Skip to main content Accessibility help
×
  • Cited by 31
    • Show more authors
    • You may already have access via personal or institutional login
    • Select format
    • Publisher:
      Cambridge University Press
      Publication date:
      09 September 2022
      06 October 2022
      ISBN:
      9781009057707
      9781009060738
      Dimensions:
      Weight & Pages:
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.14kg, 84 Pages
    You may already have access via personal or institutional login
  • Selected: Digital
    Add to cart View cart Buy from Cambridge.org

    Book description

    Blockchains have become increasingly important for organizing contemporary economic and social activities. This Element offers a deeper understanding of blockchains to both management scholars and practitioners, with an emphasis on blockchains' strategic implications for fundamental issues in organizing. It provides a critical examination of the core themes, theoretical lenses, and methodologies used in blockchain research in business and management scholarship. Furthermore, it offers an in-depth discussion of why and how blockchains offer a new way of organizing, providing profound implications for three major issues of strategic organization: contracting, trust, and organizational design. It also discusses several limitations of the technology in its current stage of development. Finally, this Element points to the implication of blockchains on both scholarly research and business practice.

    Reviews

    'Blockchains fills a gap in the literature by providing a comprehensive treatment of blockchains as collaborative tools. Wang, Lumineau, and Schilke have helped to grant intellectual territory to blockchains. The book can be an authoritative resource for future research, particularly for social scientists who are interested in studying new digital technologies but who may be intimidated by their complexity.’

