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Blockchain: A New Disruptive Innovation for Knowledge Risk Management

In: Knowledge Risk Management

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  • Ethem Ilbiz

    (University of South Wales)

Abstract

This chapter aims to examine blockchainBlockchain technology, which is a disruptive innovationDisruptive innovation of recent years, in the context of knowledge risk management (KRM). It discusses how tacit knowledge of blockchain can be retained in organizations and integrated to production or service process. The chapter examines the KRM process in three knowledge retention stages, namely knowledge acquisition, knowledge transfer and knowledge integration. The core argument of this study is organizations intending to adopt blockchain should improve their KRM capacity before initiating this technology in their business process, whilst this technology is still in its nascent years. Otherwise, there is a huge knowledge managementKnowledge management riskRisk for them because they may lose their first-mover advantage against their competitors if they lose their knowledge assets. Their pioneering role can be seized by their rivals.

Suggested Citation

  • Ethem Ilbiz, 2020. "Blockchain: A New Disruptive Innovation for Knowledge Risk Management," Management for Professionals, in: Susanne Durst & Thomas Henschel (ed.), Knowledge Risk Management, pages 119-132, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-35121-2_8
    DOI: 10.1007/978-3-030-35121-2_8
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