Organizing for value creation in blockchain information systems
Journal
Information and Organization
Type
journal article
Date Issued
2024-06-19
Author(s)
Abstract
Many blockchain consortia have been established to build blockchain information systems. While the developed blockchain information systems were promising, few have reached market entry. Indeed, blockchain consortia often lost development focus due to high system complexity and a lack of understanding of how to create a system that will serve the needs and bring value to all stakeholders. Thus, stakeholders struggled to leverage blockchain information systems' full value. Prior studies demonstrated that blockchain systems pose not only technical but also organizational challenges. Analysing six blockchain consortia, we identify their value mechanisms, organizational problems, and organizational solutions that successful blockchain consortia experience while organizing themselves for value. As a result, we propose a new organizational form, i.e., a layered organization, for blockchain consortia to achieve better value creation.
Language
English (United States)
Keywords
Blockchain technology
Distributed ledger technology
Value creation
Blockchain consortia
Organizing for value
Volume
34
Number
3
Pages
25
Division(s)
File(s)![Thumbnail Image]()
Name
15_Organizing_for_value_Creation_I_O.pdf
Size
876.24 KB
Format
Adobe PDF
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