    Simone Santoni Source: Administrative Science Quarterly

    References

    Adhami, S., Giudici, G., & Martinazzi, S. (2018). Why do businesses go crypto? An empirical analysis of initial coin offerings. Journal of Economics and Business, 100, 6475.
    Ahluwalia, S., Mahto, R. V., & Guerrero, M. (2020). Blockchain technology and startup financing: A transaction cost economics perspective. Technological Forecasting and Social Change, 151, 119854.
    Akyildirim, E., Corbet, S., Cumming, D., Lucey, B., & Sensoy, A. (2020). Riding the wave of crypto-exuberance: The potential misusage of corporate blockchain announcements. Technological Forecasting and Social Change, 159, 120191.
    Alabi, K. (2017). Digital blockchain networks appear to be following Metcalfe’s Law. Electronic Commerce Research and Applications, 24, 23–9.
    Alexandre, A. (2018). New study says 80 percent of ICOs conducted in 2017 were scams. Cointelegraph. Accessed 17 June 2021. https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams.
    Allen, D. W., Berg, C., Markey-Towler, B., Novak, M., & Potts, J. (2020). Blockchain and the evolution of institutional technologies: Implications for innovation policy. Research Policy, 49(1), 103865.
    Angelis, J., & da Silva, E. R. (2019). Blockchain adoption: A value driver perspective. Business Horizons, 62(3), 307–14.
    Antonopoulos, A. M. (2014). Mastering Bitcoin: Unlocking Digital Cryptocurrencies. Sebastopol, CA: O’Reilly Media.
    Aratani, L. (2021). Electricity needed to mine Bitcoin is more than used by entire countries. The Guardian. Accessed 2 June 2021. www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-use-environmental-impact.
    Arrowsmith, R. (2021). EY and Microsoft expand Xbox blockchain smart contract platform. Accounting Today. Accessed 22 May 2021. www.accountingtoday.com/news/ey-and-microsoft-expand-xbox-blockchain-smart-contract-platform.
    Babich, V., & Hilary, G. (2020). OM Forum – Distributed ledgers and operations: What operations management researchers should know about blockchain technology. Manufacturing & Service Operations Management, 22(2), 223–40.
    Bahga, A., & Madisetti, V. K. (2016). Blockchain platform for industrial Internet of Things. Journal of Software Engineering and Applications, 9(10), 533–46.
    Bai, C., & Sarkis, J. (2020). A supply chain transparency and sustainability technology appraisal model for blockchain technology. International Journal of Production Research, 58(7), 2142–62.
    Bambrough, B. (2020). Massive hack exposes Bitcoin’s greatest weakness. Forbes. Accessed 21 June 2021. www.forbes.com/sites/billybambrough/2020/12/23/massive-hack-exposes-bitcoins-greatest-weakness/?sh=2f28b579da7d.
    Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99120.
    Barney, J. B., & Hansen, M. H. (1994). Trustworthiness as a source of competitive advantage. Strategic Management Journal, 15(8), 175–90.
    Beck, R., Müller-Bloch, C., & King, J. L. (2018). Governance in the blockchain economy: A framework and research agenda. Journal of the Association for Information Systems, 19(10), 1020–34.
    Bergin, T., & Layne, N. (2015). Special report: Cyber thieves exploit banks’ faith in SWIFT transfer network. Reuters. Accessed 2 June 2021. www.reuters.com/article/us-cyber-heist-swift-specialreport-idUSKCN0YB0DD.
    Bertino, E., Kundu, A., & Sura, Z. (2019). Data transparency with blockchain and AI ethics. Journal of Data and Information Quality, 11(4), 18.
    Bodkhe, U., Mehta, D., Tanwar, S. et al. (2020). A survey on decentralized consensus mechanisms for cyber physical systems. IEEE Access, 8, 54371–401.
    Bouri, E., Shahzad, S. J. H., & Roubaud, D. (2019). Co-explosivity in the cryptocurrency market. Finance Research Letters, 29, 178–83.
    Brink, S. (2021). How can blockchain support the energy transition? Shell. Accessed 21 June 2021. www.shell.com/energy-and-innovation/digitalisation/news-room/blockchain-building-trust-to-enable-the-energy-transition.html.
    Burns, J., Steele, A., Cohen, E. E., & Ramamoorti, S. (2020). Blockchain and internal control: A COSO perspective. COSO. Accessed 21 June 2021. www.aicpa.org/content/dam/aicpa/interestareas/informationtechnology/downloadabledocuments/blockchain-and-internal-control-the-coso-perspective.pdf.
    Buterin, V. (2014). A next-generation smart contract and decentralized application platform. Ethereum Whitepaper. Accessed 21 June 2021. https://blockchainlab.com/pdf/Ethereum_white_paper-a_next_generation_smart_contract_and_decentralized_application_platform-vitalik-buterin.pdf.
    Cai, Y. J., Choi, T. M., & Zhang, J. (2021). Platform supported supply chain operations in the blockchain era: Supply contracting and moral hazards. Decision Sciences, 52(4), 866–92.
    Cao, Z., Li, Y., Jayaram, J., Liu, Y., & Lumineau, F. (2018). A meta-analysis of the exchange hazards–interfirm governance relationship: An informal institutions perspective. Journal of International Business Studies, 49(3), 303–23.
    Cao, Z., & Lumineau, F. (2015). Revisiting the interplay between contractual and relational governance: A qualitative and meta-analytic investigation. Journal of Operations Management, 33–34, 1542.
    Carson, B., Romanelli, G., Walsh, P., & Zhumaev, A. (2018). Blockchain beyond the hype: What is the strategic business value? McKinsey & Company. Accessed 22 April 2022. www.caba.org/wp-content/uploads/2020/04/IS-2018-209.pdf.
    Casey, M. J., & Vigna, P. (2018). In blockchain we trust. MIT Technology Review, 121(3), 1016.
    Catalini, C., & Gans, J. S. (2016). Some simple economics of the blockchain. National Bureau of Economic Research. Accessed 21 June 2021. www.nber.org/papers/w22952.
    CBInsights. (2019). How blockchain could disrupt insurance. Accessed 21 June 2021. www.cbinsights.com/research/blockchain-insurance-disruption/.
    Cennamo, C., Marchesi, C., & Meyer, T. (2020). Two sides of the same coin? Decentralized versus proprietary blockchains and the performance of digital currencies. Academy of Management Discoveries, 6(3), 382405.
