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Affordances, experimentation and actualization of FinTech : A blockchain implementation study

Du, Wenyu (Derek); Pan, Shan L.; Leidner, Dorothy E. LU and Ying, Wenchi (2018) In Journal of Strategic Information Systems
Abstract

Blockchain, the technology underlying bitcoin, is an emerging financial technology (FinTech) that is poised to have strategic impacts on organizations. Because it is a new phenomenon, there are few studies on blockchain, and those studies have focused mainly on the technology's potential impacts, whereas how to effectively implement it in an organization remains unknown. Our study intends to fill that gap. Using affordance-actualization (A-A) theory as the theoretical lens, we conducted a case study of blockchain implementation in an organization that has effectively implemented it. We identify three affordances of blockchain in the organization and a process model whereby these affordances are actualized. The process model extends A-A... (More)

Blockchain, the technology underlying bitcoin, is an emerging financial technology (FinTech) that is poised to have strategic impacts on organizations. Because it is a new phenomenon, there are few studies on blockchain, and those studies have focused mainly on the technology's potential impacts, whereas how to effectively implement it in an organization remains unknown. Our study intends to fill that gap. Using affordance-actualization (A-A) theory as the theoretical lens, we conducted a case study of blockchain implementation in an organization that has effectively implemented it. We identify three affordances of blockchain in the organization and a process model whereby these affordances are actualized. The process model extends A-A theory by adding an experimentation phase where blockchain's use cases within the organization are identified, developed and tested through conceptual adaptation and constraint mitigation. Our study makes important theoretical contributions to the literature on A-A theory, blockchain, information technology (IT) implementation, and strategic information systems (SIS). Our study can also help IT practitioners to implement blockchain effectively and extract value from their investment.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
epub
subject
keywords
Actualization, Blockchain, Case study, Experimentation, FinTech, Organizational affordances
in
Journal of Strategic Information Systems
publisher
Elsevier
external identifiers
  • scopus:85055953393
ISSN
0963-8687
DOI
10.1016/j.jsis.2018.10.002
language
English
LU publication?
yes
id
17a0c0af-3874-4bd4-8f57-4050488effc7
date added to LUP
2018-11-23 12:24:48
date last changed
2019-02-20 11:37:32
@article{17a0c0af-3874-4bd4-8f57-4050488effc7,
  abstract     = {<p>Blockchain, the technology underlying bitcoin, is an emerging financial technology (FinTech) that is poised to have strategic impacts on organizations. Because it is a new phenomenon, there are few studies on blockchain, and those studies have focused mainly on the technology's potential impacts, whereas how to effectively implement it in an organization remains unknown. Our study intends to fill that gap. Using affordance-actualization (A-A) theory as the theoretical lens, we conducted a case study of blockchain implementation in an organization that has effectively implemented it. We identify three affordances of blockchain in the organization and a process model whereby these affordances are actualized. The process model extends A-A theory by adding an experimentation phase where blockchain's use cases within the organization are identified, developed and tested through conceptual adaptation and constraint mitigation. Our study makes important theoretical contributions to the literature on A-A theory, blockchain, information technology (IT) implementation, and strategic information systems (SIS). Our study can also help IT practitioners to implement blockchain effectively and extract value from their investment.</p>},
  author       = {Du, Wenyu (Derek) and Pan, Shan L. and Leidner, Dorothy E. and Ying, Wenchi},
  issn         = {0963-8687},
  keyword      = {Actualization,Blockchain,Case study,Experimentation,FinTech,Organizational affordances},
  language     = {eng},
  month        = {11},
  publisher    = {Elsevier},
  series       = {Journal of Strategic Information Systems},
  title        = {Affordances, experimentation and actualization of FinTech : A blockchain implementation study},
  url          = {http://dx.doi.org/10.1016/j.jsis.2018.10.002},
  year         = {2018},
}