scholarly journals BLOCKCHAIN AND THE DECENTRALISATION OF THE CYBERSECURITY INDUSTRY

10.6036/10188 ◽  
2021 ◽  
Vol 96 (3) ◽  
pp. 239-239
Author(s):  
OSCAR LAGE SERRANO ◽  
MARIA SAIZ SANTOS
Keyword(s):  
Business Models ◽  
Technology Innovation ◽  
Direct Consequence ◽  
Disruptive Technology ◽  
Technology Strategy ◽  
Blockchain Technology ◽  
Potential Impact

This paper aims to analyse the potential impact that blockchain technology will have on the cybersecurity industry. We will look at different applications of blockchain technology in the field of cybersecurity, as well as a new trend of decentralisation of cybersecurity services. Blockchain is precisely a cybersecurity architecture that enables the decentralisation of processes and business models, which could have a direct consequence on cybersecurity services, as well as on the industry itself. Cybersecurity companies will have to adapt to a new ecosystem in which the blockchain technology will enable crowdsourcing of cybersecurity services. Keywords: Blockchain, Cybersecurity, Disruptive Technology, Technology Innovation, Technology Strategy

Do you have a naïve forecasting model of the future?

2020 ◽  
Vol 38 (4) ◽  
pp. 267-269
Author(s):  
Larry Wofford ◽  
David Wyman ◽  
Christopher W. Starr
Keyword(s):  
Systems Theory ◽  
Industry 4.0 ◽  
Business Models ◽  
Technology Innovation ◽  
Business Environment ◽  
Disruptive Innovation ◽  
Commercial Real Estate ◽  
Disruptive Technology ◽  
Content Type ◽  
The Impact

PurposeThis paper addresses the increasingly rapid and disruptive changes caused by technology innovations impacting commercial real estate (CRE) and how leaders in today's CRE business environment can better anticipate, and even experiment with, disruptive technologies while maintaining current business assets and practices.Design/methodology/approachThis qualitative research is based in systems theory, through which the impact of disruptive technology innovation cycles on business models is described for tactical and strategic utility.FindingsThe advent of the fourth industrial revolution (Industry 4.0) is characterized by a convergence of multiple technological innovations including artificial intelligence, the Internet of things, smart buildings, autonomous agents, and automated decision-making. Industry 4.0 promises a future of discontinuities and disruptive innovation superseding the deployment of digital technologies enabled by Industry 3.0. Ambidextrous leaders need to maintain two concurrent foci: one on the current CRE business environment for incremental improvements and one on new opportunities made possible by the next technology innovation cycle.Practical implicationsBy anticipating the inflection points of nonlinear technology adoption cycles, CRE leaders can reduce risks and increase innovative opportunities as participants in the next disruptive cycle rather than falling victim to it.Originality/valueThis work examines CRE market disruptions caused by technology innovation cycles through the lens of systems theory. A connection is made between the nonlinear nature of technology disruption cycles within the CRE business environment and how CRE leadership can better anticipate and prepare for change through ambidextrous thinking.

BUSINESS MODEL PATTERNS FOR DISRUPTIVE TECHNOLOGIES

2015 ◽  
Vol 19 (03) ◽  
pp. 1540002 ◽  
Author(s):  
BENJAMIN AMSHOFF ◽  
CHRISTIAN DÜLME ◽  
JULIAN ECHTERFELD ◽  
JÜRGEN GAUSEMEIER
Keyword(s):  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Direct Consequence ◽  
Disruptive Technology ◽  
Model Design ◽  
Market Segments ◽  
Disruptive Technologies ◽  
Business Opportunities ◽  
Industrial Projects

Companies nowadays face a myriad of business opportunities as a direct consequence of manifold disruptive technology developments. As a basic characteristic, disruptive technologies lead to a severe shift in value-creation networks giving rise to new market segments. One of the key challenges is to anticipate the business logics within these nascent and formerly unknown markets. Business model patterns promise to tackle this challenge. They can be interpreted as proven business model elements, which reveal valuable insights about pursued business logics. The approach in general helps increasing efficiency in business models design processes, but especially lacks methodological support so far. The paper at hand, therefore presents a methodology for pattern-based business model design simplifying development and analysis of business models for disruptive technologies. The methodology has been validated within several industrial projects.

scholarly journals Business Models and Blockchain: What Can Change?