    Centobelli, P., Cerchione, R., Del Vecchio, P., Oropallo, E., & Secundo, G. (2021). Blockchain technology for bridging trust, traceability and transparency in circular supply chain. Information & Management, forthcoming. https://doi.org/10.1016/j.im.2021.103508.
    Chalmers, D., Matthews, R., & Hyslop, A. (2021). Blockchain as an external enabler of new venture ideas: Digital entrepreneurs and the disintermediation of the global music industry. Journal of Business Research, 125(5), 577–91.
    Chang, V., Baudier, P., Zhang, H. et al. (2020a). How blockchain can impact financial services: The overview, challenges and recommendations from expert interviewees. Technological Forecasting and Social Change, 158, 120166.
    Chang, Y., Iakovou, E., & Shi, W. (2020b). Blockchain in global supply chains and cross border trade: A critical synthesis of the state-of-the-art, challenges and opportunities. International Journal of Production Research, 58(7), 2082–99.
    Chen, H., Pendleton, M., Njilla, L., & Xu, S. (2020). A survey on Ethereum systems security: Vulnerabilities, attacks, and defenses. ACM Computing Surveys, 53(3), Article 67. https://doi.org/10.1145/3391195.
    Chen, Y. (2018). Blockchain tokens and the potential democratization of entrepreneurship and innovation. Business Horizons, 61(4), 567–75.
    Chen, Y., Pereira, I., & Patel, P. C. (2021). Decentralized governance of digital platforms. Journal of Management, 47(5), 1305–37.
    Cheng, S. F., De Franco, G., Jiang, H., & Lin, P. (2019). Riding the blockchain mania: Public firms’ speculative 8-K disclosures. Management Science, 65(12), 5901–13.
    Chod, J., Trichakis, N., Tsoukalas, G., Aspegren, H., & Weber, M. (2020). On the financing benefits of supply chain transparency and blockchain adoption. Management Science, 66(10), 4378–96.
    Clemons, E. K., Reddi, S. P., & Row, M. C. (1993). The impact of information technology on the organization of economic activity: The ‘move to the middle’ hypothesis. Journal of Management Information Systems, 10(2), 935.
    Clohessy, T., & Acton, T. (2019). Investigating the influence of organizational factors on blockchain adoption: An innovation theory perspective. Industrial Management & Data Systems, 119(7), 1457–91.
    Cole, R., Stevenson, M., & Aitken, J. (2019). Blockchain technology: Implications for operations and supply chain management. Supply Chain Management: An International Journal, 24(4), 469–83.
    Cong, L. W., & He, Z. (2019). Blockchain disruption and smart contracts. Review of Financial Studies, 32(5), 1754–97.
    Criddle, C. (2021). Bitcoin consumes ‘more electricity than Argentina’. BBC News. Accessed 2 June 2021. www.bbc.com/news/technology-56012952.
    Damsgaard, J., & Lyytinen, K. (1998). Contours of diffusion of electronic data interchange in Finland: Overcoming technological barriers and collaborating to make it happen. Journal of Strategic Information Systems, 7(4), 275–97.
    Das, T. K., & Teng, B. S. (1998). Between trust and control: Developing confidence in partner cooperation in alliances. Academy of Management Review, 23(3), 491512.
    Davidson, S., De Filippi, P., & Potts, J. (2018). Blockchains and the economic institutions of capitalism. Journal of Institutional Economics, 14(4), 639–58.
    De Filippi, P., Mannan, M., & Reijers, W. (2020). Blockchain as a confidence machine: The problem of trust & challenges of governance. Technology in Society, 62, 101284.
    De Filippi, P., & Wright, A. (2018). Blockchain and the Law: The Rule of Code. Cambridge, MA: Harvard University Press.
    De Villiers, C., Kuruppu, S., & Dissanayake, D. (2021). A (new) role for business: Promoting the United Nations’ Sustainable Development Goals through the internet-of-things and blockchain technology. Journal of Business Research, 131, 598609.
    Dierksmeier, C., & Seele, P. (2018). Cryptocurrencies and business ethics. Journal of Business Ethics, 152(1), 114.
    Dierksmeier, C., & Seele, P. (2020). Blockchain and business ethics. Business Ethics: A European Review, 29(2), 348–59.
    Du, W. D., Pan, S. L., Leidner, D. E., & Ying, W. (2019). Affordances, experimentation and actualization of FinTech: A blockchain implementation study. Journal of Strategic Information Systems, 28(1), 5065.
    Duncan, S. (2019). Privacy on public blockchains: EY clients and the blockchain curious must leverage this ‘best of both worlds’ breakthrough. EY. Accessed 30 April 2021. https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/generic/ey-2019-hfs-report-privacy-on-public-blockchains.pdf.
    DuPont, Q. (2017). Experiments in algorithmic governance: A history and ethnography of ‘The DAO’, a failed decentralized autonomous organization, in Campbell-Verduyn, M. (ed.), Bitcoin and Beyond. New York: Routledge, 157–77.
    Durovic, M., & Janssen, A. (2019). Formation of smart contracts under contract law. in DiMatteo, L., Cannarsa, M., & Poncibo, C. (eds.), The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms (Cambridge Law Handbooks). Cambridge: Cambridge University Press, 6179.
    Emmelhainz, M. A. (1988). Strategic issues of EDI implementation. Journal of Business Logistics, 9(2), 5570.
    Ennis, M. (2021). NFT art: The bizarre world where burning a Banksy can make it more valuable. The Conversation. Accessed 18 June 2021. https://theconversation.com/nft-art-the-bizarre-world-where-burning-a-banksy-can-make-it-more-valuable-156605#:~:text=A%20blockchain%20company%20has%20bought,from%20a%20New%20York%20gallery.
    Ethereum. (2021). Proof-of-stake (POS). Accessed 17 June 2021. https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/.
    EY. (2020). Seize the day: Public blockchain is on the horizon. Accessed 2 June 2021. https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/blockchain/ey-public-blockchain-opportunity-snapshot.pdf.
    Fanning, K., & Centers, D. P. (2016). Blockchain and its coming impact on financial services. Journal of Corporate Accounting & Finance, 27(5), 53–7.
