Opportunities and Challenges of Blockchain Technology for Negotiation Support Systems
Bibliographic Data
| ID | 21585118 |
|---|---|
| Authors | Josepha Witt (0000-0001-7668-4902, University of Hohenheim, corresponding author), Mareike Schoop (0000-0002-2232-9929, University of Hohenheim), Konstantin Knaus (University of Hohenheim) |
| Year | 2025 |
| Volume | 34 |
| Issue | 2 |
| Pages | 373-403 |
| Publication date | 2025-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Group Decision and Negotiation (JOURNAL) |
| Journal identifiers | ISSN: 0926-2644 • E-ISSN: 1572-9907 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s10726-024-09916-7 |
| OpenAlex | W4406163064 |
| Language | EN |
| Citations received | 1 |
| References cited | 94 |
Blockchain Technology (BCT) is the backbone of the next generation of the internet and thus affects how electronic business (e-business) is conducted. While the usage of BCT for the initiation and transaction phases in e-business has been studied, the negotiation aspect has not been considered in a comprehensive manner. The current literature on the utilisation of BCT in electronic negotiations (e-negotiations) primarily focuses on autonomous agents and lacks research on the support of e-negotiations conducted by human negotiators using negotiation support systems (NSSs). This results in the issue that the consequences of a transition to Web3.0-based NSSs are unclear, while other areas of e-business already apply Web3.0 technologies. We address this lack of knowledge following a design-oriented approach in three steps exploring the opportunities and challenges of using BCT for e-negotiations via NSSs. Firstly, the well-established negotiation support system Negoisst is extended by BCT features resulting in the development of a Web3.0-based NSS called NegoisstBCT to demonstrate the technical feasibility of this approach. Secondly, the potential opportunities and challenges of a Blockchain-based NSS are analysed referring to its technical architecture. Thirdly, a generalised view of the application of Web3.0-based NSSs in different settings is taken, discussing future research on BCT in e-negotiations. The present research thus fosters the application of Blockchain-based NSSs in e-negotiations and of NSSs in BCT application areas
Blockchain · Business · Computer security · Knowledge management · Negotiation · Political science · Process management · Blockchain Technology Applications and Security · Computer Science · Digital Platforms and Economics · Sharing Economy and Platforms
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |