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Blockchain Technologies from the Consumers’ Perspective: What Is There and Why Should Who Care?


Schlegel, Manuel; Zavolokina, Liudmila; Schwabe, Gerhard (2018). Blockchain Technologies from the Consumers’ Perspective: What Is There and Why Should Who Care? In: 51st Hawaii International Conference on System Sciences (HICSS 2018), Hawaii, 4 January 2018 - 6 January 2018.

Abstract

The blockchain, the ledger that underlies the famous cryptocurrency Bitcoin, has huge implications for many industries. There have been various papers dedicated to research how blockchain technology will transform businesses and industries. However, current research lacks an overview of what the blockchain implies for the biggest stakeholder of these businesses and industries: consumers. This paper aims to provide an overview of how the blockchain affects consumers. We conduct a systematic literature review and enrich it with interview-based knowledge from blockchain experts to show how blockchain technology changes business sectors, name affected consumers in these sectors, derive implications for these consumers and list existing as well as currently emerging blockchain-based products and services. Finally, we warn of the technical, institutional and human challenges and manifold pitfalls blockchain technology must overcome to gain widespread adaptation among consumers.

Abstract

The blockchain, the ledger that underlies the famous cryptocurrency Bitcoin, has huge implications for many industries. There have been various papers dedicated to research how blockchain technology will transform businesses and industries. However, current research lacks an overview of what the blockchain implies for the biggest stakeholder of these businesses and industries: consumers. This paper aims to provide an overview of how the blockchain affects consumers. We conduct a systematic literature review and enrich it with interview-based knowledge from blockchain experts to show how blockchain technology changes business sectors, name affected consumers in these sectors, derive implications for these consumers and list existing as well as currently emerging blockchain-based products and services. Finally, we warn of the technical, institutional and human challenges and manifold pitfalls blockchain technology must overcome to gain widespread adaptation among consumers.

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Additional indexing

Item Type:Conference or Workshop Item (Paper), not_refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Informatics
Dewey Decimal Classification:000 Computer science, knowledge & systems
Language:English
Event End Date:6 January 2018
Deposited On:15 Jan 2018 10:03
Last Modified:27 Jul 2018 03:29
Publisher:University of Hawai'i at Manoa
ISBN:978-0-9981331-1-9
OA Status:Green
Free access at:Official URL. An embargo period may apply.
Official URL:http://hdl.handle.net/10125/50329
Other Identification Number:merlin-id:15645

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