    Felin, T., & Lakhani, K. (2018). What problems will you solve with blockchain? MIT Sloan Management Review, 60(1), 32–8.
    Fernandez-Carames, T. M., & Fraga-Lamas, P. (2020). Towards post-quantum blockchain: A review on blockchain cryptography resistant to quantum computing attacks. IEEE Access, 8, 21091–116.
    Fiaidhi, J., Mohammed, S., & Mohammed, S. (2018). EDI with blockchain as an enabler for extreme automation. IT Professional, 20(4), 6672.
    Fisch, C., & Momtaz, P. P. (2020). Institutional investors and post-ICO performance: An empirical analysis of investor returns in initial coin offerings (ICOs). Journal of Corporate Finance, 64, 101679.
    Forde, E. (2021). Cash ‘gifts’ and strong-arm tactics: Music’s problem with NFTs. The Guardian. Accessed 30 July 2022.www.theguardian.com/music/2021/apr/07/cash-gifts-and-strong-arm-tactics-musics-problem-with-nfts.
    Fortino, G., Messina, F., Rosaci, D., & Sarné, G. M. (2020). Using blockchain in a reputation-based model for grouping agents in the Internet of Things. IEEE Transactions on Engineering Management, 67(4), 1231–43.
    Fry, J., & Cheah, E. T. (2016). Negative bubbles and shocks in cryptocurrency markets. International Review of Financial Analysis, 47, 343–52.
    Fulmer, C. A., & Gelfand, M. J. (2012). At what level (and in whom) we trust: Trust across multiple organizational levels. Journal of Management, 38(4), 1167–230.
    Gambetta, D. (2009). Signaling, in Hedström, P., & Bearman, P. (eds.), The Oxford Handbook of Analytical Sociology. New York: Oxford University Press, 168–94.
    Garay, J., Kiayias, A., & Leonardos, N. (2015). The Bitcoin backbone protocol: Analysis and applications, in Oswald, E., & Fischlin, M. (eds.), Advances in Cryptology – EUROCRYPT 2015. Berlin: Springer, 281310.
    Garg, P., Gupta, B., Chauhan, A. K. et al. (2021). Measuring the perceived benefits of implementing blockchain technology in the banking sector. Technological Forecasting and Social Change, 163, 120407.
    Gaszcz, C. (2019). Hyundai division is developing a blockchain platform to track history of used cars. Yahoo. Accessed 23 April 2022. www.yahoo.com/video/hyundai-division-developing-blockchain-platform-105745154.html.
    Gillespie, N., & Dietz, G. (2009). Trust repair after an organization-level failure. Academy of Management Review, 34(1), 127–45.
    Giudici, G., & Adhami, S. (2019). The impact of governance signals on ICO fundraising success. Journal of Industrial and Business Economics, 46(2), 283312.
    Gleim, M. R., & Stevens, J. L. (2021). Blockchain: A game changer for marketers? Marketing Letters, 32(1), 123–8.
    Glikson, E., & Woolley, A. W. (2020). Human trust in artificial intelligence: Review of empirical research. Academy of Management Annals, 14(2), 627–60.
    Goldsby, C., & Hanisch, M. (2022). The boon and bane of blockchain: Getting the governance right. California Management Review, 64(3), 141–68.
    Gulati, R., Wohlgezogen, F., & Zhelyazkov, P. (2012). The two facets of collaboration: Cooperation and coordination in strategic alliances. Academy of Management Annals, 6(1), 531–83.
    Halaburda, H. (2018). Blockchain revolution without the blockchain? Communications of the ACM, 61(7), 27–9.
    Halaburda, H., Haeringer, G., Gans, J. S., & Gandal, N. (2020). The microeconomics of cryptocurrencies. National Bureau of Economic Research. Accessed 30 July 2022. www.nber.org/system/files/working_papers/w27477/w27477.pdf.
    Halaburda, H., & Mueller-Bloch, C. (2020). Toward a multidimensional conceptualization of decentralization in blockchain governance: Commentary on ‘two sides of the same coin? Decentralized versus proprietary blockchains and the performance of digital currencies’ by Cennamo, Marchesi, & Meyer. Academy of Management Discoveries, 6(4), 712–14.
    Hanisch, M., Theodosiadis, V., & Teixeira, F. (2022). Digital governance: How blockchain technologies revolutionize the governance of interorganizational relationships, in Baalmans, S., Broekhuizen, T., & Fabian, N. (eds.), Digital Transformation. Groningen: University of Groningen Press, forthcoming. https://research.rug.nl/en/publications/digital-governance-how-blockchain-technologies-revolutionize-the-.
    Hasan, M. R., Shiming, D., Islam, M. A., & Hossain, M. Z. (2020). Operational efficiency effects of blockchain technology implementation in firms. Review of International Business and Strategy, 30(2), 163–81.
    Hertig, A. (2020). What is an oracle? CoinDesk. Accessed 22 May 2021. www.coindesk.com/what-is-an-oracle.
    Hojckova, K., Ahlborg, H., Morrison, G. M., & Sandén, B. (2020). Entrepreneurial use of context for technological system creation and expansion: The case of blockchain-based peer-to-peer electricity trading. Research Policy, 49(8), 104046.
    Hooper, A., & Holtbrügge, D. (2020). Blockchain technology in international business: Changing the agenda for global governance. Review of International Business and Strategy, 30(2), 183200.
    Hsieh, Y. Y., Vergne, J. P., Anderson, P., Lakhani, K., & Reitzig, M. (2018). Bitcoin and the rise of decentralized autonomous organizations. Journal of Organization Design, 7, 14. https://doi.org/10.1186/s41469-018-0038-1.
    Hsieh, Y. Y., Vergne, J. P., & Wang, S. (2017). The internal and external governance of blockchain-based organizations, in Campbell-Verduyn, M. (ed.), Bitcoin and Beyond. New York: Routledge, 4868.
    Huang, L., Röck, D., Murray, A., & Hofmann, E. (2020). modum.io: Funding a Blockchain-Based Start-Up’s Supply Chain Solution. Boston, MA: Harvard Business School.
    Huang, R. (2019). UN pilot in Mongolia uses blockchain to help farmers deliver sustainable cashmere. Forbes. Accessed 11 May 2021. www.forbes.com/sites/rogerhuang/2019/12/28/un-pilot-in-mongolia-uses-blockchain-to-help-farmers-deliver-sustainable-cashmere/?sh=70e0262517d9.
    IBM. (2020). Blockchain and the unbanked: Changes coming to global finance. Accessed 18 June 2021. www.ibm.com/blogs/blockchain/2020/03/blockchain-and-the-unbanked-changes-coming-to-global-finance/.
