Innovation and Challenges of Blockchain in Banking: A Scientometric View

Blockchain has been gaining focus in research and development for diverse industries in recent years. Nevertheless, innovations that impact to the banking nurture a potential for disruptive impact globally for economic reasons; however it has received less scholarly attention. Hence the effect of blockchain technologies on banking industry is systematically reviewed. The relevant literature is extracted from Scopus, Web of Science and bibliometric techniques are applied. While a bulk of earlier papers focuses only on bit coins, a broader framework is envisaged that synthesizes interdisciplinary thematic areas for advancement; hence novelty in current work. A few practical and theoretical implications for stakeholders in view of technology, law and management are discussed

Blockchain, data protection and P2P energy trading. A review on legal and economic challenges

Blockchain technology (BCT) enables the automated execution of smart contracts in peerto-peer (P2P) energy trading. BCT-based P2P platforms allow the sharing, exchange and trade of energy among consumers or prosumers as peers, fostering the decarbonization, decentralization and digitalization of the energy industry. On the other hand, BCT-based P2P energy trading relies on the collection, storage and processing of a large amount of user data, posing interdisciplinary challenges, including user anonymity, privacy, the governance of BCT systems and the role of energy market players. First, this paper seeks to review the state of the art of European data protection law and regulations by focusing on BCT compliance with the General Data Protection Regulation (GDPR) of 2018. Second, it explores both the potentials and the challenges of BCT-based P2P energy trading from a legal–economic perspective. To do so, the paper adopts an interdisciplinary approach which intertwines both law and economics, by reviewing the recent literature on BCT and P2P energy trading. Findings have revealed that the deployment of BCT-based P2P energy trading is still in its pilot stage because of technology immaturity, data protection uncertainty, incomplete disintermediation and the lack of both user awareness and collaboration among market players. Drawing on the review, the paper also proposes a selection of solutions to foster the implementation of BCT-based P2P energy trading

PizzaBlock: Designing Artefacts and Roleplay to Understand Decentralised Identity Management Systems

This pictorial describes in detail the design, and multiple iterations, of PizzaBlock - a role-playing game and design workshop to introduce non-technical participants to decentralised identity management systems. We have so far played this game with six different audiences, with over one hundred participants - iterating the design of the artefacts and gameplay each time. In this pictorial, we reflect on this RtD project to unpack: a) How we designed artefacts and roleplay to explore decentralised technologies and networks; b) How we communicated the key challenges and parameters of a complex system, through the production of a playable, interactive, analogue representation of that technology; c) How we struck a balance between playful tangible gameplay and high-fidelity technical analogy; and d) How approaches like PizzaBlock invite engagement with complex infrastructures and can support more participatory approaches to their design

Blockchain and Cryptocurrency in Human Computer Interaction:A Systematic Literature Review and Research Agenda

We present a systematic literature review of cryptocurrency and blockchain research in Human-Computer Interaction (HCI) published between 2014 and 2021. We aim to provide an overview of the field, consolidate existing knowledge, and chart paths for future research. Our analysis of 99 articles identifies six major themes: (1) the role of trust, (2) understanding motivation, risk, and perception of cryptocurrencies, (3) cryptocurrency wallets, (4) engaging users with blockchain, (5) using blockchain for application-specific use cases, and (6) support tools for blockchain. We discuss the focus of the existing research body and juxtapose it to the changing landscape of emerging blockchain technologies to highlight future research avenues for HCI and interaction design. With this review, we identify key aspects where interaction design is critical for the adoption of blockchain systems. Doing so, we provide a starting point for new scholars and designers and help them position future contributions

BREAKING DOWN THE BLOCKCHAIN HYPE – TOWARDS A BLOCKCHAIN MARKET ENGINEERING APPROACH

The blockchain has reached the tip of a global hype across a variety of industries. The potential of this technology, inter alia building the fundament of Bitcoin, is assumed to be immense and disruptive – particularly for the financial industry. FinTech start-ups as well as established players however are just about to explore the true potential of blockchain technology as the fundament of (financial) markets. Before this backdrop, Information Systems research is making valuable contributions to the field by integrating the technical view on blockchain with interdisciplinary research approaches. Our contribution to the growing body of Information Systems literature in the context of the blockchain is twofold: First, we conduct a comprehensive literature review of the most relevant and recent IS research on blockchain. Second, based on the findings of our review, we build on existing research and propose a Blockchain Market Engineering Framework, which can support researchers as well as practitioners in analyzing and designing the elements of blockchain-based markets on an individual and global level. In addition, we go beyond a purely analytical perspective and provide a toolbox to support the active construction of blockchain-based ecosystems and infrastructures. In doing so we pave the way for future research that will help to break down the blockchain hype

