References of "Brennecke, Martin 50065634"
     in
Bookmark and Share    
Peer Reviewed
See detailThe Human Factor in Blockchain Ecosystems: A Sociotechnical Framework
Brennecke, Martin UL; Guggenberger, Tobias; Sachs, Alexander et al

in Proceedings of the 17th International Conference on Wirtschaftsinformatik (2022)

As blockchain development continues at an ever-increasing pace, an increasing number of individual actors and organizations throughout entire econ-omies get into contact with the technology. Furthermore ... [more ▼]

As blockchain development continues at an ever-increasing pace, an increasing number of individual actors and organizations throughout entire econ-omies get into contact with the technology. Furthermore, the growing collabora-tion of companies, customers, suppliers, and other actors is evolving into a mul-tilateral network between the parties engaged with the technology. Therefore, to understand blockchain-based business models and innovations, it is necessary to understand human interactions within blockchain ecosystems. Consequently, this paper offers new insights concerning the role of human actors within blockchain ecosystems. For this purpose, the structure within and around the Ethereum-blockchain is analyzed using existing literature on the Ethereum ecosystem and Sociotechnical systems. The analysis results are then placed in their context and summarized in a framework for comparable ecosystems. [less ▲]

Detailed reference viewed: 43 (7 UL)
Peer Reviewed
See detailThe De-Central Bank in Decentralized Finance: A Case Study of MakerDAO
Brennecke, Martin UL; Guggenberger, Tobias; Schellinger, Benjamin et al

in Proceedings of the 55th Hawaii International Conference on System Sciences (2022)

Countless decentralized finance (DeFi) applications of the past years have suffered from the high volatility and speculative behavior surrounding their underlying crypto assets. While the academic debate ... [more ▼]

Countless decentralized finance (DeFi) applications of the past years have suffered from the high volatility and speculative behavior surrounding their underlying crypto assets. While the academic debate has been flourishing in these areas, Decentralized Autonomous Organizations (DAOs) have not received as much attention. This is the case even though they could offer an opportunity to solve some of the underlying problems of existing cryptocurrencies and ecosystems, for example, by providing lower volatility and, thus, exchange rate stability. This paper presents an economic analysis of the MakerDAO, a DAO in DeFi. In doing so, we use a single case study methodology based on existing resources and expert interviews. It also uses monetary theory instruments to provide researchers and developers with insights into how DAOs are governed. Further, it serves to illustrate how IS research may support the development of future IT artifacts aimed at offering the infrastructure for DeFi applications. [less ▲]

Detailed reference viewed: 51 (9 UL)