    IBM. (2021). Building trust and transparency in insurance policies with blockchain. Accessed 22 May 2021. https://mediacenter.ibm.com/id/1_ovxiynn1.
    Iftody, E. (2019). What’s the difference between Crowdfunding, ICO’s, IEO’s and STO’s? Medium. Accessed 21 June 2021. https://medium.com/swlh/whats-the-difference-between-crowdfunding-ico-s-ieo-s-and-sto-s-d4059f6b24ed.
    Jain, A., & Jain, C. (2019). Blockchain hysteria: Adding ‘blockchain’ to company’s name. Economics Letters, 181, 178–81.
    Jaoude, J., & Saade, R. G. (2019). Blockchain applications – Usage in different domains. IEEE Access, 7, 45360–81.
    Jazdi, N. (2014). Cyber physical systems in the context of Industry 4.0, in Miclea, L., & Stoian, I. (eds.), 2014 IEEE International Conference on Automation, Quality and Testing, Robotics. Cluj-Napoca: IEEE, 14. https://doi.org/10.1109/AQTR.2014.6857843.
    Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–60.
    Kamble, S., Gunasekaran, A., & Arha, H. (2019). Understanding the blockchain technology adoption in supply chains-Indian context. International Journal of Production Research, 57(7), 2009–33.
    Khanna, T., Gulati, R., & Nohria, N. (1998). The dynamics of learning alliances: Competition, cooperation, and relative scope. Strategic Management Journal, 19(3), 193210.
    Kiktenko, E. O., Pozhar, N. O., Anufriev, M. N. et al. (2018). Quantum-secured blockchain. Quantum Science and Technology, 3(3), 035004.
    Kim, S. K., & Huh, J. H. (2020). Blockchain of carbon trading for UN sustainable development goals. Sustainability, 12(10), 4021.
    Knill, E. (2010). Quantum computing. Nature, 463, 441–3.
    Koufaris, M., & Hampton-Sosa, W. (2004). The development of initial trust in an online company by new customers. Information & Management, 41(3), 377–97.
    Kurpjuweit, S., Schmidt, C. G., Klöckner, M., & Wagner, S. M. (2021). Blockchain in additive manufacturing and its impact on supply chains. Journal of Business Logistics, 42(1), 4670.
    Lacity, M., & van Hoek, R. (2021a). Requiem for reconciliations: DL Freight, a blockchain-enabled solution by Walmart Canada and DLT Labs. Blockchain Center of Excellence. Accessed 2 June 2021. https://blockchain.uark.edu/new-bcoe-white-paper-on-walmart-canada-dlt-labs/.
    Lacity, M., & van Hoek, R. (2021b). What we’ve learned so far about blockchain for business. MIT Sloan Management Review, 62(3), 4854.
    Lacity, M. C. (2020). Blockchain Foundations: For the Internet of Value. Arkansas: Epic Books.
    Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and challenges. Business Horizons, 61(1), 3546.
    Leising, M. (2017). The $55M hack that almost brought Ethereum down. CoinDesk. Accessed 17 June 2021. www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/.
    Leonard, J. (2019). For blockchain it’s time to face up to governance and regulation. Computing. Accessed 18 June 2021. www.computing.co.uk/analysis/3076512/for-blockchain-its-time-to-face-up-to-governance-and-regulation.
    Lewis, J. D., & Weigert, A. (1985). Trust as a social reality. Social Forces, 63(4), 967–85.
    Li, J. J., Poppo, L., & Zhou, K. Z. (2010). Relational mechanisms, formal contracts, and local knowledge acquisition by international subsidiaries. Strategic Management Journal, 31(4), 349–70.
    Liang, T. P., Kohli, R., Huang, H. C., & Li, Z. L. (2021). What drives the adoption of the blockchain technology? A fit-viability perspective. Journal of Management Information Systems, 38(2), 314–37.
    Liu, Y., & Tsyvinski, A. (2021). Risks and returns of cryptocurrency. Review of Financial Studies, 34(6), 2689–727.
    Liu, Z., & Li, Z. (2020). A blockchain-based framework of cross-border e-commerce supply chain. International Journal of Information Management, 52, 102059.
    Long, C. P., & Sitkin, S. B. (2018). Control–trust dynamics in organizations: Identifying shared perspectives and charting conceptual fault lines. Academy of Management Annals, 12(2), 725–51.
    Long, C. P., & Weibel, A. (2018). Two sides of an important coin: Outlining the general parameters of control-trust research, in Searle, R., Nienaber, A. M., & Sitkin, S. B. (eds.), The Routledge Companion to Trust. New York: Routledge, 506–21.
    Luhmann, N. (1979). Trust and Power. Chichester: Wiley.
    Lumineau, F., & Malhotra, D. (2011). Shadow of the contract: How contract structure shapes inter-firm dispute resolution. Strategic Management Journal, 32(5), 532–55.
    Lumineau, F., Wang, W., & Schilke, O. (2021a). Blockchain governance – A new way of organizing collaborations? Organization Science, 32(2), 500–21.
    Lumineau, F., Wang, W., & Schilke, O. (2021b). Blockchains can change the way we collaborate. LSE Business Review. Accessed 30 July 2022. https://blogs.lse.ac.uk/businessreview/2021/01/14/blockchains-can-change-the-way-we-collaborate/.
    Lumineau, F., Wang, W., Schilke, O., & Huang, L. (2021c). How blockchain can simplify partnerships. Harvard Business Review. Accessed 30 July 2022. https://hbr.org/2021/04/how-blockchain-can-simplify-partnerships.
    Macneil, I. R. (1978). Contracts: Adjustment of long-term economic relations under classical, neoclassical, and relational contract law. Northwestern University Law Review, 72, 854902.
    Makarov, I., & Schoar, A. (2020). Trading and arbitrage in cryptocurrency markets. Journal of Financial Economics, 135(2), 293319.
    Malhotra, A., O’Neill, H., & Stowell, P. (2022). Thinking strategically about blockchain adoption and risk mitigation. Business Horizons, 65(2), 159–71.
    Malhotra, D., & Lumineau, F. (2011). Trust and collaboration in the aftermath of conflict: The effects of contract structure. Academy of Management Journal, 54(5), 981–98.
    Mani, K. (2019). Will blockchain replace EDI? Yes and no. Forbes. Accessed 22 April 2022. www.forbes.com/sites/forbestechcouncil/2019/04/03/will-blockchain-replace-edi-yes-and-no/?sh=55ef370347d7.
