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NFTs in Practice : Non-Fungible Tokens as Core Component of a Blockchain-based Event Ticketing Application

Title data

Regner, Ferdinand ; Schweizer, André ; Urbach, Nils:
NFTs in Practice : Non-Fungible Tokens as Core Component of a Blockchain-based Event Ticketing Application.
2019
Event: 40th International Conference on Information Systems , 15.-18.12.19 , Munich.
(Conference item: Conference , Paper )

Official URL: Volltext

Abstract in another language

Non-fungible tokens (NFTs) are a new type of unique and indivisible blockchain-based tokens introduced in late 2017. While fungible tokens have enabled new use cases such as Initial Coin Offerings, the potential of NFTs as a valuable component remains unclear. This paper addresses this gap in theoretical and practical knowledge and demonstrates the efficacy of NFTs in the domain of event ticketing. We follow a rigorous design science research approach of designing, building and thoroughly evaluating a prototype of an event ticketing system based on NFTs. Thereby, we demonstrate the usefulness of NFTs to tokenize digital goods, prevent fraud and improve control over secondary market transactions. Further, we contribute generalizable knowledge of the benefits and challenges of NFTs and derive implications for both researchers and practitioners. Finally, this paper proposes managerial recommendations for building applications utilizing NFTs and enables other researchers to draw on its findings and design principles.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Blockchain; Tokenization; Smart Contract; Non-Fungible Token; Ticketing
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and strategic IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and strategic IT management > Professorship Business Informations Systems and strategic IT management - Univ.-Prof. Dr. Nils Urbach
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 30 Sep 2019 10:09
Last Modified: 30 Sep 2019 10:09
URI: https://eref.uni-bayreuth.de/id/eprint/52509