Blockchain-based systems: What are the risks to the stakeholders?

  • D. Meulemans-Rangel Maia

Student thesis: Master's Thesis


The development in the utilization of Blockchain-based systems (BBS) is compared with the internet development in the early ’90s. In order to accelerate the adoption of the BBS, awareness of its risks should be developed. Even though previous studies have identified stakeholders and risks of BBS, there was no sufficient research associating the risks to the stakeholders. The work performed in this dissertation focused on filling this gap. It includes empirical research that has identified stakeholders and risks of BBS, confirming some results of previous studies.
Additionally, it has contributed with a framework, associating the risks to the stakeholders. The framework is developed using the template analysis technique to classify stakeholders and risks identified into categories. This research contributes to the research community by providing empirical research that extends the body of knowledge showing associations of the risks by stakeholders’ types involved in a BBS. This study also contributes to practitioners by providing the framework that can be used as guidance for risk assessments per type of stakeholders in a BBS.
Date of Award9 Feb 2022
Original languageEnglish
SupervisorGuy Janssens (Examiner) & Kees Tesselhof (Co-assessor)


  • Blockchain-based systems
  • risks
  • stakeholders

Master's Degree

  • Master Business Process management & IT (BPMIT)

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