Business unit managers often feel they need to start analytics initiatives to remain competitive. Given the budget constraints placed on business units, including the internal IT business unit, managers have to find innovative ways to pay for the analytics initiatives. Since IT departments are cost centers, this leads to business unit managers trying to launch analytics initiatives outside the purview of the internal IT department. This trend is called shadow IT.
Each ICO has an associated white paper that describes the firm's business model, market, cryptocurrency, the team behind the project, and the technology. Then investments are made in the startups. The white papers differ in scope and detail. Comprehensive white papers describing technologically-sophisticated details raised more money than superficial ones simply making claims. Examples of ICO successes and failures are described.
A case study examined the progress of a MediLedger, a blockchain-based pharmaceutical supply chain system. The team focused on how blockchain applications can be used in the enterprise context, how they can add value, and what drives their adoption. Through interviews the team discovered how the project developed over time and how the developers solved the challenges that arose. Four lessons provide guidance to other firms.
A longitudinal case study provides a rare glimpse into the development and evolution of TradeLens from 2013 to 2019. Data were collected from several sources, including interviews, conferences, focus groups, direct observation, project meetings, and field visits. The business value of this global supply chain system is still evolving, but seven valuable lessons provide guidance for future blockchain projects with interorganizational boundaries.
The researchers attempted to find out if the regulations of GDPR conflicted with the features and benefits of blockchain technology. They gathered evidence from workshops, meetings, documents, and interviews. The outcome is that third-party services that provide permissioned pseudonyms are indeed able to avoid storing personal information yet provide the shared ledgers needed for blockchains.
Many enterprises have not progressed their blockchain solutions beyond proofs-ofconcept. Daunting managerial challenges in the areas of standards, regulations, shared governance models and viable ecosystems impede progress. We describe the strategies that LO3 Energy, Moog, Inc. and the Center for Supply Chain Studies are pursuing to address these challenges.
Many organizations are looking at blockchain technologies. However, the drawbacks of blockchain databases (e.g., scalability, capacity, latency, privacy) mean that the technology is not always appropriate. This article presents a ten-step decision path that can help determine whether the application of blockchain is justified and, if so, which kind of blockchain technology to use. We describe how this decision path was used to develop a blockchain prototype for the Danish maritime shipping in...
Data monetization occurs when companies convert data and analytics into financial returns. BBVA, a global financial group, established a data science center of excellence in 2014 to lead its data monetization activities. By 2017, BBVA had developed a rich data monetization portfolio by making preexisting data monetization activities more effective, by pursuing new data monetization approaches, and by investing in a larger number of data monetization projects. Based on BBVA’s efforts, we...
A case study examined the progress of a MediLedger, a blockchain-based pharmaceutical supply chain system. The team focused on how blockchain applications can be used in the enterprise context, how they can add value, and what drives their adoption. Through interviews the team discovered how the project developed over time and how the developers solved the challenges that arose. Four lessons provide guidance to other firms.
A longitudinal case study provides a rare glimpse into the development and evolution of TradeLens from 2013 to 2019. Data were collected from several sources, including interviews, conferences, focus groups, direct observation, project meetings, and field visits. The business value of this global supply chain system is still evolving, but seven valuable lessons provide guidance for future blockchain projects with interorganizational boundaries.
Business unit managers often feel they need to start analytics initiatives to remain competitive. Given the budget constraints placed on business units, including the internal IT business unit, managers have to find innovative ways to pay for the analytics initiatives. Since IT departments are cost centers, this leads to business unit managers trying to launch analytics initiatives outside the purview of the internal IT department. This trend is called shadow IT.
The researchers attempted to find out if the regulations of GDPR conflicted with the features and benefits of blockchain technology. They gathered evidence from workshops, meetings, documents, and interviews. The outcome is that third-party services that provide permissioned pseudonyms are indeed able to avoid storing personal information yet provide the shared ledgers needed for blockchains.
Data monetization occurs when companies convert data and analytics into financial returns. BBVA, a global financial group, established a data science center of excellence in 2014 to lead its data monetization activities. By 2017, BBVA had developed a rich data monetization portfolio by making preexisting data monetization activities more effective, by pursuing new data monetization approaches, and by investing in a larger number of data monetization projects. Based on BBVA’s efforts, we...
Many organizations are looking at blockchain technologies. However, the drawbacks of blockchain databases (e.g., scalability, capacity, latency, privacy) mean that the technology is not always appropriate. This article presents a ten-step decision path that can help determine whether the application of blockchain is justified and, if so, which kind of blockchain technology to use. We describe how this decision path was used to develop a blockchain prototype for the Danish maritime shipping in...
Each ICO has an associated white paper that describes the firm's business model, market, cryptocurrency, the team behind the project, and the technology. Then investments are made in the startups. The white papers differ in scope and detail. Comprehensive white papers describing technologically-sophisticated details raised more money than superficial ones simply making claims. Examples of ICO successes and failures are described.
Many enterprises have not progressed their blockchain solutions beyond proofs-ofconcept. Daunting managerial challenges in the areas of standards, regulations, shared governance models and viable ecosystems impede progress. We describe the strategies that LO3 Energy, Moog, Inc. and the Center for Supply Chain Studies are pursuing to address these challenges.
An official sister publication of MIS Quarterly, MISQE invites authors to submit papers based on in-depth research that provide rich stories, unique insights, and useful conceptual frameworks for information systems practice. Our target audience includes both practitioners and researchers - so that MISQE can stimulate ongoing discussions at the intersection of research and practice - but our primary focus is research that is immediately relevant and useful for practice.