Reference : Blockchain Won’t Kill the Banks: Why Disintermediation Doesn’t Work in International ...
Scientific journals : Article
Engineering, computing & technology : Computer science
Business & economic sciences : Management information systems
Security, Reliability and Trust
http://hdl.handle.net/10993/49099
Blockchain Won’t Kill the Banks: Why Disintermediation Doesn’t Work in International Trade Finance
English
Fridgen, Gilbert mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >]
Radszuwill, Sven []
Schweizer, André []
Urbach, Nils []
2021
Communications of the Association for Information Systems
49
Yes (verified by ORBilu)
International
1529-3181
1529-3181
[en] In the financial services industry, many people assume blockchain to have significant impacts. From research and practice, we observe two main paradigms of how organizations interact with blockchain. First, organizations use blockchain to optimize existing processes (blockchain-based business process optimization (BPO)). Second, organizations use blockchain to disrupt existing processes, foster disintermediation, and enable disruptive business models (blockchain-based business process disruption (BPD)). However, we lack scientific research that evaluates its de facto potential. We bridge this gap by following a design science research approach to design blockchain-based business process re-engineering (BPRE) for a letter of credit that combines the advantages of BPO and BPD. We conduct three design cycles and develop three artefacts: a BPO, a BPD, and a BPRE approach. Our BPRE approach combines the advantages of partial disintermediation (i.e., increased efficiency and transparency) with the advantages of intermediaries (i.e., process flexibility, liquidity provision, and dispute mediation).
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > Other
http://hdl.handle.net/10993/49099
10.17705/1CAIS.04932
https://aisel.aisnet.org/cais/vol49/iss1/33/
Authors may include a copy of their article on their Web page as long as it is clearly noted that AIS owns the copyright and use for profit is not allowed. Such an author version must be identical to the final published version, and include a link to Communications of the Association for Information Systems.
FnR ; FNR13342933 > Gilbert Fridgen > DFS > Paypal-fnr Pearl Chair In Digital Financial Services > 01/01/2020 > 31/12/2024 > 2019

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