Supply chain is complex today. Multi-echelon, highly disjointed, and geographically spread are some of the cornerstones of today’s supply chain. All these together with different governmental policies and human behavior make it almost impossible to probe incidents and trace events in case of supply chain disruptions. In effect, an end-to-end supply chain, from the most basic raw material to the...

Blockchain is a decentralized transaction and data management technology developed first for Bitcoin cryptocurrency. The interest in Blockchain technology has been increasing since the idea was coined in 2008. The reason for the interest in Blockchain is its central attributes that provide security, anonymity and data integrity without any third party organization in control of the transactions...

The blockchain has reached the tip of a global hype across a variety of industries. The potential of this technology, inter alia building the fundament of Bitcoin, is assumed to be immense and disruptive – particularly for the financial industry. FinTech start-ups as well as established players however are just about to explore the true potential of blockchain technology as the fundament of (fi...

Blockchain is a technology with disruptive, transformative and even revolutionary power [1], but currently its application faces many barriers: technological, governance, organizations and societal [2]. A significant amount of knowledge from both the blockchain and related fields is available, but there is currently no comprehensive application-ready methodology guiding organizations through th...

It is undeniable that artificial intelligence (AI) and blockchain concepts are spreading at a phenomenal rate. Both technologies have distinct degree of technological complexity and multi-dimensional business implications. However, a common misunderstanding about blockchain concept, in particular, is that “a blockchain is decentralized and therefore no one controls it”. But the underlying devel...

Blockchain technology has emerged as a primary enabler for verification-driven transactions between parties that do not have complete trust among themselves. Bitcoin uses this technology to provide a provenance-driven verifiable ledger that is based on consensus. Nevertheless, the use of blockchain as a transaction service in non-cryptocurrency applications, for example, business networks, is a...

In recent years, hype surrounding the proliferation of blockchain-based technology has been significant. Apart from the creation of bitcoin and other cryptocurrencies, it has been difficult to determine what practical utility might lie in the adoption of blockchain, mainly because there are so few in existence at present. Even so, interest in the technology has increased tremendously. This pape...

Nowadays the decentralized transaction ledger functionality implemented through the blockchain technology is at the highest international interest because of the prospects both on opportunities and risks. There are a number of advantages inherently embedded in blockchain-based systems, and a pletora of new applications and services relying on concepts and technologies inspired by those of Bitco...

Blockchain technology is regarded as highly disruptive, but there is a lack of formalization and standardization of terminology. Not only because there are several (sometimes propriety) implementation platforms, but also because the academic literature so far is predominantly written from either a purely technical or an economic application perspective. The result of the confusion is an offspri...

Blockchains have recently generated explosive interest from both academia and industry, with many proposed applications. But descriptions of many these proposals are more visionary projections than realizable proposals, and even basic definitions are often missing. We define “blockchain” and “blockchain network”, and then discuss two very different, well known classes of blockchain networks: cr...