Blockchain: An Exploratory Study

Jussi Saha

Student thesis: Master thesis


Blockchain is the technological innovation behind bitcoin, but it‘s also much more than that. It‘s a distributed ledger that allows companies and individuals to collaborate in unprecedented ways without trust or centralization. The goal of this thesis was to identify the main value proposition of blockchain, and to understand how it can be used in different sectors. This was done by analyzing the core concepts of the technology, and how they enable the different use cases. The second goal was to determine the criteria for potential blockchain use cases. The results show that blockchain could potentially disrupt and transform various industries through disintermediation, improvements in efficiency, cost reductions and new business models, but is still at an early stage and has many challenges that have to be overcome. Use of blockchain makes most sense when there are multiple parties present and a lack of trust between them.

EducationsMSc in Business Administration and Information Systems, (Graduate Programme) Final Thesis
Publication date2017
Number of pages60
SupervisorsLeif Bloch Rasmussen