    Mattke, J., Hund, A., Maier, C., & Weitzel, T. (2019). How an enterprise blockchain application in the US pharmaceuticals supply chain is saving lives. MIS Quarterly Executive, 18(4), 245–61.
    Matzutt, R., Hiller, J., Henze, M. et al. (2018). A quantitative analysis of the impact of arbitrary blockchain content on Bitcoin, in Meiklejohn, S., & Sako, K. (eds.), Financial Cryptography and Data Security. Berlin: Springer, 420–38.
    Mayer, K. J., & Argyres, N. S. (2004). Learning to contract: Evidence from the personal computer industry. Organization Science, 15(4), 394410.
    Mayer, R. C., Davis, J. H., & Schoorman, F. D. (1995). An integrative model of organizational trust. Academy of Management Review, 20(3), 709–34.
    McKnight, D. H., Carter, M., Thatcher, J. B., & Clay, P. F. (2011). Trust in a specific technology: An investigation of its components and measures. ACM Transactions on Management Information Systems, 2(2), 125.
    Mohan, V. (2019). On the use of blockchain-based mechanisms to tackle academic misconduct. Research Policy, 48(9), 103805.
    Montecchi, M., Plangger, K., & Etter, M. (2019). It’s real, trust me! Establishing supply chain provenance using blockchain. Business Horizons, 62(3), 283–93.
    Murray, A., Kuban, S., Josefy, M., & Anderson, J. (2021a). Contracting in the smart era: The implications of blockchain and decentralized autonomous organizations for contracting and corporate governance. Academy of Management Perspectives, 35(4), 622–41.
    Murray, A., Rhymer, J., & Sirmon, D. G. (2021b). Humans and technology: Forms of conjoined agency in organizations. Academy of Management Review, 46(3), 552–71.
    Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. Bitcoin.org. Accessed 18 June 2021. https://bitcoin.org/bitcoin.pdf.
    Nandi, M. L., Nandi, S., Moya, H., & Kaynak, H. (2020). Blockchain technology-enabled supply chain systems and supply chain performance: A resource-based view. Supply Chain Management: An International Journal, 25(6), 841–62.
    Nandi, S., Sarkis, J., Hervani, A., & Helms, M. (2021). Do blockchain and circular economy practices improve post COVID-19 supply chains? A resource-based and resource dependence perspective. Industrial Management & Data Systems, 121(2), 333–63.
    Narayanan, A., & Clark, J. (2017). Bitcoin’s academic pedigree. Communications of the ACM, 60(12), 3645.
    Nayak, N., & Nguyen, D. T. (2018). Blockchain, AI and robotics: How future tech will simplify federal procurement. Federal Times. Accessed 21 June 2021. www.federaltimes.com/acquisition/2018/03/23/blockchain-ai-and-robotics-how-future-tech-will-simplify-federal-procurement/.
    Times, New York. (2021). Dealbook newsletter: When doing well means doing good. Accessed 21 June 2021. www.nytimes.com/2021/03/15/business/dealbook/sec-esg-priority.html.
    Niranjanamurthy, M., Nithya, B. N., & Jagannatha, S. (2019). Analysis of blockchain technology: Pros, cons and SWOT. Cluster Computing, 22(6), 14743–57.
    Okhuysen, G. A., & Bechky, B. A. (2009). Coordination in organizations: An integrative perspective. Academy of Management Annals, 3(1), 463502.
    Oprunenco, A., & Akmeemana, C. (2018). Using blockchain to make land registry more reliable in India. LSE Business Review. Accessed 30 July 2022. https://blogs.lse.ac.uk/businessreview/2018/04/13/using-blockchain-to-make-land-registry-more-reliable-in-india/.
    Oxley, J. E. (1999). Institutional environment and the mechanisms of governance: The impact of intellectual property protection on the structure of inter-firm alliances. Journal of Economic Behavior & Organization, 38(3), 283309.
    Palmer, D. (2016). 7 cool decentralized apps being built on Ethereum. CoinDesk. Accessed 21 June 2021. www.coindesk.com/7-cool-decentralized-apps-built-ethereum.
    Park, G., Shin, S. R., & Choy, M. (2020). Early mover (dis) advantages and knowledge spillover effects on blockchain startups’ funding and innovation performance. Journal of Business Research, 109, 6475.
    Parkhe, A. (1993). Strategic alliance structuring: A game theoretic and transaction cost examination of interfirm cooperation. Academy of Management Journal, 36(4), 794829.
    Parmigiani, A., & Rivera-Santos, M. (2015). Sourcing for the base of the pyramid: Constructing supply chains to address voids in subsistence markets. Journal of Operations Management, 3334, 6070.
    Pazaitis, A., De Filippi, P., & Kostakis, V. (2017). Blockchain and value systems in the sharing economy: The illustrative case of Backfeed. Technological Forecasting and Social Change, 125, 105–15.
    Pennington, R., Wilcox, H. D., & Grover, V. (2003). The role of system trust in business-to-consumer transactions. Journal of Management Information Systems, 20(3), 197226.
    Pereira, J., Tavalaei, M. M., & Ozalp, H. (2019). Blockchain-based platforms: Decentralized infrastructures and its boundary conditions. Technological Forecasting and Social Change, 146, 94102.
    Pinkham, B. C., & Peng, M. W. (2017). Overcoming institutional voids via arbitration. Journal of International Business Studies, 48(3), 344–59.
    Poole, J. (2016). Textbook on Contract Law. New York: Oxford University Press.
    Poppo, L., & Zenger, T. (2002). Do formal contracts and relational governance function as substitutes or complements? Strategic Management Journal, 23(8), 707–25.
    Puranam, P. (2018). The Microstructure of Organizations. Oxford: Oxford University Press.
    Puranam, P., Alexy, O., & Reitzig, M. (2014). What’s ‘new’ about new forms of organizing? Academy of Management Review, 39(2), 162–80.
    PwC. (2020). PwC’s global blockchain survey. Accessed 2 June 2021. www.pwc.com/gx/en/industries/technology/blockchain/blockchain-in-business.html.
    Reuer, J. J., & Ariño, A. (2007). Strategic alliance contracts: Dimensions and determinants of contractual complexity. Strategic Management Journal, 28(3), 313–30.
    Roels, G., & Tang, C. S. (2017). Win-win capacity allocation contracts in coproduction and codistribution alliances. Management Science, 63(3), 861–81.
