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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Organizing for value creation in blockchain information systems
Organization Unit
  • Liudmila Zavolokina
  • Ingrid Bauer-Hänsel
  • Janine Hacker
  • Gerhard Schwabe
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
Journal Title Information and Organization
Publisher Elsevier
Geographical Reach international
ISSN 1471-7727
Volume 34
Number 3
Page Range 1 - 25
Date 2024
Abstract Text 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.
Free access at DOI
Digital Object Identifier 10.1016/j.infoandorg.2024.100522
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