2019 ◽  
Vol 23 (2) ◽  
pp. 228-248 ◽  
Author(s):  
Fernanda da Silva Momo ◽  
Giovana Sordi Schiavi ◽  
Ariel Behr ◽  
Percival Lucena
Keyword(s):  
Content Analysis ◽  
Data Analysis ◽  
North America ◽  
Business Models ◽  
Document Analysis ◽  
Disruptive Technology ◽  
Excel Spreadsheet ◽  
Additional Information ◽  
Descriptive Research ◽  
Blockchain Technology

Abstract The goal is to identify the characteristics of innovative business models that use blockchain technology. Through a qualitative and descriptive research, we sought, in the Crunshbase database, the companies that had in their activity description the word Blockchain, obtaining a total of 810 companies. The data obtained were tabulated in Excel spreadsheet and we carried out a collection of additional information on the websites of the organizations. The process of data analysis used the technique of document analysis and content analysis. The results allowed us to identify that most organizations' foundation date from 2014 and are located in North America. Regarding the area of expertise of these organizations, it can be observed that most of them belong to financial and technology areas. Moreover, 10 companies were already in operation before the creation of blockchain technology, pointing out the characteristic of a disruptive technology, which is the readjustment of established companies. Finally, we highlight the contributions related to the field, by identifying the main areas of business that use blockchain technology, as well as revealing important descriptions about these companies. In addition to contributions to the theory, by presenting empirical evidences of active business with this technology and its contributions to the various areas.

scholarly journals Product-Service Systems and Sustainability: Analysing the Environmental Impacts of Rental Clothing

2021 ◽  
Vol 13 (4) ◽  
pp. 2118
Author(s):  
Emma Johnson ◽  
Andrius Plepys
Keyword(s):  
Environmental Impacts ◽  
Business Models ◽  
Service Systems ◽  
Environmental Benefits ◽  
Fast Fashion ◽  
Product Service ◽  
Potential Impact ◽  
Environmental Savings ◽  
Product Service Systems

Business models like product-service systems (PSSs) often recognise different sustainability goals and are seen as solutions for the impacts of consumption and fast fashion, but there is a lack of evidence supporting the environmental claims of such business models for clothing. The research aimed to understand if rental clothing business models such as PSSs have the environmental benefits often purported by quantifying the environmental impacts of rental formal dresses in a life-cycle assessment (LCA) in a case study in Stockholm, Sweden. The effects of varying consumer behaviour on the potential impact of a PSS vs. linear business model are explored through three functional units and 14 consumption scenarios. How users decide to engage with clothing PSSs dictates the environmental savings potential that a PSS can have, as shown in how many times consumers wear garments, how they use rental to substitute their purchasing or use needs, as well as how consumers travel to rental store locations.

scholarly journals Blockchain-Based Application for Certification Management

2020 ◽  
Vol 14 (4) ◽  
pp. 488-492
Author(s):  
Jovan Karamachoski ◽  
Ninoslav Marina ◽  
Pavel Taskov
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Human Factor ◽  
Computer Code ◽  
Chain Management ◽  
Practical Applications ◽  
Sustainable Technologies ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Crucial Part

Blockchain technology will bring a disruption in plenty of industries and businesses. Recently it proved the robustness, immutability, auditability, in many crucial practical applications. The blockchain structure offers traceability of actions, alterations, alerts, which is an important property of a system needed for development of sustainable technologies. A crucial part of the blockchain technology regarding the optimization of the processes is the smart contract. It is a self-executable computer code, open and transparent, encoding the terms of a regular contract. It is able to automate the processes, thus decreasing the human-factor mistakes or counterfeits. In this paper, we are presenting the feasibility of the blockchain technology in the certification processes, with an application developed for university diploma certification. The example is easily transferable in other areas and business models such as logistics, supply chain management, or other segments where certification is essential.

