![]() The paper provides a blueprint for business executives in their endeavor of embracing blockchain technology.Ĭrowdfunding gained momentum over the last few years. Our research is one of the first case studies in the area shedding light on the organizational challenges of incumbents as they engage with blockchain. We develop a framework illustrating how the process of discovering, incubating, and accelerating with blockchain can look like. We find that blockchain as an innovation is unique, because its transaction cost-lowering nature requires cooperation not only on an intra-organizational, but also on an inter-organizational level to fully leverage the technology. ![]() ![]() How should they respond to the advent of this innovative technology, and how can they build the capabilities that are necessary to successfully engage with blockchain? In this case study, we analyze how an incumbent bank deals with the radical innovation of blockchain. However, blockchain presents incumbent organizations with significant challenges. Blockchain is an emerging technology that is perceived as groundbreaking.
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