Horst Treiblmaier - Profile on Academia.edu (original) (raw)

Videos by Horst Treiblmaier

The disruptive impact of blockchain technologies can be felt across numerous industries as it thr... more The disruptive impact of blockchain technologies can be felt across numerous industries as it threatens to disrupt existing business models and economic structures. To better understand this impact, academic researchers regularly apply well-established theories and methods. The vast majority of these approaches are based on multivariate methods that rely on average behavior and treat extreme cases as outliers. However, as recent history has shown, current developments in blockchain and cryptocurrencies are frequently characterized by aberrant behavior and unexpected events that shape individuals’ perceptions, market behavior, and public policymaking. In this paper, I apply various scenario tools to identify such extreme scenarios and illustrate their underlying structure as bundles of interdependent factors.

https://www.mdpi.com/1999-5903/14/6/162

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Papers by Horst Treiblmaier

Information Technology & Tourism, 2025

We present the case of Winding Tree, an ambitious blockchain project that set out in 2017 to radi... more We present the case of Winding Tree, an ambitious blockchain project that set out in 2017 to radically transform the tourism and travel industry. In 2024, they finally gave up, leaving behind a wealth of experience from which others can benefit. We use a rigorous case study approach to process and structure the remnants of Winding Tree. We thoroughly analyzed publicly available material, conducted a quantitative study with 86 respondents, and interviewed 19 key stakeholders. The results outline the key factors responsible for Winding Tree's ultimate failure. Additionally, we assess the findings in the light of popular theories and provide suggestions for refining existing theoretical frameworks. We end with concrete recommendations for practitioners on how future endeavors in this area can avoid the identified pitfalls and encourage academics to apply the refined theories to better explain the progress of digital transformation in the tourism and travel industry.

Information and Communication Technologies in Tourism 2025, 2025

Innovative technologies promise countless disruptive use cases in the travel and tourism industry... more Innovative technologies promise countless disruptive use cases in the travel and tourism industry. Despite their potential to improve the sector, technology adoption faces substantial barriers, such as high implementation costs, the need for significant infrastructure upgrades, and a lack of technical expertise among stakeholders. Existing theoretical approaches (e.g., Diffusion of Innovation, Technology-Organization-Environment framework) regularly assume a gradual adoption process and identify potentially relevant adoption drivers. However, such broad theories can only partially explain the high failure rates of startups in the industry and offer little advice for new endeavors. In this study, we use the case of Winding Tree, a startup that strived to create a decentralized, open-source marketplace for the travel industry, to illustrate the need for a stronger focus on the adoption gap and the key factors that enable or prevent enterprises from reaching a critical market size. We suggest a modification of Chasm Theory for tourism and travel research and present a framework that can help to better explore, explain, and predict the impact of digital transformation.

FinTech, 2025

The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive European Union regulatory frame... more The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive European Union regulatory framework aimed at harmonizing the crypto-asset market. The existing literature has mainly examined MiCA from a legal perspective, while empirical assessments of industry perspectives remain scarce. In this study, we examine MiCA's impact on the crypto market and its implications for both theory and practice by analyzing and integrating insights from 12 expert interviews. The findings reveal perceived benefits arising from the unified market, enhanced investor protection, and compliance clarity, alongside challenges related to the high regulatory burden, legal ambiguities, and limited innovation support. On this basis, we provide recommendations for improving the regulatory framework and its implementation. Furthermore, we integrate our findings within the technologyorganization-environment (TOE) framework to provide a theory-based starting point for rigorous academic research. These findings contribute to regulatory discourse and offer practical guidance for the relevant stakeholders, including businesses, regulators, policymakers, and academics.

ResearchGate, 2025

Dee Hock, the founder of Visa, coined the term "chaordic" to describe simultaneously chaotic and ... more Dee Hock, the founder of Visa, coined the term "chaordic" to describe simultaneously chaotic and ordered systems. Based on his reasoning, we introduce the Theory of Chaordic Economics to explain how economic systems are transformed by two disruptive technologies: Artificial Intelligence and Blockchain. Artificial intelligence can generate novel output through algorithmic yet rather unpredictable processes. Blockchain creates deterministic results without central authorities and relies on elaborated protocols that prescribe how consensus can be reached within a network of peers. The amalgamation of chaos and order produces chaordic economic systems and can yield hitherto unthinkable economic structures.

A comprehensive research framework for Bitcoin’s energy use: Fundamentals, economic rationale, and a pinch of thermodynamics

Blockchain: research and applications, Jun 1, 2023

The energy use of Bitcoin is fiercely debated among academics, practitioners, and the general pub... more The energy use of Bitcoin is fiercely debated among academics, practitioners, and the general public. This debate is often biased and characterized by a lack of understanding. Therefore, I start this paper with a discussion of the fundamentals of Bitcoin, which includes the clarification of widely held misconceptions. Next, I illustrate how Bitcoin is related to energy and describe the underlying incentive mechanism. In the main body of the paper, I discuss various components of Bitcoin's energy use, including the amount, composition, and geographical distribution of the energy, as well as emerging positive and negative effects. These components are then combined into a comprehensive framework that provides a solid foundation for future academic research and presents practitioners with the big picture of how and why Bitcoin requires energy and whether this can be justified from an environmental point of view.

