Blockchain-enabled technology: The emerging technology set to reshape and decentralise many industries

Mohsen Attaran, Angappa Gunasekaran

Research output: Contribution to journalArticlepeer-review

12 Scopus citations

Abstract

The past few years have seen an explosion in the business use of blockchain. The technology has great potential to drive simplicity and efficiency in financial services, and it is poised to drive the next wave of financial service innovation. Interest in exploiting blockchain in other industries, such as manufacturing and healthcare, is increasing, and deployments are gaining momentum. Yet, the adoption rate is slow, and organisations are only beginning to scratch the surface in regards to the potential applications of this technology. Implemented properly, the business benefits can be substantial. This article explores the changing dimensions of blockchain, highlights the importance of this technology, reviews its timeline from inception to maturity, identifies determinants of implementation success, and covers some of the potential benefits of this technology. Finally, this study highlights the successful implementation of blockchain solutions in the manufacturing and service industries.

Original languageEnglish (US)
Pages (from-to)424-444
Number of pages21
JournalInternational Journal of Applied Decision Sciences
Volume12
Issue number4
DOIs
StatePublished - 2019

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Strategy and Management
  • Management Science and Operations Research
  • Information Systems and Management

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