Permissionless and permissioned blockchain diffusion

摘要

This paper explores the barriers and drivers of diffusion associated with permissionless and permissioned blockchains, seeking to establish whether they are the same or different and whether barriers and drivers change over time. The study was undertaken in two stages: (i) interviews in 2016 that examine the barriers and drivers of diffusion; followed by (ii) a case study in 2019 of the Italian wine industry's permissioned blockchain. The results show that diffusion is reaching a final stage for permissionless blockchains but is lagging behind for permissioned blockchains due to the different barriers and drivers of diffusion.The implications from this study are that: (i) drivers and barriers for different types of technological innovation may be different and change over time; (ii) initial barriers may be surmounted and become features of the underlying technology; (iii) barriers may become drivers of a technology; (iv) drivers of one type of technology may spill-over to become drivers for another type; (v) diffusion may be measured by both the number of adoptions and the number of participants in that technology; (vi) off-chain processes may become a major barrier for permissioned blockchains; and finally (vii) self-interest may be the key driver of technological innovation.