scholarly journals Blockchain technology in maritime industry

Pomorstvo ◽  
2020 ◽  
Vol 34 (1) ◽  
pp. 178-184
Author(s):  
Ivan Peronja ◽  
Kristijan Lenac ◽  
Roko Glavinović
Keyword(s):  
Comparative Method ◽  
Maritime Industry ◽  
Comprehensive Overview ◽  
Time Value ◽  
Bill Of Lading ◽  
Blockchain Technology ◽  
The World ◽  
Transportation Process ◽  
Potential Impact ◽  
World Environment

Maritime industry is one of the most globally connected industries that include transportation of numerous types of goods and documents across the world. With that said, it is safe to say that abundance of financial and paper-trail transactions are made every day in order for goods to be transported from one place to another. The scope of this paper is to show that by implementing blockchain technology savings in time and money could be generated. This paper presents costs of container freights and rates in the last few years and assumes possible future costs of container freights and rates if blockchain based technology is implemented. Additionally, by using comparative method economical and time value of “traditional” bill of lading is compared with a blockchain bill of lading solution. It is also important to mention the potential impact of the blockchain technology on the world environment and ecology by reducing global paper consumption and emissions from vehicles that are used in the transportation process. This paper also gives a descriptive and comprehensive overview of current and future applications of blockchain technology in maritime industry.

scholarly journals Blockchain Beyond Cryptocurrency: Non-Fungible Tokens

2021 ◽  
Author(s):  
Burcu Sakız ◽  
Ayşen Hiç Gencer
Keyword(s):  
Business Models ◽  
Disruptive Innovation ◽  
Peer To Peer ◽  
Smart Contracts ◽  
Blockchain Technology ◽  
Wide Range ◽  
Peer Network ◽  
Work Mechanism ◽  
Distributed Networking ◽  
Peer To Peer Network

Blockchain technology is a disruptive innovation with the potential to replace existing business models that rely on centralized systems and third parties for trust. Even if there are a lot of application areas, blockchain used primarily for cryptocurrencies. Satoshi Nakamoto implemented the first blockchain application and invented the world’s first digital currency which is named as Bitcoin in 2008. Fundementally Bitcoin relies on cryptographic “proof of work” mechanism, digital signatures, and peer to peer distributed networking layer in order to provide a distributed ledger holding transactions. In 2014, a second generation of blockchains allow to program and execute them over distributed networks such as Ethereum project. The code to program any asset stored in blockchain’s peer-to-peer network is called as "smart contract" and smart contracts gives a powerful tool to developers for decentralized applications. There are various types of tokens that anyone can built on top of Ethereum and by combining smart contracts and new tokens, this paved the way of possibility to build a wide range of decentralized projects. One of the disruptive blockchain based innovation impacting intellectual property is called non-fungible-tokens or NFTs firstly introcuced in late 2017 on Ethereum network. This research contends that blockchain and non-fungible tokens (NFTs) which are cryptographically unique, scarce, non-replicable digital assets created through smart contracts and provably digital collectible assets. Our objective is to give NFT taxonomy, review NFT platforms and discuss technical challenges as well as recent advances in tackling the challenges. Moreover, this paper also aims to point out the future directions for NFT technology.

