The business potential of distributed ledger technology : analysis and recommendations for action in the financial services sector
submitted by Ante Plazibat (from Germany and Croatia)
Blockchain technology, which became known for the cryptocurrency Bitcoin, enables the digital representation of ownership without trusted parties and sets the foundation for new kinds of collaboration in business networks. Current research still focuses primarily on the technical aspects of blockchain technology but does not derive its business implications in a structured and academic manner. In the meantime, new technologies that are similar but not identical to blockchain are appearing that satisfy a variety of business needs. In business and academia, ways to classify these various technologies, all of which can be subsumed under the term distributed ledger technology (DLT), are missing. Therefore, this dissertation structures DLT and DLT-like technologies and analyzes their business impact. First, using an extensive literature research and taxonomy development-methods, the author derives a taxonomy that classifies the various types of DLTs that follow various business purposes. Second, using capability theory, the author derives new value propositions that emerge through the technology. Third, using transaction cost theory, the author identifies which processes can be optimized and consolidated using DLT. Finally, the author derives propositions that can help organizations to reduce costs in DLT implementations. The author applies and evaluates the research outputs with case studies and focus groups to ensure the practical applicability of the academically derived insights.
Year of publication: |
2019
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Authors: | Plazibat, Ante |
Publisher: |
2019: St. Gallen |
Subject: | Taxonomy | business impact | business models | transaction cost theory | Blockchain | Taxonomie | Geschäftsmodell | Transaktionskostenansatz | Distributed Ledger Technology | Business model | Finanzdienstleistung | Financial services | Klassifikation | Classification | Transaktionskosten | Transaction costs | Virtuelle Währung | Virtual currency |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 251 Seiten) Illustrationen |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Hochschulschrift ; Graue Literatur ; Non-commercial literature |
Language: | English |
Thesis: | Dissertation, University of St.Gallen, 2019 |
Notes: | Zusammenfassung in deutscher und englischer Sprache |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012130953
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