European Conference on Information Systems, 2018

The Blockchain has evoked the interests of researchers and practitioners alike. Market studies pr... more The Blockchain has evoked the interests of researchers and practitioners alike. Market studies predict that it has huge potential to disrupt existing economic structures and business processes, yet the complex technology behind it makes it hard for many people to grasp the basic functionality. Lacking are easy-to-use interfaces and playful applications which would allow for a simple Blockchain exploration. The project Play4Privacy (P4P) used the ancient Chinese board game Go to increase public understanding of the Blockchain. Individuals could join teams to jointly determine the moves of the stones, and tokens could be mined while playing the game. The respective moves of the stones were displayed on the wall of a public building. In this case study we use six qualitative interviews to summarize the anticipated and unanticipated findings of the project, which was not only intended to increase public awareness concerning Blockchain technology, but also toward privacy on the Internet. The results of this research project reveal several important managerial and behavioral obstacles that have to be overcome in order for Blockchain technology to reach widespread adoption.

Need some inspiration for blockchain research? Try tokenization!

Academia letters, Aug 25, 2021

Structural Equation Modeling, Jan 13, 2011

Recently there has been a renewed interest in formative measurement and its role in properly spec... more Recently there has been a renewed interest in formative measurement and its role in properly specified models. Formative measurement models are difficult to identify, and hence to estimate and test. Existing solutions to the identification problem are shown to not adequately represent the formative constructs of interest. We propose a new two-step approach to operationalize a formatively measured construct that allows a closely-matched common factor equivalent to be included in any structural equation model. We provide an artificial example and an original empirical study of privacy to illustrate our approach. Detailed proofs are given in an appendix.

Erstellung eines Rahmenmodells

DUV eBooks, Oct 18, 2007

Die in den vorhergehenden Kapiteln beschriebenen Grundlagen, die uberwiegend der Definition und B... more Die in den vorhergehenden Kapiteln beschriebenen Grundlagen, die uberwiegend der Definition und Beschreibung der verwendeten Begriffe und des wissenschaftlichen Rahmens gewidmet waren, sind als reine Sekundaranalysen nicht ausreichend, urn die in Kapitel 1.2 formulierten Forschungsfragen umfassend zu behandeln. Daher ist es zielfuhrend, vor den beiden quantitativen Untersuchungen zusatzlich eine qualitative Expertenbefragung durchzuftihren, urn mogliche „blinde Flecken“ des Forschers hinsichtlich der zu bearbeitenden Problemstellungen von vornherein auszuschliesen. Tabelle 11 gibt eine kurze Zusammenfassung der gewahlten Methode in Bezug auf Form der Befragung, Zielgruppe/Grundgesamtheit, Stichprobenauswahl, Stichprobengrosne und verwendete Auswertungsmethoden.

Aufbau und Ablauf der quantitativen Erhebungen

DUV eBooks, Oct 18, 2007

Das in Kapitel 5.4.2 beschriebene Untersuchungsmodell bildet den groben Rahmen fur die nun folgen... more Das in Kapitel 5.4.2 beschriebene Untersuchungsmodell bildet den groben Rahmen fur die nun folgenden empirischen, quantitativ ausgerichteten Erhebungen. Urn sowohl die Kundenseite als such die Unternehmensseite entsprechend abbilden zu konnen, ist es notwendig, zwei getrennte Erhebungen durchzufuhren, deren wesentliche Charakteristika in Tabelle 17 beschrieben sind.

Defining the Internet of Value

Springer eBooks, 2022

The Philosopher’s Corner: Paul Feyerabend and the Art of Epistemological Anarchy — A Discussion of the Basic Tenets of Against Method and an Assessment of Their Potential Usefulness for the Information Systems Field

Social Science Research Network, May 1, 2018

Paul Feyerabend was presumably one of the most controversial thinkers in scientific epistemology.... more Paul Feyerabend was presumably one of the most controversial thinkers in scientific epistemology. A self-proclaimed proponent of epistemological anarchism, in his seminal book Against Method he fiercely criticized rationalist thinking, as represented by his friend Imre Lakatos. As a result, he found himself heavily under fire for allegedly propagating ideas related to anarchy, Voodoo, astrology, Dada, and even violence. At times he even admitted that he regretted having written his famous book in the first place.1 He has been labeled the "worst enemy of science" and is generally only briefly mentioned as a marginal note following the discussion of critical rationalism in philosophical textbooks. In this paper I argue that a thorough review of his thoughts and principles might provide interesting insights, discussions, and even research guidelines for the Information Systems(IS) community. Initially, I briefly introduce the philosopher Feyerabend and his key ideas together with some criticism. Next, three central propositions are distilled from his work and four experienced IS researchers express their opinions on these statements. Finally, I provide a short summary and some suggestions regarding epistemology and methodology in the IS field.

