Edited by Horst Treiblmaier · Roman Beck Business Transformation through Blockchain Volume II Business Transformation through Blockchain Horst Treiblmaier • Roman Beck Editors Business Transformation through Blockchain Volume II Editors Horst Treiblmaier Roman Beck Department of International Management Head of European Blockchain Center MODUL University Vienna IT University of Copenhagen Vienna, Austria Copenhagen, Denmark ISBN 978-3-319-99057-6 ISBN 978-3-319-99058-3 (eBook) https://doi.org/10.1007/978-3-319-99058-3 Library of Congress Control Number: 2018959421 © Te Editor(s) (if applicable) and Te Author(s), under exclusive licence to Springer International Publishing AG, part of Springer Nature 2019 Tis work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifcally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microflms or in any other physical way, and trans- mission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Te use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifc statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Te publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Te publisher remains neutral with regard to jurisdictional claims in published maps and institutional afliations. Tis Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG Te registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland Preface Volume II Te second volume of Business Transformation through Blockchain con- tains four sections and an appendix. It starts with a selection of use cases from a variety of diferent industries, such as tourism, energy, the Internet of Tings, and healthcare. In the following section on sustainability, sev- eral papers discuss the potential of the blockchain to create a more sus- tainable economy, ranging from a circular economy to questioning the economic growth paradigm as such. Societal impacts, which are closely connected to the preceding section, also deal with issues such as sustain- ability and a circular economy but also include topics related to digital identity and e-government as well as banking for the unbanked. Te sec- tion on legal issues concludes this second volume by investigating whether smart contracts are a threat for the legal industry and how the blockchain might impact intellectual property management. In the frst section, selected use cases from diferent industries are pre- sented. Horst Treiblmaier and Irem Önder use data from expert interviews to create a theory-based blockchain research framework for the tourism industry. Jens Strüker, Simon Albrecht, and Stefan Reichert have a close look at the energy sector and present some ideas on how blockchain might potentially impact this sector in the not-so-far-of future. Chun- Feng Liao, Chien-Che Hung, and Kung Chen examine the state of the art of the Internet of Tings and consider design issues regarding blockchain integration from a software architecture perspective. In the second paper v vi Preface Volume II on the Internet of Tings, authors Daniel Burkhardt, Patrick Frey, Simon Hiller, Alexander Nef, and Heiner Lasi argue that distributed ledgers will enable new opportunities to replace existing components on all layers of industrial IT architecture. Sachin Shetty, Xueping Liang, Daniel Bowden, Juan Zhao, and Lingchen Zhang present a mobile healthcare system for personal health data collection, sharing, and collaboration between indi- viduals and healthcare providers, as well as insurance companies. Te section about sustainability starts with Marcus Dapp, who argues for a new economic approach that has sustainability built into its core design by using cryptoeconomics based on blockchain technology to create incentive systems which encourage sustainable behavior. Dave Leonard and Horst Treiblmaier question the economic growth paradigm and ask the question whether cryptocurrencies can help to create a more sustain- able economy. In the society section, Niels Faber and Jan Jonger address the question of how blockchain can be used to address societal changes and present a framework that helps to decouple assets and impacts. Clare Sullivan and Eric Burger examine the legal and technical implications of the application of blockchain technology to authenticate and verify iden- tity for e-Government services and transactions. Guillermo Jesús Larios- Hernández and Almendra Ortiz-de-Zarate-Béjar elaborate on blockchain’s decentralized approach to trust and how it can help to create trust in fnancial services among the unbanked. Te section on legal issues is opened by Bernhard Waltl, Christian Sillaber, Ulrich Gallersdörfer, and Florian Matthes who investigate how blockchain can potentially disrupt the legal industry by diferentiating between various pillars of the system. Kensuke Ito and Marcus O’Dair examine the application of blockchain technology to intellectual property management. Finally, this volume includes an appendix from Aljosha Judmayer, Nicholas Stifter, Philipp Schindler, and Edgar Weippl in which some central blockchain concepts are explained in a manner that is easy to understand. It is too early to predict what the future will look like, given the novelty of blockchain. However, it can be expected that in the years to come we will hear about spectacular failures, amazing success stories, and unex- pected use cases. It is therefore even more important that academics start to rigorously investigate this feld and partner with practitioners in order to systematically investigate the potentials and pitfalls of blockchain Preface Volume II vii t echnology. Te two volumes of this book aim to support both academics and practitioners in better understanding potential implications of block- chain and in developing new ideas, innovations, and maybe even surpris- ing new use cases. It will be an interesting journey, but one that has the potential to change business and society as we know them. Vienna, Austria Horst Treiblmaier Copenhagen, Denmark Roman Beck Contents Part I S elected Use Cases 1 1 T e Impact of Blockchain on the Tourism Industry: A Teory-Based Research Framework 3 Horst Treiblmaier and Irem Önder 2 B lockchain in the Energy Sector 23 Jens Strüker, Simon Albrecht, and Stefan Reichert 3 B lockchain and the Internet of Tings: A Software Architecture Perspective 53 Chun-Feng Liao, Chien-Che Hung, and Kung Chen 4 D istributed Ledger Enabled Internet of Tings Platforms: Symbiosis Evaluation 77 Daniel Burkhardt, Patrick Frey, Simon Hiller, Alexander Nef, and Heiner Lasi ix x Contents 5 B lockchain-Based Decentralized Accountability and Self-Sovereignty in Healthcare Systems 119 Sachin Shetty, Xueping Liang, Daniel Bowden, Juan Zhao, and Lingchen Zhang Part II S ustainability 151 6 T oward a Sustainable Circular Economy Powered by Community-Based Incentive Systems 153 Marcus M. Dapp 7 C an Cryptocurrencies Help to Pave the Way to a More Sustainable Economy? Questioning the Economic Growth Paradigm 183 David Leonard and Horst Treiblmaier Part III S ociety 207 8 A t Your Service: How Can Blockchain Be Used to Address Societal Challenges? 209 Niels Faber and Jan Jonker 9 B lockchain, Digital Identity, E-government 233 Clare Sullivan and Eric Burger 10 B lockchain Entrepreneurship and the Struggle for Trust Among the Unbanked 259 Guillermo Jesús Larios-Hernández and Almendra Ortiz-de-Zarate-Béjar Contents xi Part IV L egal Issues 285 11 B lockchains and Smart Contracts: A Treat for the Legal Industry? 287 Bernhard Waltl, Christian Sillaber, Ulrich Gallersdörfer, and Florian Matthes 12 A Critical Examination of the Application of Blockchain Technology to Intellectual Property Management 317 Kensuke Ito and Marcus O’Dair Part V A ppendix 337 13 B lockchain: Basics 339 Aljosha Judmayer, Nicholas Stifter, Philipp Schindler, and Edgar Weippl I ndex 357