Business Commons^™

The Role Of Interdependencies In Blockchain Adoption: The Case Of Maritime Trade, Melissa M. Appleyard, Kristi Yuthas

Business Faculty Publications and Presentations

Despite its many potential economic and organisational benefits, enterprise blockchain (distributed ledger) technology has still not been widely adopted. From the viewpoint of the participants, the deployment of a blockchain that links collaborating enterprises requires value creation that will exceed investment, including investment in operational and strategic change. The theory behind and practice of cross-enterprise open innovation can inform blockchain adoption. Blockchain implementation requires and creates interdependencies across collaborators, both among enterprise consortium partners and with stakeholders in the broader ecosystem. Distinguished from arm’s-length forms of collaboration, interdependencies occur when organisations intentionally collaborate to become reliant upon one another. In …