Information, Jun 10, 2022

This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY

Future Internet, May 26, 2022

Electronic Markets, Aug 2, 2022

Depending on the chosen perspective, cryptocurrencies either constitute a unique opportunity to e... more Depending on the chosen perspective, cryptocurrencies either constitute a unique opportunity to end national patronizing built on debt-based fiat money (currency) or a menace to a well-established financial order that ensures economic stability. A central issue in the heated debate surrounding cryptocurrencies is whether they have any intrinsic value at all. In this conceptual position paper, we briefly summarize existing standpoints and suggest three alternative propositions: (1) to avoid using the term “intrinsic value” for the valuation of cryptocurrencies, (2) to refer to the sum total of all properties that could potentially qualify them as money, and (3) to consider the amount of capital and energy that is needed to create them. These suggestions bear substantial implications for the economic classification of cryptocurrencies.

Blockchain and Distributed Ledger Technology Use Cases: Applications and Lessons Learned,, 2020

In this descriptive study we investigate the use of blockchain in the online multimedia industry.... more In this descriptive study we investigate the use of blockchain in the online multimedia industry. We analyze the content of 30 peer-reviewed academic publications, white papers and industry websites published between 2016 and 2018 which report the application of blockchain for multimedia management. This includes diverse use cases in the music and advertising industries, healthcare, social media, and content delivery networks. Ethereum was found to be the most popular blockchain and proof of work the favorite consensus mechanism. More than half of the platforms reward their users for content curation and community development. The majority of the platforms have implemented tokens and smart contracts to automate the distribution of earnings or to enable data access. Our study further shows that the majority of multimedia blockchain platforms have already implemented monetization capabilities.

Frontiers in blockchain, May 16, 2019

About a decade ago the fundamental operating principle of the Blockchain was introduced. It took ... more About a decade ago the fundamental operating principle of the Blockchain was introduced. It took several years before the technology gained widespread recognition in industry and academic communities outside of the computer science sphere. Since then many academic communities have taken up the topic, but so far no well-defined research agenda has emerged: research topics are scattered and rigorous approaches are scarce. More often than not, use cases implemented by industry apply a trial and error approach and there exists a dearth of theory-based academic papers on the topic following robust methodologies. Being a nascent research topic, case studies on Blockchain applications are a suitable approach to systematically transfer industry experience into research agendas which benefit both theory development and testing as well as design science research. In this paper I offer guidelines and suggestions on how to design and structure Blockchain case studies to create value for academia and the industry. More specifically, I describe Blockchain characteristics and challenges, present existing Blockchain case studies, and discuss various types of case study research and how they can be useful for industry and academic research. I conclude with a framework and a checklist for Blockchain case study research.

Springer eBooks, 2022

In this paper, we investigate the following research questions: How will token offerings impac... more In this paper, we investigate the following research questions:

How will token offerings impact the economy
–– from a business point of view?
–– from a technical point of view?
–– from a legal point of view?

Daten- und Informationsqualität: Auf dem Weg zur Information Excellence, 2011

IIn diesem Beitrag wird ein Entscheidungsmodell vorgestellt, das den Dateneingabeprozess aus Sic... more IIn diesem Beitrag wird ein Entscheidungsmodell vorgestellt, das den
Dateneingabeprozess aus Sicht der Nutzer in verschiedene Stufen gliedert. Auf
jeder Stufe müssen bestimmte Kriterien erfüllt sein, um eine korrekte Angabe persönlicher Daten zu gewährleisten. Sofern vorhanden, werden die einzelnen Schritte
mit empirischen Ergebnissen aus einer Internetnutzer- und einer Unternehmensbefragung unterlegt. Die Gliederung des kognitiven Gesamtprozesses der
Datenweitergabe in einzelne, von einander klar trennbare Teilschritte ermöglicht
Unternehmen eine kritische Evaluation ihrer derzeit stattfindenden Datenerhebung.
Im Gegensatz zu zahlreichen anderen Beiträgen in diesem Buch geht es in
dem folgenden Artikel somit nicht um eine ex post Bereinigung vorhandener Datensätze,
sondern um eine kritische ex ante Evaluation möglicher negativer Einflussfaktoren
auf die Qualität der zu erhebenden Datenbestände.

https://www.mdpi.com/1999-5903/14/6/162

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Information Technology & Tourism, 2025

Information and Communication Technologies in Tourism 2025, 2025

FinTech, 2025

ResearchGate, 2025

A comprehensive research framework for Bitcoin’s energy use: Fundamentals, economic rationale, and a pinch of thermodynamics

Blockchain: research and applications, Jun 1, 2023

European Conference on Information Systems, 2018

Need some inspiration for blockchain research? Try tokenization!

