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Blockchain futures: With or without Bitcoin?
Author(s) -
Kewell Beth,
Michael Ward Peter
Publication year - 2017
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2149
Subject(s) - blockchain , futures contract , context (archaeology) , payment , purchasing , business , selection (genetic algorithm) , economics , marketing , commerce , computer science , financial economics , computer security , finance , artificial intelligence , paleontology , biology
Blockchain technology is considered, in some quarters, to have outgrown its primary association with the Bitcoin payments ecosystem. This belief has fostered numerous predictions of blockchain futures, in which the Bitcoin ecosystem is largely absent. It is nevertheless wholly possible to imagine a future for blockchain in which Bitcoin plays a presiding role. In drawing attention to subtexts of this kind, expectations of the future can prove highly persuasive within the context of technology selection and adoption processes of the present, lending an invisible hand to the design of business models, while also guiding strategic choices and the purchasing decisions made by managers.