    Ryall, M. D., & Sampson, R. C. (2009). Formal contracts in the presence of relational enforcement mechanisms: Evidence from technology development projects. Management Science, 55(6), 906–25.
    Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), 2117–35.
    Salah, K., Rehman, M. H. U., Nizamuddin, N., & Al-Fuqaha, A. (2019). Blockchain for AI: Review and open research challenges. IEEE Access, 7, 10127–49.
    Sampson, R. C. (2007). R&D alliances and firm performance: The impact of technological diversity and alliance organization on innovation. Academy of Management Journal, 50(2), 364–86.
    Santos, F. M., & Eisenhardt, K. M. (2005). Organizational boundaries and theories of organization. Organization Science, 16(5), 491508.
    Schallbruch, M., & Skierka, I. (2018). Requirements for a German ‘blockchain strategy’. Digital Society Institute Berlin. Accessed 22 April 2022. https://faculty-research.esmt.berlin/sites/faculty/files/2019-03/dsi-ipr_2018-3_en-de.pdf.
    Schepker, D. J., Oh, W. Y., Martynov, A., & Poppo, L. (2014). The many futures of contracts: Moving beyond structure and safeguarding to coordination and adaptation. Journal of Management, 40(1), 193225.
    Schilke, O., & Cook, K. S. (2013). A cross-level process theory of trust development in interorganizational relationships. Strategic Organization, 11(3), 281303.
    Schilke, O., & Cook, K. S. (2015). Sources of alliance partner trustworthiness: Integrating calculative and relational perspectives. Strategic Management Journal, 36(2), 276–97.
    Schilke, O., & Goerzen, A. (2010). Alliance management capability: An investigation of the construct and its measurement. Journal of Management, 36(5), 1192–219.
    Schilke, O., & Lumineau, F. (2018). The double-edged effect of contracts on alliance performance. Journal of Management, 44(7), 2827–58.
    Schilke, O., Reimann, M., & Cook, K. S. (2021). Trust in social relations. Annual Review of Sociology, 47, 239–59. https://doi.org/10.1146/annurev-soc-082120-082850.
    Schilke, O., Wiedenfels, G., Brettel, M., & Zucker, L. G. (2017). Interorganizational trust production contingent on product and performance uncertainty. Socio-Economic Review, 15(2), 307–30.
    Schmeiss, J., Hoelzle, K., & Tech, R. P. G. (2019). Designing governance mechanisms in platform ecosystems: Addressing the paradox of openness through blockchain technology. California Management Review, 62, 121–43.
    Schmidt, C. G., & Wagner, S. M. (2019). Blockchain and supply chain relations: A transaction cost theory perspective. Journal of Purchasing and Supply Management, 25(4), 100552.
    Schwab, K. (2017). The Fourth Industrial Revolution. New York: Penguin Random House.
    Selznick, P. (1957). Leadership in Administration: A Sociological Interpretation. Berkeley, CA: University of California Press.
    Segal, E. (2021). What will the next decade bring? Here are 20 predictions from trend forecasters. The Guardian. Accessed 21 June 2021. www.theguardian.com/commentisfree/2021/feb/15/2020s-trend-predictions-forecasters-working-from-home-ai-climate.
    Shackelford, S. J., & Myers, S. (2017). Block-by-block: Leveraging the power of blockchain technology to build trust and promote cyber peace. Yale Journal of Law and Technology, 19(1), 334–88.
    Sharma, P., Paul, S., & Sharma, S. (2020). What’s in a name? A lot if it has ‘blockchain’. Economics Letters, 186, 108818.
    Simon, H. A. (1957). Models of Man: Social and Rational. New York: Wiley.
    Smith, A. (1776). The Wealth of Nations. New York: Alfred A. Knopf.
    Spence, M. (1973). Job market signaling. Quarterly Journal of Economics, 87(3), 355–74.
    Standard Chartered. (2019). We’ve completed our first cross-border Letter of Credit blockchain transaction in the oil industry with PTT Group. Accessed 2 June 2021. www.sc.com/en/media/press-release/weve-completed-our-first-cross-border-letter-of-credit-blockchain-transaction-in-the-oil-industry-with-ptt-group/.
    Statista. (2021). Cryptocurrency projects: Funds raised worldwide by industry 2019. Accessed 12 May 2021. www.statista.com/statistics/802925/worldwide-amount-crytocurrency-ico-projects-by-industry/.
    Sternberg, H. S., Hofmann, E., & Roeck, D. (2021). The struggle is real: Insights from a supply chain blockchain case. Journal of Business Logistics, 42(1), 7187.
    Sulkowski, A. (2018). Blockchain, business supply chains, sustainability, and law: The future of governance, legal frameworks, and lawyers. Delaware Journal of Corporate Law, 43(2), 303–45.
    Sundarakani, B., Ajaykumar, A., & Gunasekaran, A. (2021). Big data driven supply chain design and applications for blockchain: An action research using case study approach. Omega, 102, 102452.
    Swanson, T. (2020). Blockchain: Enigma, paradox, opportunity. Deloitte. Accessed 21 June 2021. www2.deloitte.com/content/dam/Deloitte/uk/Documents/Innovation/deloitte-uk-blockchain-key-challenges.pdf.
    Szabo, N. (1997). Smart contracts: Formalizing and securing relationships on public networks. First Monday, 2(9). https://doi.org/10.5210/fm.v2i9.548.
    Tanwar, S., Parekh, K., & Evans, R. (2020). Blockchain-based electronic healthcare record system for healthcare 4.0 applications. Journal of Information Security and Applications, 50, 102407.
    Economist, The. (2015). The promise of the blockchain: The trust machine. Accessed 30 July 2022. www.economist.com/leaders/2015/10/31/the-trust-machine
    Torres, de Oliveira, Indulska, R., M., & Zalan, T. (2020). Guest editorial: Blockchain and the multinational enterprise: Progress, challenges and future research avenues. Review of International Business and Strategy, 30(2), 145–61.
    Trabucchi, D., Moretto, A., Buganza, T., & MacCormack, A. (2020). Disrupting the disruptors or enhancing them? How blockchain reshapes two‐sided platforms. Journal of Product Innovation Management, 37(6), 552–74.
    Treiblmaier, H. (2018). The impact of the blockchain on the supply chain: A theory-based research framework and a call for action. Supply Chain Management: An International Journal, 23(6), 545–59.