Academia letters, Aug 25, 2021

Structural Equation Modeling, Jan 13, 2011

Erstellung eines Rahmenmodells

DUV eBooks, Oct 18, 2007

Aufbau und Ablauf der quantitativen Erhebungen

DUV eBooks, Oct 18, 2007

Defining the Internet of Value

Springer eBooks, 2022

Social Science Research Network, May 1, 2018

Information, Jun 10, 2022

Future Internet, May 26, 2022

Electronic Markets, Aug 2, 2022

Blockchain and Distributed Ledger Technology Use Cases: Applications and Lessons Learned,, 2020

Frontiers in blockchain, May 16, 2019

Springer eBooks, 2022

In this paper, we investigate the following research questions: How will token offerings impac... more In this paper, we investigate the following research questions:

How will token offerings impact the economy
–– from a business point of view?
–– from a technical point of view?
–– from a legal point of view?

Daten- und Informationsqualität: Auf dem Weg zur Information Excellence, 2011

Future Internet, Jul 19, 2021

International Journal of Operations & Production Management, 2025

Purpose-This impact pathways paper identifies drivers and barriers for digital product passport (... more Purpose-This impact pathways paper identifies drivers and barriers for digital product passport (DPP) applications in electronics supply chains and to derive future research pathways.

Methodology-39 interviews were conducted with three Original Equipment Manufacturers (OEMs) and their suppliers, customers, recycling partners, DPP service providers and an international standards organisation.

Findings-The results show the four key drivers for DPP adoption: improved decision making to transition towards a circular economy, ensuring regulatory compliance, improving transparency across the supply chain, and enhancing customer engagement. Four main barriers exist: developing and communicating the business case for DPP adoption, increased need for data, data standards and ensuring interoperability between systems, the extent of implementation effort needed and ensuring data security and integrity.

Originality/value-This is one of the earliest papers to concisely summarise the main drivers and barriers of DPP adoption and present a comprehensive research agenda for operations and supply chain management.

Reference Module in Social Sciences, 2025

In this chapter, we develop a framework that illustrates how the metaverse, a persistent multiuse... more In this chapter, we develop a framework that illustrates how the metaverse, a persistent multiuser environment that combines physical and digital elements, can enhance supply chain management and operations. We discuss its impact on five core activities: communication and collaboration, data analytics and planning, manufacturing and maintenance, logistics and transportation, and, finally, warehousing and inventory management. Additionally, the metaverse can strengthen relationships and skills by interacting with suppliers, engaging customers, and enhancing employees' skills. Finally, it can improve important supply chain properties: resilience, visibility and transparency, and sustainability. We conclude this chapter with recommendations for researchers, managers, and policymakers.

Journal of Innovation & Knowledge, 2024

Empirical studies based on detailed, theory-based analyses are essential for a deep understanding... more Empirical studies based on detailed, theory-based analyses are essential for a deep understanding of technology adoption. This study provides an overview of blockchain applications in logistics management, employing a comprehensive theoretical framework. Blockchain is considered a critical digital infrastructure for logistics operations due to its distinctive characteristics, including decentralization, transparency, immutability, real-time information sharing, reliability, and end-to-end visibility. These characteristics address many contemporary logistics challenges. The study introduces a research model that integrates the fit-viability model (FVM) and task technology fit theory (TTF), demonstrating blockchain's suitability for enhancing logistics operational functions and sustainability performance. To validate the model, data were collected from logistics managers of 576 companies and analyzed using partial least squares (PLS) regression. This research offers valuable insights for managers, policymakers, and decision-makers on practical challenges and potential solutions in logistics through the application of blockchain. Furthermore, the study demonstrates that the implementation of blockchain can improve the alignment, resilience, transparency, integration, and sustainability of logistics tasks.

Comprehensive Reviews in Food Science and Food Safety, 2024

Although several food-related fields have yet to fully grasp the speed and breadth of the fourth ... more Although several food-related fields have yet to fully grasp the speed and breadth of the fourth industrial revolution (also known as Industry 4.0), growing literature from other sectors shows that Industry 5.0 (referring to the fifth industrial revolution) is already underway. Food Industry 4.0 has been characterized by the fusion of physical, digital, and biological advances in food science and technology, whereas future Food Industry 5.0 could be seen as a more holistic, multidisciplinary, and multidimensional approach. This review will focus on identifying potential enabling technologies of Industry 5.0 that could be harnessed to shape the future of food in the coming years. We will review the state-of-the-art studies on the use of innovative technologies in various food and agriculture applications over the last 5 years. In addition, opportunities and challenges will be highlighted, and future directions and conclusions will be drawn. Preliminary evidence suggests that Industry 5.0 is the outcome of an evolutionary process and not of a revolution, as is often claimed. Our results show that regenerative and/or conversational artificial intelligence, the Internet of Everything, miniaturized and nanosensors, 4D printing and beyond, cobots and advanced drones, edge computing, redactable blockchain, metaverse and immersive techniques, cyber-physical systems, digital twins, and sixth-generation wireless and beyond are likely to be among the main driving technologies of Food Industry 5.0. Although the framework, vision, and value of Industry 5.0 are becoming popular research topics in various academic and industrial fields, the agri-food sector has just started to embrace some aspects and dimensions of Industry 5.0.

