‘Un’-blocking the industry 4.0 value chain with cyber-physical social thinking
Published in Enterprise Information Systems, 2023
Subodh Mendhurwar, Rajhans Mishra
Blockchains – long considered to be the ‘silver bullet’ (Hackius and Petersen 2017, 3), have transgressed cryptocurrency (Di Pierro 2017; Hooper and Holtbrügge 2020) and exhibit potential to radically transform existing operating models in the FinTech industry (Guo and Liang 2016), wherein consumers ultimately bear costs of economic crimes (Tapscott and Tapscott 2017) experienced annually by 45% intermediaries and 37% of the whole economy. For example, Huckle et al. (2016) explore the integration of blockchain and IoT technologies for developing distributed, apportioned economy apps that facilitate secure monetisation of things (Mahmood 2019) for wealth generation e.g., Airbnb and Uber. Other researchers (e.g., Vujičić, Jagodić, and Ranđić 2018) vouch for conceptually related use cases based on decentralised apps (DApps) like global prediction market protocol (e.g., Augur), identity validation technology (e.g., Civic), disseminated exchanges (e.g., OmiseGO), etc. via multi-cryptocurrency ICOs (Initial Coin Offerings) (e.g., Cardano, Dogecoin, Electroneum, Dash, Litecoin, Ripple, Steem, etc.).