Modelling blockchain-based business processes: a comparative analysis of BPMN vs CMMN

2021 ◽  
Vol 27 (2) ◽  
pp. 638-657
Author(s):  
Fredrik Milani ◽  
Luciano Garcia-Banuelos ◽  
Svitlana Filipova ◽  
Mariia Markovska
Keyword(s):  
Design Methodology ◽  
Business Processes ◽  
Process Analysis ◽  
Process Models ◽  
Disruptive Technology ◽  
Content Type ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Block Chain ◽  
Insight Into

PurposeBlockchain technology is increasingly positioned as a promising and disruptive technology. Such a promise has attracted companies to explore how blockchain technology can be used to gain significant benefits. Process models play a cardinal role when seeking to improve business processes as they are the foundation of process analysis and redesign. This paper examines how blockchain-oriented processes can be conceptually modelled with activity- (BPMN) and artifact-centric (CMMN) modelling paradigms.Design/methodology/approachThis paper discusses how commonly occurring patterns, specific to block-chain-based applications, can be modelled with BPMN and CMMN. Furthermore, the advantages and disadvantages of both notations for accurately representing blockchain-specific patterns are discussed.FindingsThe main finding of this paper is that neither BPMN nor CMMN can adequately and accurately represent certain patterns specific for blockchain-oriented processes. BPMN, while supporting most of the patterns, does not provide sufficient support to represent tokenization. CMMN, on the other hand, does not provide support to distinguish between activities executed and data stored on-chain versus off-chain.Originality/valueThe paper provides insight into the strengths and weaknesses of BPMN and CMMN for modelling processes to be supported by blockchain. This will serve to aid analysts to produce better process models for communication purposes and, thereby, facilitate development of blockchain-based solutions.

Using blockchain technology in credit rating industry to promote an innovative bond-pays model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Krishna Vishwanath Iyer ◽  
V.V. Ravi Kumar
Keyword(s):  
Business Models ◽  
Credit Rating ◽  
Content Type ◽  
Concept System ◽  
Blockchain Technology ◽  
Proposed Model ◽  
Business Functions ◽  
Market Distortion ◽  
Practical Implications ◽  
Inflation Alternative

Purpose This paper aims to propose an innovative blockchain-based system enabling implementation of a bond-pays model in credit rating industry. Issuer-pays model has led to conflict of interest resulting in rating shopping and inflation. Alternative business models have their own problems, e.g. investor-pays model suffers from “free rider” and public dissemination challenges, whereas government-controlled business models can lead to market distortion. Bond-pays model has been difficult to implement owing to operational difficulties in managing co-ordination amongst multiple entities involved, often with conflicting goals. Blockchain technology enables inter-organizational systems that foster trust amongst non-trusting entities, facilitating business functions such as credit rating to be carried out. Design/methodology/approach This paper outlines current processes in credit rating business that has led to repeated rating failures and proposes a new set of processes, leveraging capabilities of blockchain technology to enable implementation of an arms-length bond-pays model. Findings A proof-of-concept system, namely, rating chain has been designed to implement a small part of the proposed model to establish technical feasibility in a blockchain environment. Practical implications A fully functional blockchain-based system on bond-pays business model, if built and adopted, could impact how credit rating market functions currently and could contribute to a reduction in rating-related challenges. Originality/value The proposal to adopt blockchain technologies in implementing a bond-pays model in credit rating industry is a novel contribution.

Blockchain as a Disruptive Technology

2020 ◽  
pp. 130-173
Author(s):  
Gopala Krishna Behara ◽  
Tirumala Khandrika
Keyword(s):  
Digital Signature ◽  
Disruptive Technology ◽  
Distributed Network ◽  
Blockchain Technology ◽  
Distributed Ledger

Blockchain is a digital, distributed, and decentralized network to store information in a tamper-proof way with an automated way to enforce trust among different participants. An open distributed ledger can record all transactions between different parties efficiently in a verifiable and permanent way. It captures and builds consensus among participants in the network. Each block is uniquely connected to the previous blocks via a digital signature which means that making a change to a record without disturbing the previous records in the chain is not possible, thus rendering the information tamper-proof. Blockchain holds the potential to disrupt any form of transaction that requires information to be trusted. This means that all intermediaries of trust, as they exist today, exposed to disruption in some form with the initiation of Blockchain technology. Blockchain works by validating transactions through a distributed network in order to create a permanent, verified, and unalterable ledger of information.

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