Author:
Prasad Sanjay,Shankar Ravi,Gupta Rachita,Roy Sreejit
Abstract
Purpose
Over last few years, a major innovation known as blockchain technology has emerged as potentially one of the most disruptive technology of recent times. The purpose of this paper is to identify and analyze various critical success factors (CSFs) that can facilitate success of blockchain-based cloud services. Further, this paper aims to analyze and understand mutual interactions among these CSFs.
Design/methodology/approach
In this paper, 19 CSFs have been identified through literature review and expert opinions. The hierarchical framework developed using total interpretive structural modeling has revealed the inter-dependencies among these CSFs. The methodology employed in this study provides a mechanism to conduct an exploratory study by identifying the factors and analyzing their interactions through the development of a hierarchical framework. This research further categorizes CSFs into multiple clusters based on their driving power and dependence power.
Findings
This paper has identified 19 CSFs, namely, user engagement, industry collaboration, rich ecosystem, blockchain technology standardization, regulatory clarity, cost efficiency, energy efficiency (wasted resources), handling blockchain bloat, miner incentives, business case alignment to blockchain capability, sidechains development, blockchain talent pool availability, leadership readiness for a decentralized consensus based technology, technology investment and maturity, trust on blockchain networks, integration with other cloud services, robust and mature smart contracts platform, blockchain security and user control on data (privacy). Further, driver and dependent variables have been identified.
Research limitations/implications
Future research can discover and detail the sub-factors behind the 19 CSFs identified in this paper. Additionally, more work can be done to extend the current structural model for blockchain-based services to a more functional form.
Practical implications
It provides a comprehensive list of CSFs that are relevant for development of blockchain-based cloud services. This will help industry leaders to strategically focus on the main drivers that will ensure that businesses get maximum benefit of this disruptive technology.
Originality/value
This study makes a significant contribution in the literature of blockchain-based cloud services, which captures the perspective of different stakeholders. This study is one of the first (if not the first) systematic research on adoption of blockchain-based services. It creates the foundation to carry out further research in this area.
Subject
General Business, Management and Accounting
Reference67 articles.
1. Accenture (2016), “Blockchain technology: how banks are building a real-time global payment network”, available at: www.accenture.com/t00010101T000000__w__/es-es/_acnmedia/PDF-35/Accenture-Blockchain-How-Banks-Building-Real-Time-Global-Payment-Network.PDF (accessed April 22, 2017).
2. Security in cloud computing: opportunities and challenges;Information Sciences,2015
3. Bitcoin mining acceleration and performance quantification,2014
4. Bigi, G., Bracciali, A., Meacci, G. and Tuosto, E. (2015), “Validation of decentralised smart contracts through game theory and formal methods”, in Bodei, C., Ferrari, G.L. and Priami, C. (Eds), Programming Languages with Applications to Biology and Security: Lecture Notes in Computer Science, Vol. 9465, Springer, Cham, pp. 142-161.
5. Modeling reconfigurability in supply chains using total interpretive structural modeling;Journal of Advances in Management Research,2017
Cited by
75 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献