Preliminary Challenges and Emerging Best Practices in the Use of Enterprise Blockchains Applications

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dc.contributor.authorLacity, Mary
dc.contributor.authorKhan, Shaji
dc.date.accessioned2019-01-03T00:29:29Z
dc.date.available2019-01-03T00:29:29Z
dc.date.issued2019-01-08
dc.description.abstractEnterprise 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.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2019.563
dc.identifier.isbn978-0-9981331-2-6
dc.identifier.urihttp://hdl.handle.net/10125/59904
dc.language.isoeng
dc.relation.ispartofProceedings of the 52nd 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.subjectDistributed Ledger Technology, The Blockchain
dc.subjectInternet and the Digital Economy
dc.subjectBlockchain Best Practices, Blockchains, Challenges, Business Blockchain Applications, Enterprise Blockchains
dc.titleExploring Preliminary Challenges and Emerging Best Practices in the Use of Enterprise Blockchains Applications
dc.typeConference Paper
dc.type.dcmiText

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