Understanding Blockchain Technology: Centering Resonance Analysis

Abstract

The increasing worldwide demands for innovation have augmented the adoption of disruptive technologies such as blockchain for industrial and organizational developments. Blockchain technology has been gaining much interest and has developed to be a fundamental aspect of organizations and one of the most dominant topics in recent academic research. This study attempts to identify the underpinnings of blockchain technologies and the reasoning behind this disruptive innovation. This study uses centering resonance analysis to develop an empirically grounded understanding of the logic for blockchain technologies beyond the obvious, through secondary archived data. Through the content analysis of 172 peer-reviewed published articles, the authors decode seven themes (i.e., politics, performance, added-value, datafication, digital revolution, robotics, and security) through three theoretical frameworks: economic, innovative, and societal perspectives.