Blockchain: How to Position Your Company for the Inevitable
Name
2018_0301_Blockchain_LacityMoloneyRoss.pdf
Size
275.82 KB
Format
Adobe PDF
Checksum (MD5)
ec417293a8c72bcc155d5f78c4706553
Author(s)
Lacity, Mary
Moloney, Kate
Ross, Jeanne W.
Date Issued
March 15, 2018
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Series/Report no.
MIT CISR Research Briefing, Vol. XVIII, No. 3
Abstract
Blockchain applications promise to smooth out the many friction points in today s business transactions. We don t doubt blockchain technology s potential to be transformational, but before it becomes widely applied, technology and business leaders must resolve some rather gnarly issues, including (1) the lack of standards, particularly in data formats and how different types of transactions are defined; (2) immature technology, which currently limits security, capacity, and processing speed; (3) regulatory uncertainty; and even (4) immature and undisciplined internal transaction processing systems that must link seamlessly to blockchain applications. This briefing addresses what companies should be doing now to build blockchain capabilities.
Subjects
Information Technologies
Innovation and Strategy
Digital Innovation
Digitizing Business Processes
IT-based Business Transformation
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
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