| dc.description.abstract | The focus of this master thesis was to research the advantages and limitations emerging from application of Blockchain in Interorganizational Relationships. Blockchain is an emerging technology that has several use cases for reasons such as providing a decentralized network platform, easy traceability of transactions and immutability for specific purposes (Braun-Dubler et al., 2020). Utilizing approaches and procedures from Grounded Theory, the author selected codes and categories that would enable further research of Blockchain implementation in IOR practices. The findings indicate that factors “consensus”, “collaboration”, “trust” and “governance structure” are considered important during evaluation of how Blockchain be implemented in Interorganizational Relationships to produce positive outcomes to all associated companies. IORs are to be understood as reciprocal relationships throughout the thesis. Programs associated with Blockchain like Smart Contracts allow better collaboration, information-sharing and overall opportunities for knowledge growth and innovation, which research suggests is vital for these companies (Kostić & Sedej, 2020). A guided framework was presented based on the findings with a modified Maslow’s pyramid. The pyramid permits easy understanding of identified needs defined as categories; however, the pyramid was upgraded to a continuous cycle as Blockchain network must adapt to the evolving Interorganizational Relationships and correlated changes in processes and activities. | |