Trusted UAV Network Coverage using Blockchain, Machine Learning and Auction Mechanisms

The UAV is emerging as one of the greatest technology developments for rapid network coverage provisioning at affordable cost. The aim of this paper is to outsource network coverage of a specific area according to a desired quality of service requirement and to enable various entities in the network to have intelligence to make autonomous decisions using blockchain and auction mechanisms. In this regard, by considering a multiple-UAV network where each UAV is associated to its own controlling operator, this paper addresses two major challenges: the selection of the UAV for the desired quality of network coverage and the development of a distributed and autonomous real-time monitoring framework for the enforcement of service level agreement (SLA). For a suitable UAV selection, we employ a reputation-based auction mechanism to model the interaction between the business agent who is interested in outsourcing the network coverage and the UAV operators serving in closeby areas. In addition, theoretical analysis is performed to show that the proposed auction mechanism attains a dominant strategy equilibrium. For the SLA enforcement and trust model, we propose a permissioned blockchain architecture considering Support Vector Machine (SVM) for real-time autonomous and distributed monitoring of UAV service. In particular, smart contract features of the blockchain are invoked for enforcing the SLA terms of payment and penalty, and for quantifying the UAV service reputation. Simulation results confirm the accuracy of theoretical analysis and efficacy of the proposed model

Defining the business ecosystem of peer-to-peer electricity trading

Purpose: The purpose of this paper is to introduce the value proposition and structure of the business ecosystem of peer-to-peer electricity trading through a future oriented approach. Design/Methodology/Approach: This study follows a qualitative approach. It conducts conceptual analyses by utilizing previously validated tools in similar contexts. First, different views on business ecosystems are introduced and an argument is made to justify an ecosystem perspective for peerto-peer electricity trading. Second, the value proposition of the peer-to-peer electricity trading ecosystem is identified by utilising a meta-model which consists of four elements: end customer value, business value (shareholder value), collaborative value (business value to the supply chain) and societal value (value creation in the supply chain and control of negative externalities). Third, based on the structural view of business ecosystems, the study identifies actors, positions, links, and activities in the traditional electricity trading. And last, (structural) changes of the ecosystem for peer-to-peer electricity trading are discussed. Findings: This paper elaborates the business ecosystem of peer-to-peer electricity trading and highlights the structural changes it imposes to the status quo. Practical and social implications: The ecosystem construct adds insights into actors’ ecosystem strategy regarding their business models for peer-to-peer electricity trading as well as into the governance of this type of trading. It provides a comprehensive view for policy makers. It enhances the research designs in detailed aspects of the peer-to-peer electricity trading by providing a wide lense. Originality/Value: The identified business ecosystem of peer-to-peer electricity trading provides a comprehensive, multi-stakeholder perspective to incorporate complexities and include externalities

Peer-to-Peer Energy Trading in the Real World: Market Design and Evaluation of the User Value Proposition

Electricity markets are experiencing a shift to a more decentralized structure with small distributed renewable generation sources like residential photovoltaic systems. Simultaneously, information systems have driven the development of a “sharing economy” also in the electricity sector and can enable previously passive consumers to directly trade solar electricity in local communities. However, it is unclear how such peer-to-peer (P2P) markets should be designed to create value for the user. In a framed field experiment, we design and implement Switzerland’s first real-world P2P electricity market in a local community. We examine its value proposition for the users and elicit user preferences by enabling the participants to directly influence buy and sell prices for local solar energy. The collected empirical evidence suggests that the P2P exchange is beneficial for users and provides incentives for generation of renewable energy. The results create valuable insights for the design and diffusion of future energy markets

Blockchain in a Business Model: Exploring Benefits and Risks

Although a blockchain has the potential to redefine value creation, delivery and capture activities in organisations, research on business model innovation from a blockchain perspective is still developing. This paper provides an analysis of literature on the use of blockchain in business model innovation. This analysis reconciles the technological and management perspectives to explore blockchain technology characteristics in relation to benefits and risks for business models. The findings contribute to the emerging stream of research discussing the business implications of innovative technologies, describing how blockchain networks can have an impact on business processes