Reference : The transparency challenge of blockchain in organizations
Scientific journals : Article
Engineering, computing & technology : Computer science
Business & economic sciences : Management information systems
Security, Reliability and Trust
http://hdl.handle.net/10993/53717
The transparency challenge of blockchain in organizations
English
Sedlmeir, Johannes mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX]
Lautenschlager, Jonathan [> >]
Fridgen, Gilbert mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX]
Urbach, Nils [> >]
2022
Electronic Markets
32
3
1779--1794
Yes
International
1422-8890
[en] This position paper discusses the challenges of blockchain applications in businesses and the public sector related to an excessive degree of transparency. We first point out the types of sensitive data involved in different patterns of blockchain use cases. We then argue that the implications of blockchains’ information exposure caused by replicated transaction storage and execution go well beyond the often-mentioned conflicts with the GDPR’s “right to be forgotten” and may be more problematic than anticipated. In particular, we illustrate the trade-off between protecting sensitive information and increasing process efficiency through smart contracts. We also explore to which extent permissioned blockchains and novel applications of cryptographic technologies such as self-sovereign identities and zero-knowledge proofs can help overcome the transparency challenge and thus act as catalysts for blockchain adoption and diffusion in organizations.
http://hdl.handle.net/10993/53717
10.1007/s12525-022-00536-0
https://doi.org/10.1007/s12525-022-00536-0
FnR ; FNR13342933 > Gilbert Fridgen > DFS > Paypal-fnr Pearl Chair In Digital Financial Services > 01/01/2020 > 31/12/2024 > 2019

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