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The Value and Applications of Blockchain Technology in Business: A Systematic Review of Real Use Cases

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Blockchain and Applications (BLOCKCHAIN 2021)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 320))

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Abstract

This work provides an empirical study to identify the specific objective pursued by companies that are currently investing to develop blockchain technologies to improve their processes. Unlike other studies based on the theoretical potential application of blockchain technology in different sectors, the main objective of this paper is to analyse real projects and investment of companies in blockchain technology to identify the main value or use that managers prioritize in their technology development efforts. More than one hundred blockchain projects from different sectors have been examined with the aim of extracting the perceived value of blockchain technology by managers, customers, and partners. Identifying the business value that is most demanded in each sector and company size, as well as the relationship between the values that are jointly demanded. This article assesses the main values attributed to blockchain, highlighting those really appreciated by companies to invest in them and identifying new applications of blockchain technology in different sectors, and generating organisational change.

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Acknowledgments

J. M. Zarzuelo acknowledges support from the Spanish Ministry of Science and Innovation (PID2019- 105291GB-I00), and by UPV/EHU (GIU20/019).

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Authors and Affiliations

  1. TECNALIA, Basque Research and Technology Alliance (BRTA), Parque Científico y Tecnológico de Bizkaia #700, 48160, Derio, Spain

    Oscar Lage

  2. Faculty of Economics and Business Administration, The University of the Basque Country, Av. Lehendakari Aguirre, 83, 48015, Bilbao, Spain

    Oscar Lage, María Saiz-Santos & José Manuel Zarzuelo

Authors
  1. Oscar Lage
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  2. María Saiz-Santos
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  3. José Manuel Zarzuelo
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Corresponding author

Correspondence to Oscar Lage .

Editor information

Editors and Affiliations

  1. Building Edificio I+D+i, Room 24.1, University of Salamanca, Salamanca, Salamanca, Spain

    Javier Prieto

  2. Universidad Rey Juan Carlos, Móstoles, Madrid, Spain

    Alberto Partida

  3. Research Centre in Digitalization, Instituto Politécnico de Bragança, Bragança, Portugal

    Paulo Leitão

  4. ESTG, Instituto Politécnico do Porto, Felgueiras, Portugal

    António Pinto

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Lage, O., Saiz-Santos, M., Zarzuelo, J.M. (2022). The Value and Applications of Blockchain Technology in Business: A Systematic Review of Real Use Cases. In: Prieto, J., Partida, A., Leitão, P., Pinto, A. (eds) Blockchain and Applications. BLOCKCHAIN 2021. Lecture Notes in Networks and Systems, vol 320. Springer, Cham. https://doi.org/10.1007/978-3-030-86162-9_15

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