International Journal of Information Management, 2024

This paper explores the dynamics between value-added services, intermediary brands, and consumer ... more This paper explores the dynamics between value-added services, intermediary brands, and consumer privacy concerns in shaping attitudes toward blockchain-enabled consumer services. Grounded in the Antecedents-Privacy Concerns-Outcomes (APCO) framework, we develop a theoretical model that we test in three experimental studies with a total of 1613 participants, utilizing verbal scenarios featuring blockchain applications for international money transfer and hotel booking. Our research reveals that complete disintermediation via pure peer-to-peer blockchain transactions is unlikely. Consumers prefer blockchain applications offering supplementary services like call centers, password assistance, and cancellation options. As consumers become familiar with blockchain technology, privacy concerns intensify due to its distributed and immutable storage. The fears of data breaches are more pronounced when blockchain applications are offered by unknown startups as opposed to well-known Big Tech companies. However, privacy-conscious consumers also value the prospect of distancing themselves from big-data ecosystems by embracing blockchain solutions from startups. Our research extends the APCO framework by clarifying how privacy concerns, brand-based heuristics, and technological attributes interact. For managerial implications, blockchain applications necessitate re-intermediation to meet consumer preferences. Potential intermediaries, including Big Tech firms, startups, and industry incumbents, face unique challenges in developing and marketing blockchain-enabled consumer services.

Sustainability, 2024

The visitor economy is responsible for a substantial percentage of the global carbon footprint. T... more The visitor economy is responsible for a substantial percentage of the global carbon footprint. The mechanisms used to decarbonize it are insufficient, and the industry is relying on carbon trading with substandard credits that allow businesses to outsource the responsibility to decarbonize. We aim to transform carbon markets, help finance climate investments, and support decarbonization strategies. We identify and define the problem, outline the components and their interactions, and develop a conceptual model to transform carbon markets. The new, blockchain-based Carbon Tokenomics Model rolls out a decentralized database to store, trade, and manage carbon credits, with the goal of enabling sustainable climate finance investment. We outline the criteria needed for an industry-wide carbon calculator. We explain the process needed to increase rigor in climate investments in the visitor economy and introduce a delegated Proof of Commitment consensus mechanism. Our inclusive and transparent model illustrates how to reduce transaction costs, and how to build consumer and industry trust, generating much-needed investments for decarbonization.

Blockchain in Healthcare Today, 2024

The proper management of healthcare data is a complex endeavor that needs to balance the requirem... more The proper management of healthcare data is a complex endeavor that needs to balance the requirements and interests of many stakeholders. In this paper, we present the findings from a panel discussion with healthcare professionals and academics, who elaborate on the current situation in healthcare data management as well as the future role that blockchain could play in this sector. Based on the findings of this panel, we structure the research field of healthcare data management and provide numerous avenues for future research. The outcome is a framework that highlights the important role of healthcare data and puts them into context. From a patients’ perspective, we specifically elaborate on trust and privacy as well as the expected benefits. Additionally, four important data aspects are identified: integrity, security, interoperability and, finally, sharing and transfer. We also outline the importance of current problems and derive several relevant and timely research questions that build the foundation of a research agenda for blockchain-driven innovation in healthcare data management. In summary, the framework will make practitioners aware of blockchain’s potential in healthcare and structures the area for researchers, who are called upon to investigate the respective topics in more detail.

Digital Business, 2024

The TikTok platform has become widely popular among younger generations and has influenced variou... more The TikTok platform has become widely popular among younger generations and has influenced various industries and aspects of life. This systematic literature review, using bibliometric methods, aims to examine the evolution of TikTok research from its initial development to its current status. A total of 402 journal articles from 2019 to 2022 were systematically selected from the Web of Science Core Collection. Descriptive statistical analysis identified the most contributing academic institutions, nations, journals, scholars, and influential studies. Using CiteSpace, three visualization types were implemented: cluster views, timezone views, and timeline views. The study results indicate that several TikTok research clusters exist, which summarize important topics such as the platform's overall impact on society, politics, culture, as well as human-centric issues such as social attachment, functional tics, and their implications for public health. According to the co-word analysis, TikTok research revolves around body consciousness, social behavior, consumer behavior, and news media. The comprehensive mapping of TikTok research provides valuable insights into the current state of knowledge and identifies numerous relevant technical and social areas for future investigation. As the first bibliometric review of TikTok research, this study offers an important foundation for future scholarly inquiry in various areas.

Journal of Business Logistics, 2023

Blockchain technology has been suggested as a groundbreaking solution for disaster prevention and... more Blockchain technology has been suggested as a groundbreaking solution for disaster prevention and relief. However, there is a dearth of both practical applications and systematic academic research into how those existing blockchain solutions actually help to prevent disasters and/or alleviate their negative impacts. The purpose of this paper is to extend previous research by investigating existing blockchain solutions using a rigorous multiple case study approach. Based on stakeholder theory, a structured framework is developed that examines the roles of key stakeholders in disaster situations, illustrates organizations' motivations to deploy blockchain technology, identifies various use cases, lists the relevant blockchain properties, and highlights contingency factors for successful implementations. The findings demonstrate that blockchain applications can improve both disaster prevention as well as disaster relief efforts by streamlining information flows and augmenting the capabilities of core stakeholders. Furthermore, numerous propositions can be derived from the framework that can be used as starting points for further in-depth investigations. This study familiarizes practitioners with blockchain's potential for disaster management and provides academics with a theory-based foundation for future research.

