@inbook{fa890bf64bd04e28b1cb7ddfc9c05c55,
title = "How blockchain technology affects the performance of financial services",
abstract = "This chapter explores how the application of blockchain technology may enhance business network performance in financial services networks. We apply a recent detailed definition of {"}blockchain technology{"} that distinguishes between 12 aspects of blockchain technology and 11 aspects of the application of blockchain technology, based on enterprise ontology theory. We combine the ontology-based definition with business network theory and apply it on the literature-based case of the Australian Stock Exchange. We conclude that blockchain technology implementations affect the structure of business networks (since the technology influences which firms (do not) participate), the transactions and network processes, as well as the communication logic, content logic, consensus logic, and contract logic. We summarize our observations in five simple, practical questions to help predicting blockchain technology success.",
author = "Martin Smits and Hans Weigand and \{de Kruijff\}, Joost and \{de Valk\}, Jerom",
year = "2024",
doi = "10.1007/978-3-031-30214-5",
language = "English",
isbn = "978-3-031-30216-9",
series = "Enterprise Engineering Series",
publisher = "Springer Nature",
pages = "53--72",
editor = "HA Proper and B VanGils and K Haki",
booktitle = "Digital Enterprises",
address = "United States",
}