Task:
This assessment task aims to research the future of Blockchain adoption and provide recommendations for managers, boards, and stakeholders for adopting Blockchain solutions with the understanding of the potential future scenarios.
Instructions
1. Download and Read the article: Centobelli, P., Cerchione, R., Esposito, E. and Oropallo, E., 2021. Surfing blockchain wave, or drowning?
Shaping the future of distributed ledgers and decentralized technologies. Technological Forecasting and Social Change, 165, p.120463.
https://doi.org/10.1016/j.techfore.2020.120463 (available from the library website).
2. Review the Gartner Hype Cycle on Blockchain (see here: https://www.gartner.com/en/newsroom/press-releases/2019-09-12-gartner-2019-
hype-cycle-for-blockchain-business-shows) (see also https://pages.chainstack.com/hype-cycle-for-blockchain-technologies-2020 and
https://blogs.gartner.com/avivah-litan/2021/01/13/3-blockbuster-blockchain-trends-in-2021/) – note the changes over the last few years
3. There are six clusters identified by Centobelli et al. (2021) relating to Blockchain:
a. Cluster 1: Basic applications
b. Cluster 2: Industry 4.0 applications
c. Cluster 3: Security & privacy applications
d. Cluster 4: Supply chain applications
e. Cluster 5: Financial applications
f. Cluster 6: Energy applications
Select one of the clusters and critically analyse the future of Blockchain for your chosen Cluster. Use evidence (scholarly articles) to support your views.
a. Using the Gartner Hype Cycle on Blockchain, do you agree with the analysis that ‘2021 is the year enterprise (permissioned)
blockchain begins its long climb out of the ‘trough of disillusionment’’? Use evidence (scholarly articles) to support your views.
4. Provide recommendations to management on whether their organisation should adopt Blockchain. Your recommendations should be supported by evidence (scholarly and other articles) from the previous components of your report. In your recommendation, state whether you
believe that Blockchain is hype or an opportunity.
Instructions
1. Download and Read the article: Centobelli, P., Cerchione, R., Esposito, E. and Oropallo, E., 2021. Surfing blockchain wave, or drowning?
Shaping the future of distributed ledgers and decentralized technologies. Technological Forecasting and Social Change, 165, p.120463.
https://doi.org/10.1016/j.techfore.2020.120463 (available from the library website).
2. Review the Gartner Hype Cycle on Blockchain (see here: https://www.gartner.com/en/newsroom/press-releases/2019-09-12-gartner-2019-
hype-cycle-for-blockchain-business-shows) (see also https://pages.chainstack.com/hype-cycle-for-blockchain-technologies-2020 and
https://blogs.gartner.com/avivah-litan/2021/01/13/3-blockbuster-blockchain-trends-in-2021/) – note the changes over the last few years
3. There are six clusters identified by Centobelli et al. (2021) relating to Blockchain:
a. Cluster 1: Basic applications
b. Cluster 2: Industry 4.0 applications
c. Cluster 3: Security & privacy applications
d. Cluster 4: Supply chain applications
e. Cluster 5: Financial applications
f. Cluster 6: Energy applications
Select one of the clusters and critically analyse the future of Blockchain for your chosen Cluster. Use evidence (scholarly articles) to support your views.
a. Using the Gartner Hype Cycle on Blockchain, do you agree with the analysis that ‘2021 is the year enterprise (permissioned)
blockchain begins its long climb out of the ‘trough of disillusionment’’? Use evidence (scholarly articles) to support your views.
4. Provide recommendations to management on whether their organisation should adopt Blockchain. Your recommendations should be supported by evidence (scholarly and other articles) from the previous components of your report. In your recommendation, state whether you
believe that Blockchain is hype or an opportunity.
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