Why Blockchain: A Socio-technical Perspective on the Motives of Business Consortia Members to Engage with Blockchain Technology
Journal
Distributed Ledger Technologies: Research and Practice
Type
journal article
Date Issued
2023-06-10
Author(s)
Abstract
Despite the large number of resources that blockchain has, and continues to mobilize, what makes the technology unique and why people engage with it is not yet fully understood. Hence, "Why blockchain?" is a question that many scientists and managers still ask themselves or must to answer when facing the technology's critics. While the question is undoubtedly justified, it cannot always be answered from a purely technical perspective. Thus, in this study, we apply a socio-technical information systems artifact perspective and analyze the reasons managers involved in the blockchain consortia have for using blockchain technology. Based on a multiple-case study of 19 blockchain consortia, including interviews with 53 stakeholders, we explicate 19 different motives that justify engagement with the technology in practice. Further, we identify the systemic character of tokenization and the importance of the socio-technical interplay of aspects like power decentralization that justify the necessity of blockchain.
CCS Concepts: • Information systems → Enterprise applications ; Collaborative and social computing systems and tools; Data exchange • Computer systems organization → Distributed architectures • Applied computing → Electronic data interchange; Secure online transactions;
CCS Concepts: • Information systems → Enterprise applications ; Collaborative and social computing systems and tools; Data exchange • Computer systems organization → Distributed architectures • Applied computing → Electronic data interchange; Secure online transactions;
Keywords
Blockchain
distributed ledger technology
consortia
digital innovation
interorganizational systems
IS artifact
socio-technical view
grounded theory method
Volume
2
Number
2
Pages
27
Division(s)
File(s)![Thumbnail Image]()
open.access
Name
Why Blockchain_ A Socio-technical Perspective on the Motives of Business Consortia Members to Engage with Blockchain Technology.pdf
Size
5.17 MB
Format
Adobe PDF
Checksum (MD5)
04322282bc357dc06b3643aac93e87e2