Skip to main content
SpringerLink
Log in

On the Future of Markets Driven by Blockchain

  • Conference paper
  • First Online:
Business Information Systems Workshops (BIS 2018)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 339))

Included in the following conference series:

Abstract

When an effort is made to understand how the blockchain may influence the evolution of economies, a distinction between marketing promises and neutral assessments is required. This work aims to review the prospective development of three key economic principles under the assumed constitution of a blockchain future. It is analyzed how the concepts of intermediation, economic transparency and economic automation show characteristics under possibly disruptive impact. Their present situation is laid out and extrapolated to gain a reasoned insight into economic development driven by blockchain technology as currently promised. An argument is made that the consumers view of innovative services will be coined by nescience towards the actual data structure in use.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Abeyratne, S., Monfared, R.: Blockchain ready manufacturing supply chain using distributed ledger 5 (2016)

    Google Scholar 

  2. Apte, S.: Will blockchain technology revolutionise excipient supply chain management? J. Excipients Food Chem. 7(3), 76–78 (2016). https://ojs.abo.fi/ojs/index.php/jefc/article/view/1465

    Google Scholar 

  3. Bagchi, P.K., Ha, B.C., Skjoett-Larsen, T., Soerensen, L.B.: Supply chain integration: a European survey. Int. J. Logistics Manage. 16(2), 275–294 (2005). https://doi.org/10.1108/09574090510634557

    Article  Google Scholar 

  4. Beck, R., Czepluch, J.S., Lollike, N., Malone, S.: Blockchain-the gateway to trust-free cryptographic transactions. In: Research Papers, p. 153 (2016)

    Google Scholar 

  5. BusinessDictionary.com: What is intermediation? Definition and meaning (2018). http://www.businessdictionary.com/definition/intermediation.html. Accessed 29 Apr 2018

  6. Cooper, M.C., Lambert, D.M., Pagh, J.D.: Supply chain management: more than a new name for logistics. Int. J. Logistics Manage. 8(1), 1–14 (1997). https://doi.org/10.1108/09574099710805556

    Article  Google Scholar 

  7. Felber, C.: Die Gemeinwohl-Ökonomie das Wirtschaftsmodell der Zukunft. Deuticke, Wien (2010)

    Google Scholar 

  8. Francisco, K., Swanson, D.: The supply chain has no clothes: technology adoption of blockchain for supply chain transparency. Logistics 2(1), 2 (2018). https://doi.org/10.3390/logistics2010002

    Article  Google Scholar 

  9. Gellman, R.: Disintermediation and the internet. Gov. Inf. Q. 13(1), 1–8 (1996). https://doi.org/10.1016/S0740-624X(96)90002-7

    Article  Google Scholar 

  10. Giaglis, G.M., Klein, S., O’Keefe, R.M.: Disintermediation, reintermediation, or cybermediation? The future of intermediaries in electronic marketplaces. In: Proceedings 12th Electronic Commerce Conference on Global Networked Organizations, pp. 7–9. Moderna Organizacija (1999)

    Google Scholar 

  11. Gonçalves, V., Dobbelaere, P.: Business scenarios for machine-to-machine mobile applications. In: 2010 Ninth International Conference on Mobile Business and 2010 Ninth Global Mobility Roundtable (ICMB-GMR), pp. 394–401, June 2010. https://doi.org/10.1109/ICMB-GMR.2010.61

  12. Hegadekatti, K.: Automation processes and blockchain systems. SSRN Electron. J. (2016). https://doi.org/10.2139/ssrn.2890435

  13. Huckle, S., Bhattacharya, R., White, M., Beloff, N.: Internet of things, blockchain and shared economy applications. Procedia Comput. Sci. 98, 461–466 (2016). https://doi.org/10.1016/j.procs.2016.09.074. The 7th International Conference on Emerging Ubiquitous Systems and Pervasive Networks (EUSPN 2016)/The 6th International Conference on Current and Future Trends of Information and Communication Technologies in Healthcare (ICTH-2016)/Affiliated Workshops

    Article  Google Scholar 

  14. Kravitz, D.W., Cooper, J.: Securing user identity and transactions symbiotically: Iot meets blockchain. In: 2017 Global Internet of Things Summit (GIoTS), pp. 1–6, June 2017. https://doi.org/10.1109/GIOTS.2017.8016280