Blockchain: Research and Applications, 2023

Amplify, 2023

Blockchain, a complex technology, and sustainability, an abstract concept, have two things in com... more Blockchain, a complex technology, and sustainability, an abstract concept, have two things in common: they are fairly comprehensive and vaguely defined. To understand how the former can impact the latter, core terms and existing trade-offs must be properly explained, and all positive or negative blockchain sustainability implications must be carefully evaluated. The good news is that inspiring examples exist to demonstrate how blockchain can foster positive aspects of sustainability.

Journal of Global Information Management, 2011

Individuals have to disclose personal information in order to utilize the manifold options of the... more Individuals have to disclose personal information in order to utilize the manifold options of the Internet. Online users frequently trade data for benefits (privacy calculus). Trust in both the Internet and the vendor has been identified as an important antecedent to disclosing personal information online. We introduce the perceived risk of disclosing specific data types as an additional factor in the field of study. The results from a survey in three countries (Austria, Australia and Hong Kong) show that the perceived risk of disclosing personal information is a stronger stimulus for the intention to provide personal information than having trust in the Internet or in the online vendor. We find several significant differences in the relationships between the perceived risk of disclosing personal information, trust and the willingness to disclose personal information. The overall fit of the model is better for the Western countries than it is for Hong Kong.

Journal of Decision Systems, 2023

Blockchain can enable small countries to overcome systemic constraints and strengthen their econo... more Blockchain can enable small countries to overcome systemic constraints and strengthen their economies. Based on dynamic capabilities theory, we develop a conceptual framework that explores the applicability of blockchain for fostering economic development. Specifically, we postulate that the agent’s role in dynamic capabilities theory can be extended from the organisation level to the country level. Our proposed framework integrates blockchain as an economic driver and dynamic capabilities on higher-order and lower-order levels (i.e., business and investment development, human capital development, financial system enhancement, regulatory framework improvement, and systems and infrastructure improvement) to show their impacts on different aspects of economic development. International regulatory and political factors serve as moderators that determine whether a national blockchain-based strategy will ultimately be successful. In summary, we illustrate how blockchain as an enabler of dynamic capabilities can contribute to a small country’s economic development.

European Journal of Innovation Management, 2023

Purpose - Crowdfunding (CF) has become an increasingly popular means of financing for entrepreneu... more Purpose - Crowdfunding (CF) has become an increasingly popular means of financing for entrepreneurs and has attracted significant attention from both researchers and practitioners in recent years. The purpose of this study is to investigate the core content and knowledge diffusion paths in the CF field. Specifically, we aim to identify the main topics and themes that have emerged in this field and to trace the evolution of CF knowledge over time.

Design/methodology/approach - This study employs co-word clustering and main path analysis (MPA) to examine the historical development of CF research based on 1,528 journal articles retrieved from the Web of Science Core Collection database.

Findings - The results of the analysis reveal that CF research focuses on seven themes: sustainability, entrepreneurial finance, entrepreneurship, fintech, social entrepreneurship, social capital, and microcredits. The analysis of the four main paths reveals that equity CF has been the dominant topic in the past years. Recently, CF research has tended to focus on topics such as fintech, the COVID-19 pandemic, competition, Brexit, and policy response.

Originality/value - To the authors' best knowledge, this is the first attempt to explore knowledge diffusion dynamics in the CF field. Overall, the study offers a structure for analyzing the paths through which knowledge is diffused, enabling scholars to effectively manage a large volume of research papers and gain a deeper understanding of the historical, current, and future trends in the development of CF.

Production Planning & Control, 2023

Agricultural commodity supply chains are characterized by the involvement of multiple intermediar... more Agricultural commodity supply chains are characterized by the involvement of multiple intermediaries, lack of access to finance and poor financial conditions of farmers. Additionally, there exist numerous inefficiencies and a lack of transparency in the trading processes. Blockchainenabled supply chain finance (SCF) solutions can potentially help to overcome these problems. However, there is limited research on the process of developing and implementing such solutions and the potential consequences of their implementation. In this paper, we apply the Context-Intervention-Mechanism-Outcome (CIMO) framework to systematically analyze case studies of four firms that have developed blockchain-enabled SCF solutions in agricultural commodity supply chains. The findings show that blockchain-enabled SCF solutions can reduce different types of transaction costs such as costs associated with information search, negotiation and contracting costs, and costs of accessing finance. The solutions designed with the core objective of improving the financial conditions of farmers will differ from those with the core objective of reducing process inefficiencies. The findings of the study will benefit companies planning to develop and implement blockchain-enabled SCF solutions, by highlighting operational challenges and offering concrete solutions on how they can be overcome.

