Dynamics of Blockchain Implementation - A Case Study from the Energy Sector

This case study analyzes the impact of theory-based factors on the implementation of different blockchain technologies in use cases from the energy sector. We construct an integrated research model based on the Diffusion of Innovations theory, institutional economics and the Technology-Organization-Environment framework. Using qualitative data from in-depth interviews, we link constructs to theory and assess their impact on each use case. Doing so we can depict the dynamic relations between different blockchain technologies and the energy sector. The study provides insights for decision makers in electric utilities, and government administrations.

[1]  Dieter Gollmann,et al.  Computer Security , 1979, Lecture Notes in Computer Science.

[2]  B. Flyvbjerg,et al.  Making Social Science Matter: Why Social Inquiry Fails and How It Can Succeed Again , 2001 .

[3]  B. Briscoe,et al.  Metcalfe's law is wrong - communications networks increase in value as they add members-but by how much? , 2006, IEEE Spectrum.

[4]  Melanie Swan,et al.  Blockchain: Blueprint for a New Economy , 2015 .

[5]  A. Strauss Basics Of Qualitative Research , 1992 .

[6]  B. Flyvbjerg,et al.  Making Social Science Matter: Why Social Inquiry Fails and How It Can Succeed Again , 2001 .

[7]  Boris Scholtka,et al.  Blockchain – Ein neues Modell für den Strommarkt der Zukunft? , 2017 .

[8]  E. Rogers,et al.  Diffusion of Innovations , 1964 .

[9]  Shahid A. Zia,et al.  Competitive Strategy: Techniques for Analyzing Industries & Competitors , 2013 .

[10]  J. Potts,et al.  Economics of Blockchain , 2016 .

[11]  Kalle Lyytinen,et al.  What's Wrong with the Diffusion of Innovation Theory , 2001, Diffusing Software Products and Process Innovations.

[12]  Ethan Buchman,et al.  Tendermint: Byzantine Fault Tolerance in the Age of Blockchains , 2016 .

[13]  M. Patton,et al.  Qualitative evaluation and research methods , 1992 .

[14]  Daniel Davis Wood,et al.  ETHEREUM: A SECURE DECENTRALISED GENERALISED TRANSACTION LEDGER , 2014 .

[15]  Christof Weinhardt,et al.  Designing microgrid energy markets , 2018 .

[16]  N. Radziwill Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. , 2018 .

[17]  R. Tollison,et al.  Toward a theory of the rent-seeking society , 1982 .

[18]  Fred D. Davis,et al.  Extension of the Technology Acceptance Model: Four Longitudinal Field : . , 2000 .

[19]  Jeffrey P. Baker,et al.  The Technology–Organization–Environment Framework , 2012 .

[20]  Patrick Y. K. Chau,et al.  A perception-based model for EDI adoption in small businesses using a technology-organization-environment framework , 2001, Inf. Manag..

[21]  R. Coase The Nature of the Firm , 1937 .

[22]  June Williamson,et al.  Context for Change , 2013 .

[23]  Youth Board on Children,et al.  The Context for Change , 2013 .

[24]  V. Venkatesh,et al.  Unified Theory of Acceptance and Use of Technology: U.S. Vs. China , 2010 .

[25]  Marko Vukolic,et al.  The Quest for Scalable Blockchain Fabric: Proof-of-Work vs. BFT Replication , 2015, iNetSeC.

[26]  Mark J. Safferstone Information Rules: A Strategic Guide to the Network Economy , 1999 .

[27]  Ulrich Dalkmann Ansätze im Smart Market für Energie- Vertriebsunternehmen , 2014 .

[28]  Kenneth L. Kraemer,et al.  Information Technology Payoff in E-Business Environments: An International Perspective on Value Creation of E-Business in the Financial Services Industry , 2004, J. Manag. Inf. Syst..

[29]  Fred D. Davis,et al.  A Theoretical Extension of the Technology Acceptance Model: Four Longitudinal Field Studies , 2000, Management Science.

[30]  Miguel Castro,et al.  Practical byzantine fault tolerance and proactive recovery , 2002, TOCS.

[31]  Sooyong Park,et al.  Where Is Current Research on Blockchain Technology?—A Systematic Review , 2016, PloS one.

[32]  Marc Pilkington,et al.  Blockchain Technology: Principles and Applications , 2015 .

[33]  T. Bewley,et al.  Interviews as a valid empirical tool in economics , 2002 .