From Hype to Reality: A Taxonomy of Blockchain Applications

Proceedings of the 52nd Hawaii International Conference on System Sciences (HICSS 2019), January 8-11, 2019, Wailea, Maui, HI, USA, Forthcoming

10 Pages Posted: 10 Oct 2018

See all articles by Olga Lavazova

Olga Lavazova

University of Cologne

Tobias Dehling

Karlsruhe Institute of Technology

Ali Sunyaev

University of Cologne

Date Written: 2018

Abstract

Blockchain is a decentralized digital ledger that challenges existing business models and theories by shifting the trust from institutions towards algorithms. However, the number of successfully developed blockchain-based systems remains low. This points towards a research gap between blockchain applications and technical blockchain characteristics. We answer the research question: What application areas fit blockchains with what technical characteristics? We develop a taxonomy, which comprises six blockchain application areas that are classified across eight technical dimensions. We demonstrate the utility of the taxonomy on ninety-nine blockchain-based systems. We contribute to the scientific literature by delimiting blockchain application areas, identifying new technical dimensions, and linking application and technical knowledge on blockchain to guide development of blockchain-based systems. For practitioners, we present an overview of current blockchain-based systems.

Keywords: Blockchains, Distributed Ledger Technology

JEL Classification: L86

Suggested Citation

Lavazova, Olga and Dehling, Tobias and Sunyaev, Ali, From Hype to Reality: A Taxonomy of Blockchain Applications (2018). Proceedings of the 52nd Hawaii International Conference on System Sciences (HICSS 2019), January 8-11, 2019, Wailea, Maui, HI, USA, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3250648

Olga Lavazova (Contact Author)

University of Cologne ( email )

Albertus Magnus Platz
Cologne, GA NRW 50923
Germany

Tobias Dehling

Karlsruhe Institute of Technology ( email )

Kaiserstra├če 12
Karlsruhe, Baden W├╝rttemberg 76131
Germany

Ali Sunyaev

University of Cologne ( email )

Albertus-Magnus-Platz
Cologne, 50923
Germany

HOME PAGE: http://www.isq.uni-koeln.de

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