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Block chain use cases beyond payments

Penkov, Ivan (2017) Block chain use cases beyond payments.

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Abstract:Purpose: The purpose of the study is to evaluate block chain technologies for non-monetary use cases, specifically in health care and legal record keeping. The study examines whether the technology can be used beyond censorship-resistant payments using non-monetary transactions. The study compares different block chain types and how they can be applied. Design/methodology/approach: The study uses qualitative research with semi-structured interviews. Ten experts were interviewed from the fields of health care, legal permits and block chain. Findings: Health care is not suited for block chain. For the moment, it is unlikely such technology to be used in health care. Unless an ordered data structure is required or there is an ability to use a third party, there is no need for a block chain. Financial services benefit the most from having an ordered data structure. Block chains are still most useful in creating economic values. Legal record keeping and health care would only work with an off-chain trust and a proper identity solution. All use cases apart from value exchange must rely on a third party trust, because the value is already on the block chain in the form of cryptocurrency. Financial services are best suited for block chain for now. Research limitations/implications: Lack of empirical data because not many use block chains besides payments. Time constraints in expanding the research to DLTs and other block chain based solutions. Originality/value: The study can be applied to other non-monetary use cases. It is not restricted to only health care and legal record keeping.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:54 computer science, 83 economics, 85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/73954
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