Information, 2023

The metaverse represents an immersive digital environment that has garnered significant attention... more The metaverse represents an immersive digital environment that has garnered significant attention as a result of its potential to revolutionize various industry sectors and its profound societal impact. While academic interest in the metaverse has surged, a dearth of comprehensive review articles employing bibliometric techniques remains. This study seeks to address this gap by analyzing 595 metaverse-related journal articles using bibliometric and topic modeling techniques, marking the first of its kind to investigate the bibliometric profile of metaverse research. The findings reveal exponential growth in metaverse research since 2020, identifying major trends, prolific authors, and the most active journals in the field. A keyword co-occurrence analysis further uncovers four sig-nificant clusters of metaverse-related interests, highlighting its unique facets and underscoring its far-reaching implications across various sectors, including education, healthcare, retail, and tour-ism. This study emphasizes the need for more research and collaboration in advancing the metaverse field and presents 27 research questions for future investigation. This comprehensive analysis serves as a foundation for understanding the current state of metaverse research and its potential trajectory.

Supply Chain Management, 2023

Purpose Academics and practitioners have long acknowledged the potential of multi-agent systems (... more Purpose
Academics and practitioners have long acknowledged the potential of multi-agent systems (MAS) to automate and autonomize decision-making in logistics and supply chain networks. Despite the manifold promises of MAS, industry adoption is lagging behind, and the exact benefits of these systems remain unclear. This study fills this knowledge gap by analyzing 11 specific MAS use cases, highlighting their benefits, clarifying how they can help enhance logistics network resilience, and identifying existing barriers.

Design/methodology/approach
A three-stage Delphi study was conducted with 18 industry experts. In the first round, these experts identified 11 use cases of MAS and their potential benefits, as well as any barriers that could hinder their adoption. In the second round, they assessed the identified use cases with regard to their potential to enhance logistics network resilience and improve organizational productivity. Furthermore, they estimated the complexity of MAS implementation. In the third round, the experts reassessed their evaluations in light of the evaluations of the other study participants.

Findings
This study proposes 11 specific MAS use cases and illustrates their potential for increasing logistics network resilience and enhancing organizational performance due to autonomous decision-making in informational processes. Furthermore, this study discusses important barriers for MAS, such as lack of standardization, insufficient technological maturity, soaring costs, complex change management, and a lack of existing use cases. From a theoretical perspective, it is shown how MAS can contribute to resilience research in supply chain management.

Practical implications
The identification and assessment of diverse MAS use cases informs managers about the potential of this technology and the barriers that need to be overcome.

Originality
This study fills a gap in the literature by providing a thorough and up-to-date assessment of the potential of MAS for logistics and supply chain management. This is the first study to investigate the relevance of MAS for logistics network resilience using the Delphi method.

Journal of Strategic Marketing, 2023

Augmented reality presents numerous opportunities and challenges for marketers to enrich the reta... more Augmented reality presents numerous opportunities and challenges for marketers to enrich the retail shopping experience. Although the technology is well established, practical marketing applications are rare, and the existing literature is unstructured. We conduct a systematic literature review with the goal of synthesizing the latest developments in the field and developing research propositions. We analyze 91 papers and identify four major enablers of AR in retail marketing: enhancement of the consumer experience, improvement of the customer-brand relationship, support of marketing activities, and promotion of marketing competitiveness. The challenges of AR adoption in marketing include technical limitations, consumer-oriented challenges, technological immaturity, and organizational challenges.

International Journal of Logistics Research and Applications, 2023

This study examines the potentials and challenges of drones, or unmanned autonomous vehicles (UAV... more This study examines the potentials and challenges of drones, or unmanned autonomous vehicles (UAVs), in supply chain management (SCM) and logistics. A systematic literature review was performed to capture the dynamics surrounding drones and to provide a timely and comprehensive overview of what has been studied so far and what needs to be investigated in the future. 55 publications were selected and thoroughly analysed. The findings of this study illustrate that the potential strengths of applying drones in SCM and logistics are: (1) support of humanitarian logistics, (2) reduced delivery time, (3) reduced cost, (4) improved flexibility, and (5) increased sustainability. In addition, the challenges posed by drones in SCM and logistics are grouped into technical, organisational, safety-related, and regulatory issues. This study also investigates real-life drone deployments in SCM and logistics and sets forth an agenda for future research.

Circular Economy and Sustainability, 2023

The onset of the Coronavirus Disease 2019 (COVID-19) pandemic has resulted in a major crisis that... more The onset of the Coronavirus Disease 2019 (COVID-19) pandemic has resulted in a major crisis that has severely impacted numerous economic, environmental, and social aspects of human life. During the pandemic, the potential of the circular economy (CE) has gained increasing attention as a prospective remedy for numerous sustainability problems. This systematic literature review charts CE research in the COVID-19 era. To this end, 160 journal articles were selected from the Scopus database. The performance indicators of the literature were determined and described through a bibliometric analysis. Moreover, the conceptual structure of CE research was identified via a keyword co-occurrence network. Based on bibliographic coupling, the focus of CE research in the COVID-19 era revolves mainly around five thematic areas, including: (1) waste management; (2) digitalization and sustainable supply chain management; (3) the impact of COVID-19 on food systems; (4) sustainable development goals, smart cities, and bioeconomy; and (5) closed-loop supply chains. Overall, this review contributes to enriching the literature by determining the main thematic areas and future research directions that can help to advance the transition to the CE and reduce the impact of COVID-19 and similar disasters in the future.

