Real Business Applications and Investments in Blockchain Technology

This paper provides an empirical study to identify the objective of companies that are currently investing in adopting blockchain technologies to improve their processes and services. Unlike other studies based on the theoretical potential application of blockchain technology in different sectors, t...

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Detalhes bibliográficos
Autores: Lage Serrano, Óscar, Saiz Santos, María, Zarzuelo Zarzosa, José Manuel
Formato: artículo
Fecha de publicación:2022
País:España
Recursos:Universidad del País Vasco
Repositorio:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/55455
Acesso em linha:http://hdl.handle.net/10810/55455
Access Level:acceso abierto
Palavra-chave:blockchain
IT business value
technology innovation
technology strategy
organizational transformation
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spelling Real Business Applications and Investments in Blockchain TechnologyLage Serrano, ÓscarSaiz Santos, MaríaZarzuelo Zarzosa, José ManuelblockchainIT business valuetechnology innovationtechnology strategyorganizational transformationThis paper provides an empirical study to identify the objective of companies that are currently investing in adopting blockchain technologies to improve their processes and services. Unlike other studies based on the theoretical potential application of blockchain technology in different sectors, the main objective of this paper is to analyze real projects and investment of companies in blockchain technology. More than 100 blockchain projects from different sectors were examined with the aim of extracting the perceived applicability and business value of blockchain technology by managers, customers, and partners. We identified the most demanded business value and functional properties in each sector and company size, as well as the relationship between the properties that are demanded together. This article assesses the main functional values attributed to blockchain, highlighting those really appreciated by companies that invest in them and identifying new applications of blockchain technology in different sectors, and generating organizational change. The article reveals that, as expected, significant deviations are already occurring between theoretical applications identified in the literature and those finally adopted by the industry.This research was funded by Spanish Ministry of Science and Innovation, grant number PID2019-105291GB-I00; and by The Basque Country University, grant number GIU20/019.MDPI2022202220222022info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/55455reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoInglésinfo:eu-repo/grantAgreement/MCIN/PID2019- 105291GB-I00/https://www.mdpi.com/2079-9292/11/3/438info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/es/© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).oai:addi.ehu.eus:10810/554552026-06-18T09:23:17Z
dc.title.none.fl_str_mv Real Business Applications and Investments in Blockchain Technology
title Real Business Applications and Investments in Blockchain Technology
spellingShingle Real Business Applications and Investments in Blockchain Technology
Lage Serrano, Óscar
blockchain
IT business value
technology innovation
technology strategy
organizational transformation
title_short Real Business Applications and Investments in Blockchain Technology
title_full Real Business Applications and Investments in Blockchain Technology
title_fullStr Real Business Applications and Investments in Blockchain Technology
title_full_unstemmed Real Business Applications and Investments in Blockchain Technology
title_sort Real Business Applications and Investments in Blockchain Technology
dc.creator.none.fl_str_mv Lage Serrano, Óscar
Saiz Santos, María
Zarzuelo Zarzosa, José Manuel
author Lage Serrano, Óscar
author_facet Lage Serrano, Óscar
Saiz Santos, María
Zarzuelo Zarzosa, José Manuel
author_role author
author2 Saiz Santos, María
Zarzuelo Zarzosa, José Manuel
author2_role author
author
dc.subject.none.fl_str_mv blockchain
IT business value
technology innovation
technology strategy
organizational transformation
topic blockchain
IT business value
technology innovation
technology strategy
organizational transformation
description This paper provides an empirical study to identify the objective of companies that are currently investing in adopting blockchain technologies to improve their processes and services. Unlike other studies based on the theoretical potential application of blockchain technology in different sectors, the main objective of this paper is to analyze real projects and investment of companies in blockchain technology. More than 100 blockchain projects from different sectors were examined with the aim of extracting the perceived applicability and business value of blockchain technology by managers, customers, and partners. We identified the most demanded business value and functional properties in each sector and company size, as well as the relationship between the properties that are demanded together. This article assesses the main functional values attributed to blockchain, highlighting those really appreciated by companies that invest in them and identifying new applications of blockchain technology in different sectors, and generating organizational change. The article reveals that, as expected, significant deviations are already occurring between theoretical applications identified in the literature and those finally adopted by the industry.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/55455
url http://hdl.handle.net/10810/55455
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/MCIN/PID2019- 105291GB-I00/
https://www.mdpi.com/2079-9292/11/3/438
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/3.0/es/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/3.0/es/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
instname_str Universidad del País Vasco
reponame_str Addi. Archivo Digital para la Docencia y la Investigación
collection Addi. Archivo Digital para la Docencia y la Investigación
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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