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Description
Blockchain might have the potential to transform business and society. Taking a retrospective look, this literature review shows (1) that a large share of contributions is still concerned with cryptocurrencies, the first application area of blockchain technology; (2) that research on blockchain has transgressed from information systems to other domains; and (3) the current state of research using the five types of theory of Gregor (2006). Analyzing past contributions, enablers (such as crypto-friendly policies) and inhibitors (such as low-quality data sources) for the development and adoption of blockchain systems are identified. Interestingly, the impact of some factors – such as transaction costs and privacy – is not clear yet, with prior research disagreeing whether these are enabling or inhibiting.
Recommended Citation
Bossler, Lukas Florian and Kroenung, Julia, "Exploring the Current State of Research on Blockchain and Cryptocurrency – Analyzing Enablers, Inhibitors, and Indeterminate Factors" (2022). Wirtschaftsinformatik 2022 Proceedings. 4.
https://aisel.aisnet.org/wi2022/finance_and_blockchain/finance_and_blockchain/4
Exploring the Current State of Research on Blockchain and Cryptocurrency – Analyzing Enablers, Inhibitors, and Indeterminate Factors
Blockchain might have the potential to transform business and society. Taking a retrospective look, this literature review shows (1) that a large share of contributions is still concerned with cryptocurrencies, the first application area of blockchain technology; (2) that research on blockchain has transgressed from information systems to other domains; and (3) the current state of research using the five types of theory of Gregor (2006). Analyzing past contributions, enablers (such as crypto-friendly policies) and inhibitors (such as low-quality data sources) for the development and adoption of blockchain systems are identified. Interestingly, the impact of some factors – such as transaction costs and privacy – is not clear yet, with prior research disagreeing whether these are enabling or inhibiting.