ZARERAVASAN, Ahad, Michal KRČÁL and Ahad ASHRAFI. Blockchain and digital transformation of insurance business models. International Journal of Blockchains and Cryptocurrencies. SWITZERLAND: Inderscience Enterprises Ltd., 2021, vol. 2, No 3, p. 222-243. ISSN 2516-6425. Available from: https://dx.doi.org/10.1504/IJBC.2021.119883.
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Basic information
Original name Blockchain and digital transformation of insurance business models
Authors ZARERAVASAN, Ahad, Michal KRČÁL and Ahad ASHRAFI.
Edition International Journal of Blockchains and Cryptocurrencies, SWITZERLAND, Inderscience Enterprises Ltd. 2021, 2516-6425.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50204 Business and management
Country of publisher Switzerland
Confidentiality degree is not subject to a state or trade secret
WWW URL
Organization unit Faculty of Economics and Administration
Doi http://dx.doi.org/10.1504/IJBC.2021.119883
Keywords in English blockchain; business model; distributed ledger technology; digital transformation; insurance
Tags Blockchain, IT business value
Tags International impact, Reviewed
Changed by Changed by: Mgr. Pavlína Kurková, učo 368752. Changed: 7/3/2023 11:13.
Abstract
The blockchain has recently received significant attention from researchers and practitioners, highlighting its perceived impact and emerging disruption potential. However, most of the literature on blockchain is dedicated to the banking sector, with limited attention to other sectors and answering how blockchain technology may affect business models. This research examines how the adoption of blockchain technology transforms business model components in the insurance industry. We performed a qualitative research through a multi-case study analysis of three blockchain implementations in the insurance sector. Based on the data, we identified that blockchain technology has the potential to contribute to the digital transformation of business models in all aspects. This research provides insightful implications for blockchain and insurance relevant researchers and executives.
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