References of "Radszuwill, Sven"
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See detailThe token’s secret: the two-faced financial incentive of the token economy
Drasch, Benedict J; Fridgen, Gilbert UL; Manner-Romberg, Tobias et al

in Electronic Markets (2020)

Multi-sided platforms are omnipresent in today’s digital world. However, establishing a platform includes challenges: The platform utility usually increases with the number of participants. At an early ... [more ▼]

Multi-sided platforms are omnipresent in today’s digital world. However, establishing a platform includes challenges: The platform utility usually increases with the number of participants. At an early stage, potential participants expect the platform utility to be low and lack an incentive to join (i.e., “chicken and egg” problem). Blockchain-enabled utility tokens hold the promise to overcome this problem. They supposedly provide a suitable financial incentive for their owners to join the platform as soon as possible. In the first half of 2018, investors seemed to believe in the presumption and spent more than US$ 17.6 billion in token sales. To date, we know little about this financial incentive in the context of the token economy. For this purpose, we model the token value development and the associated incentives in a multi-sided blockchain-enabled platform. The resulting findings suggest that blockchain-enabled utility tokens can help to overcome the “chicken and egg” problem. However, these tokens lead to contradictory incentives for platform participants, and can even inhibit platform usage. The contribution of our work is twofold: First, we develop one of the first models for token value development. Second, our research contributes to a deeper understanding of the utility token’s financial incentive. [less ▲]

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See detailA Solution in Search of a Problem : A Method for the Development of Blockchain Use Cases
Fridgen, Gilbert UL; Lockl, Jannik; Radszuwill, Sven et al

in 24th Americas Conference on Information Systems (AMCIS) (2018)

Blockchain technology is a very recent and fast evolving phenomenon with the potential to disrupt various industries. Organizations are thus increasingly looking at the technology and are forming multi ... [more ▼]

Blockchain technology is a very recent and fast evolving phenomenon with the potential to disrupt various industries. Organizations are thus increasingly looking at the technology and are forming multi-functional teams to evaluate the technology and its impact on their businesses. However, researchers and practitioners still lack a technology-driven, systematic approach to understand the potential of blockchain and to develop convincing use cases. We address this research gap by applying an action design research approach and situational method engineering to propose a method for the development of blockchain use cases. Following this approach, we iteratively evaluated and further developed the proposed method through application and testing in four distinct industries. We thus derive constructive knowledge at the cutting edge of digital transformation, innovation management, and utilization of emerging technologies. In addition, our research supports practitioners in systematically developing blockchain use cases. [less ▲]

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See detailSolution-based Innovation : A Method for Emerging Technology Use Case Development
Fridgen, Gilbert UL; Lockl, Jannik; Radszuwill, Sven et al

in Workshop Blockchain Research ? Beyond the Horizon, European Conference on Information Systems (ECIS) (2018)

Interest in blockchain is growing rapidly and at a global scale. The potential to disrupt various industries is attributed to the emerging blockchain technology. Organizations and institutions have thus ... [more ▼]

Interest in blockchain is growing rapidly and at a global scale. The potential to disrupt various industries is attributed to the emerging blockchain technology. Organizations and institutions have thus begun to examine the emerging the technology and its impact on their businesses. However, researchers and practitioners still lack a systematic approach to understand the po-tential of blockchain and to develop convincing use cases. We addressed this research gap by applying an action design research approach and situational method engineering to propose a method for the development of blockchain technology use cases. Following this approach, we iteratively evaluate and further develop the proposed method through application in four distinct industries. In a next research step, we now focus on a broader context and evaluate if our existing use case development method is applicable for other emerging technologies than blockchain. By doing so, we seek to broaden our evaluation, generalize our method, and support practitioners and researchers in better leveraging the opportunities of continuous digital transformation. [less ▲]

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See detailCross-Organizational Workflow Management Using Blockchain Technology : Towards Applicability, Auditability, and Automation
Fridgen, Gilbert UL; Radszuwill, Sven; Urbach, Nils et al

in 51st Annual Hawaii International Conference on System Sciences (HICSS) (2018)

Bringing Blockchain technology and business process management together, we follow the Design Science Research approach and design, implement, and evaluate a Blockchain prototype for cross-organizational ... [more ▼]

Bringing Blockchain technology and business process management together, we follow the Design Science Research approach and design, implement, and evaluate a Blockchain prototype for cross-organizational workflow management together with a German bank. For the use case of a documentary letter of credit we describe the status quo of the process, identify areas of improvement, implement a Blockchain solution, and compare both workflows. The prototype illustrates that the process, as of today paper-based and with high manual effort, can be significantly improved. Our research reveals that a tamper-proof process history for improved auditability, automation of manual process steps and the decentralized nature of the system can be major advantages of a Blockchain solution for cross-organizational workflow management. Further, our research provides insights how Blockchain technology can be used for business process management in general. [less ▲]

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See detailForging a Double-Edged Sword : Resource Synergies and Dependencies in Complex IT Project Portfolios
Radszuwill, Sven; Fridgen, Gilbert UL

in 38th International Conference on Information Systems (ICIS) (2017)

These days, due to the high level of interactions between individual projects, IT project portfolios are best described as IT project networks. While varied and frequent interactions between single IT ... [more ▼]

These days, due to the high level of interactions between individual projects, IT project portfolios are best described as IT project networks. While varied and frequent interactions between single IT projects create additional risks, they also generate the possibility of additional synergistic effects. This, however, is not reflected in current methods for IT project portfolio evaluation and project portfolio selection, which neither account for specific network characteristics nor do they clearly distinguish between the types of interaction and their effects. In this paper, we model resource synergies and dependencies within IT project networks by means of weighted, undirected and directed graphs and describe how alpha centrality allows for an assessment of both. We further illustrate the importance of accounting for network characteristics and the equal importance of distinguishing between resource synergies and resource dependencies. Our model can therefore be applied to gain practical insights on IT project portfolios [less ▲]

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