  15. Mattila, J.: The blockchain phenomenon: the disruptive potential of distributed consensu architectures. In: ETLA Working Papers: Elinkeinoelämän Tutkimuslaitos, Research Institute of the Finnish Economy (2016)

    Google Scholar 

  16. Nagurney, A., Liu, Z., Woolley, T.: Sustainable supply chain and transportation networks. Int. J. Sustain. Transp. 1(1), 29–51 (2007). https://doi.org/10.1080/15568310601060077

    Article  Google Scholar 

  17. Narayanan, A.: What happened to the crypto dream? part 1. IEEE Secur. Priv. 11(2), 75–76 (2013). https://doi.org/10.1109/MSP.2013.45

    Article  Google Scholar 

  18. Puschmann, T., Alt, R.: Sharing economy. Bus. Inf. Syst. Eng. Int. J. Wirtschaftsinformatik 58(1), 93–99 (2016). https://EconPapers.repec.org/RePEc:spr:binfse:v:58:y:2016:i:1:p:93–99

    Article  Google Scholar 

  19. Redlich, T., Moritz, M.: Die Zukunft der Wertschöpfung - dezentral, vernetzt und kollaborativ, pp. 1–6. Springer Fachmedien Wiesbaden, Wiesbaden (2018)

    Google Scholar 

  20. Schmidt, R.H., Hackethal, A., Tyrell, M.: Disintermediation and the role of banks in Europe: an international comparison. J. Financ. Intermediation 8(1), 36–67 (1999). https://doi.org/10.1006/jfin.1998.0256. http://www.sciencedirect.com/science/article/pii/S104295739890256X

    Article  Google Scholar 

  21. Seebacher, S., Schüritz, R.: Blockchain technology as an enabler of service systems: a structured literature review. In: Za, S., Drăgoicea, M., Cavallari, M. (eds.) IESS 2017. LNBIP, vol. 279, pp. 12–23. Springer, Cham (2017). https://doi.org/10.1007/978-3-319-56925-3_2

    Chapter  Google Scholar 

  22. Shen, J., Wei, B., Yan, H.: Financial intermediation chains in an OTC market. SSRN Electron. J. (2018). https://doi.org/10.2139/ssrn.2577497

  23. Sun, J., Yan, J., Zhang, K.Z.K.: Blockchain-based sharing services: what blockchain technology can contribute to smart cities. Financial Innov. 2(1), 26 (2016). https://doi.org/10.1186/s40854-016-0040-y

    Article  Google Scholar 

  24. Sundararajan, A.: The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. MIT Press, Cambridge (2016). http://www.jstor.org/stable/j.ctt1c2cqh3

    Google Scholar 

  25. Tian, F.: An agri-food supply chain traceability system for china based on RFID blockchain technology. In: 2016 13th International Conference on Service Systems and Service Management (ICSSSM), pp. 1–6, June 2016

    Google Scholar 

  26. Walter, B., Hess, T., Picot, A.: Intermediation und Digitalisierung: Ein Ökonomisches Konzept Am Beispiel Der Konvergenten Medienbranche. Gabler Edition Wissenschaft: Markt- und Unternehmensentwicklung, Deutscher Universitätsverlag (2007)

    Google Scholar 

  27. Wilusz, D., Rykowski, J.: The architecture of coupon-based, semi-off-line, anonymous micropayment system for internet of things. In: Camarinha-Matos, L.M., Tomic, S., Graça, P. (eds.) DoCEIS 2013. IAICT, vol. 394, pp. 125–132. Springer, Heidelberg (2013). https://doi.org/10.1007/978-3-642-37291-9_14

    Chapter  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Bielefeld University of Applied Sciences, Campus Minden, 32427, Minden, Germany

    Mario Cichonczyk

Authors
  1. Mario Cichonczyk
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Mario Cichonczyk .

Editor information

Editors and Affiliations

  1. Poznań University of Economics and Business, Poznań, Poland

    Witold Abramowicz

  2. Fraunhofer FOKUS, Berlin, Berlin, Germany

    Adrian Paschke

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Cichonczyk, M. (2019). On the Future of Markets Driven by Blockchain. In: Abramowicz, W., Paschke, A. (eds) Business Information Systems Workshops. BIS 2018. Lecture Notes in Business Information Processing, vol 339. Springer, Cham. https://doi.org/10.1007/978-3-030-04849-5_29

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-04849-5_29

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-04848-8

  • Online ISBN: 978-3-030-04849-5

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics

Search

Navigation