To What Extent Will Blockchain Drive the Machine Economy? Perspectives From a Prospective Study

Titelangaben

Schweizer, André ; Knoll, Patricia ; Urbach, Nils ; van der Gracht, Heiko ; Hardjono, Thomas:
To What Extent Will Blockchain Drive the Machine Economy? Perspectives From a Prospective Study.
In: IEEE Transactions on Engineering Management. Bd. 67 (2020) Heft 4 . - S. 1169-1183.
ISSN 0018-9391
DOI: https://doi.org/10.1109/TEM.2020.2979286

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Abstract

The advancements in the fields of IT and robotics are provoking the fourth industrial revolution and transforming our economy towards the machine economy. Billions of economically autonomous machines engaging in business relationships raise novel requirements regarding security, privacy, regulation, business models, trustful transaction processing, and interoperability. A technology that promises to provide solutions to these challenges is blockchain. Neither practice has spawned productive solutions nor has research been able to assess the phenomenon profoundly. First investigations focus on specific use cases, but existing work does not examine the overall impact and role of blockchain in the machine economy. However, this knowledge is of particular importance for various stakeholders. We address this research and knowledge gap by conducting a study with 50 blockchain and machin