New Kid on the Block: A Strategic Archetypes Approach to Understanding the Blockchain

Clara Walsh; Philip O'Reilly; Rob Gleasure; Joseph Feller; Shanping Li; Jerry Cristoforo

New Kid on the Block: A Strategic Archetypes Approach to Understanding the Blockchain

Clara Walsh, Philip O'Reilly, Rob Gleasure, Joseph Feller, Shanping Li, Jerry Cristoforo

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

Emerging Blockchain technologies have received considerable attention in the financial services domain. This is due to the potential of those technologies to radically disrupt existing financial systems by introducing new types of assets and new ways of managing transactions. Yet many of these technologies are so new and seemingly complex that strategic decision-makers may not fully understand the alternative Blockchain technologies on offer, let alone the costs and benefits associated with specific instantiations. This paper reviews the Blockchain literature and identifies eight key system design characteristics. From this, four Blockchain archetypes emerge, each of which is presented using a recognizable existing system to allow tangible discussion of similarities and differences across archetypes. The identification of these archetypes provides an important foundation for future research, enabling in-depth research to be conducted that will outline the costs, benefits, risks, and issues associated with each archetype.

Original language	English
Title of host publication	ICIS 2016 Proceedings
Number of pages	12
Publisher	Association for Information Systems. AIS Electronic Library (AISeL)
Publication date	2016
Article number	6
ISBN (Print)	9780996683135
Publication status	Published - 2016
Externally published	Yes
Event	2016 International Conference on Information Systems, ICIS 2016: Digital Innovation at the Crossroads - University of Limerick, Dublin, Ireland Duration: 11 Dec 2016 → 14 Dec 2016 Conference number: 37 https://icis2016.aisnet.org/

Conference

Conference	2016 International Conference on Information Systems, ICIS 2016
Number	37
Location	University of Limerick
Country/Territory	Ireland
City	Dublin
Period	11/12/2016 → 14/12/2016
Other	Thirty Seventh International Conference on Information Systems
Internet address	https://icis2016.aisnet.org/

Series	Proceedings of the International Conference on Information Systems
Number	37
ISSN	0000-0033

Keywords

Blockchain
Strategic archetypes
Cryptocurrency
Bitcoin

Access to Document

https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1032&context=icis2016Licence: Unspecified

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Persistent link

Cite this

@inproceedings{9e6895c7912f4ca6bec018c20bc262f9,

title = "New Kid on the Block: A Strategic Archetypes Approach to Understanding the Blockchain",

abstract = "Emerging Blockchain technologies have received considerable attention in the financial services domain. This is due to the potential of those technologies to radically disrupt existing financial systems by introducing new types of assets and new ways of managing transactions. Yet many of these technologies are so new and seemingly complex that strategic decision-makers may not fully understand the alternative Blockchain technologies on offer, let alone the costs and benefits associated with specific instantiations. This paper reviews the Blockchain literature and identifies eight key system design characteristics. From this, four Blockchain archetypes emerge, each of which is presented using a recognizable existing system to allow tangible discussion of similarities and differences across archetypes. The identification of these archetypes provides an important foundation for future research, enabling in-depth research to be conducted that will outline the costs, benefits, risks, and issues associated with each archetype.",

keywords = "Blockchain, Strategic archetypes, Cryptocurrency, Bitcoin, Blockchain, Strategic archetypes, Cryptocurrency, Bitcoin",

author = "Clara Walsh and Philip O'Reilly and Rob Gleasure and Joseph Feller and Shanping Li and Jerry Cristoforo",

year = "2016",

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isbn = "9780996683135",

series = "Proceedings of the International Conference on Information Systems",

number = "37",

booktitle = "ICIS 2016 Proceedings",

publisher = "Association for Information Systems. AIS Electronic Library (AISeL)",

note = "2016 International Conference on Information Systems, ICIS 2016 ; Conference date: 11-12-2016 Through 14-12-2016",

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}

Walsh, C, O'Reilly, P, Gleasure, R, Feller, J, Li, S & Cristoforo, J 2016, New Kid on the Block: A Strategic Archetypes Approach to Understanding the Blockchain. in ICIS 2016 Proceedings., 6, Association for Information Systems. AIS Electronic Library (AISeL), Proceedings of the International Conference on Information Systems, no. 37, 2016 International Conference on Information Systems, ICIS 2016, Dublin, Ireland, 11/12/2016. <https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1032&context=icis2016>

New Kid on the Block: A Strategic Archetypes Approach to Understanding the Blockchain. / Walsh, Clara; O'Reilly, Philip; Gleasure, Rob et al.
ICIS 2016 Proceedings. Association for Information Systems. AIS Electronic Library (AISeL), 2016. 6 (Proceedings of the International Conference on Information Systems; No. 37).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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AB - Emerging Blockchain technologies have received considerable attention in the financial services domain. This is due to the potential of those technologies to radically disrupt existing financial systems by introducing new types of assets and new ways of managing transactions. Yet many of these technologies are so new and seemingly complex that strategic decision-makers may not fully understand the alternative Blockchain technologies on offer, let alone the costs and benefits associated with specific instantiations. This paper reviews the Blockchain literature and identifies eight key system design characteristics. From this, four Blockchain archetypes emerge, each of which is presented using a recognizable existing system to allow tangible discussion of similarities and differences across archetypes. The identification of these archetypes provides an important foundation for future research, enabling in-depth research to be conducted that will outline the costs, benefits, risks, and issues associated with each archetype.

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