58nd Hawaii International Conference on System Sciences (HICSS), 2025

Technological and organizational barriers can be significant obstacles to adopting blockchain tec... more Technological and organizational barriers can be significant obstacles to adopting blockchain technology in enterprises. Its introduction regularly creates complex interdependencies and poses a challenge to aligning business processes and information technology. Therefore, it is essential to consider the adoption impact from a technical perspective and take the strategic implications into account. To achieve this, we propose a novel domain-specific extension of the well-established Balanced Scorecard method that explicitly considers blockchain-related aspects on the strategic level of organizations. The application of this method is demonstrated with the help of an industry use case. Practitioners will benefit from adopting the proposed approach and following the described guidelines since it helps them to identify appropriate goals and measures. This paper encourages further efforts in the field of strategic management research and the
alignment of blockchain technology and business processes.

21st EurOMA Conference: Operations Management in an Innovation Economy, 2014

In order to cope with increasingly volatile market conditions, companies are striving to build su... more In order to cope with increasingly volatile market conditions, companies are striving to build supply chains which are able to withstand significant disruptions. Even though by its very nature supply chain resilience is a topic which is deeply rooted in the industry, academia has provided valuable findings, e.g. by creating frameworks and systematically structuring the domain. In order to advance as a research field, it is crucial to incorporate supply chain resilience into existing theories which subsequently allows for further refinement and empirical testing. We illustrate how this can be achieved by using Grounded Theory.

The Physical Internet (PI) is a holistic Supply Chain Management (SCM) concept that merges many r... more The Physical Internet (PI) is a holistic Supply Chain Management (SCM) concept that merges many relevant areas of current SCM research, including sustainability, effectiveness and efficiency of global value chains, information flows, as well as horizontal and vertical collaboration. Given the increasing attention the PI is receiving from academics and practitioners—evidenced by a steadily growing number of publications, dedicated conferences and substantial funding opportunities—it is important to clearly define the domain, summarize current research and provide directions for future research. In this paper, we therefore present the state-of-the-art of the PI and highlight important research opportunities. The PI covers many different aspects of SCM, which can be seen as either a weakness or a strength of this concept. We believe that the latter is more pronounced and that valuable synergies can be achieved if SCM researchers keep the ‘big picture’ in mind, which in this case is the optimization of the total supply chain, including all participating companies, third parties and externalities. We conduct a systematic literature review and work out the most important components, performance indicators, goals, opportunities and challenges of the PI, which supports future incremental and rigorous research. We also provide several important directions for future research.

International Journal of Logistics Management (IJLM), 2020

Purpose-The physical internet (PI) is an emerging logistics and supply chain management (SCM) con... more Purpose-The physical internet (PI) is an emerging logistics and supply chain management (SCM) concept that draws on different technologies and areas of research, such as the Internet of Things (IoT) and key performance indicators, with the purpose of revolutionizing existing logistics and SCM practices. The growing literature on the PI and its noteworthy potential to be a disruptive innovation in the logistics industry call for a systematic literature review (SLR), which we conducted that defines the current state of the literature and outlines future research directions and approaches. Design/methodology/approach-The SLR that was undertaken included journal publications, conference papers and proceedings, book excerpts, industry reports and white papers. We conducted descriptive, citation, thematic and methodological analyses to understand the evolution of PI literature. Findings-Based on the literature review and analyses, we proposed a comprehensive framework that structures the PI domain and outlines future directions for logistics and SCM researchers. Research limitations/implications-Our research findings are limited by the relatively low number of journal publications, as the PI is a new field of inquiry that is composed primarily of conference papers and proceedings. Originality/value-The proposed PI-based framework identifies seven PI themes, including the respective facilitators and barriers, which can inform researchers and practitioners on future potentially disruptive SC strategies.

The impact of blockchain on the aviation industry: Findings from a qualitative study

Research in Transportation Business & Management, 2021

The aviation industry is searching for innovative solutions to boost its business in a sector tha... more The aviation industry is searching for innovative solutions to boost its business in a sector that operates on a financial knife-edge driven by fierce competition. This paper seeks to identify how blockchain, an immutable and append-only data ledger, can impact the aviation industry. This study presents the results from 18 interviews with industry experts. Text mining and a thematic data analysis were combined to investigate the likelihood of the airline industry adopting a disruptive technology that has the potential to affect various stakeholders and replace current platforms. The connection between the key terms and emergent themes is visualised and discussed in detail. The current attitude as well as the expectations and uncertainties of the aviation industry towards blockchain are systematised. The five core topics determining the adoption of blockchain by the industry are specific adoption factors, the replacement of current centralised platforms, customer loyalty, adoption barriers and a general lack of awareness. All topics are discussed in detail, and concrete propositions for future academic research are put forward.