    Tsolakis, N., Niedenzu, D., Simonetto, M., Dora, M., & Kumar, M. (2021). Supply network design to address United Nations Sustainable Development Goals: A case study of blockchain implementation in Thai fish industry. Journal of Business Research, 131, 495519.
    U.S. Department of Justice. (2021). Department of Justice seizes $2.3 million in cryptocurrency paid to the ransomware extortionists darkside. Accessed 18 June 2021. www.justice.gov/opa/pr/department-justice-seizes-23-million-cryptocurrency-paid-ransomware-extortionists-darkside.
    van der Scheer, W. (2018). How blockchain leads to new organizational structures. Xebia. Accessed 18 June 2021. https://articles.xebia.com/how-blockchain-leads-to-new-organizational-structures.
    van Hoek, R. (2019). Exploring blockchain implementation in the supply chain. International Journal of Operations & Production Management, 39(6), 829–59.
    van Pelt, R. V., Jansen, S., Baars, D., & Overbeek, S. (2021). Defining blockchain governance: A framework for analysis and comparison. Information Systems Management, 38(1), 2141.
    Vergne, J. P. (2020). Decentralized vs. distributed organization: Blockchain, machine learning and the future of the digital platform. Organization Theory, 1(4), 126. https://doi.org/10.1177/2631787720977052.
    Vigliotti, M. G., & Jones, H. (2020). The Executive Guide to Blockchain. Cham: Palgrave Macmillan.
    Volberda, H. W. (1996). Toward the flexible form: How to remain vital in hypercompetitive environments. Organization Science, 7(4), 359–74.
    Wang, S., & Vergne, J. P. (2017). Buzz factor or innovation potential: What explains cryptocurrencies’ returns? PLoS One, 12(1), e0169556. https://doi.org/10.1371/journal.pone.0169556.
    Wang, W., Hoang, D. T., Hu, P. et al. (2019). A survey on consensus mechanisms and mining strategy management in blockchain networks. IEEE Access, 7, 22328–70.
    Werbach, K. (2018). The Blockchain and the New Architecture of Trust. Cambridge, MA: MIT Press.
    Williamson, O. E. (1975). Market and Hierarchies: Antitrust Implications. New York: Free Press.
    Williamson, O. E. (1985). The Economic Institutions of Capitalism. New York: Free Press.
    Williamson, O. E. (1996). The Mechanisms of Governance. New York: Oxford University Press.
    Wood, D. J., & Gray, B. (1991). Toward a comprehensive theory of collaboration. The Journal of Applied Behavioral Science, 27(2), 139–62.
    Xia, Q. I., Sifah, E. B., Asamoah, K. O. et al. (2017). MeDShare: Trust-less medical data sharing among cloud service providers via blockchain. IEEE Access, 5, 14757–67.
    Xu, J., Wang, S., Bhargava, B. K., & Yang, F. (2019). A blockchain-enabled trustless crowd-intelligence ecosystem on mobile edge computing. IEEE Transactions on Industrial Informatics, 15(6), 3538–47.
    Yang, C. S. (2019). Maritime shipping digitalization: Blockchain-based technology applications, future improvements, and intention to use. Transportation Research Part E: Logistics and Transportation Review, 131, 108–17.
    Yin, H. H. S., Langenheldt, K., Harlev, M., Mukkamala, R. R., & Vatrapu, R. (2019). Regulating cryptocurrencies: A supervised machine learning approach to de-anonymizing the bitcoin blockchain. Journal of Management Information Systems, 36(1), 3773.
    Yoon, J., Talluri, S., Yildiz, H., & Sheu, C. (2020). The value of blockchain technology implementation in international trades under demand volatility risk. International Journal of Production Research, 58(7), 2163–83.
    Yu, Y., Huang, G., & Guo, X. (2021). Financing strategy analysis for a multi-sided platform with blockchain technology. International Journal of Production Research, 59(15), 4513–32.
    Yuthas, K., Sarason, Y., & Aziz, A. (2021). Strategic value creation through enterprise blockchain. Journal of the British Blockchain Association, 4(1). https://doi.org/10.31585/jbba-4-1-(7)2021.
    Zalan, T. (2018). Born global on blockchain. Review of International Business and Strategy, 28(1), 1934.
    Zand, D. E. (1972). Trust and managerial problem solving. Administrative Science Quarterly, 17(2), 229–39.
    Zavolokina, L., Ziolkowski, R., Bauer, I., & Schwabe, G. (2020). Management, governance and value creation in a blockchain consortium. MIS Quarterly Executive, 19(1), 117.
    Zhao, X., Ai, P., Lai, F., Luo, X., & Benitez, J. (2022). Task management in decentralized autonomous organization. Journal of Operations Management, forthcoming. https://doi.org/10.1002/joom.1179.
    Zhou, K. Z., & Poppo, L. (2010). Exchange hazards, relational reliability, and contracts in China: The contingent role of legal enforceability. Journal of International Business Studies, 41(5), 861–81.
    Zhou, K. Z., & Xu, D. (2012). How foreign firms curtail local supplier opportunism in China: Detailed contracts, centralized control, and relational governance. Journal of International Business Studies, 43(7), 677–92.
    Ziolkowski, R., Miscione, G., & Schwabe, G. (2020). Decision problems in blockchain governance: Old wine in new bottles or walking in someone else’s shoes? Journal of Management Information Systems, 37(2), 316–48.
    Zucker, L. G. (1986). Production of trust: Institutional sources of economic structure, 1840 to 1920, in Cummings, L. L., & Staw, M. (eds.), Research in Organizational Behavior, vol. 8. Greenwich, CT: JAI Press, 53112.

    Metrics

    Altmetric attention score

    Full text views

    Total number of HTML views: 0
    Total number of PDF views: 0 *
    Loading metrics...

    Book summary page views

    Total views: 0 *
    Loading metrics...

    * Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

    Usage data cannot currently be displayed.

    Accessibility standard: Unknown

    Why this information is here

    This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.

    Accessibility Information

    Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.