{"quality_controlled":"1","jel":["D47","D82","D81","E42"],"type":"conference","publication_status":"published","status":"public","date_created":"2023-12-18T12:55:32Z","abstract":[{"lang":"eng","text":"Reputation is indispensable for online business since it supports customers in their buying decisions and\r\nallows sellers to justify premium prices. While IS research has investigated reputation systems mainly\r\nas review systems on online platforms for business-to-consumer (B2C) transactions, no proper solutions\r\nhave been developed for business-to-business (B2B) transactions yet. We use blockchain technology to\r\npropose a new class of reputation systems that apply ratings as voluntary bonus payments: Before a\r\ntransaction is performed, customers commit to pay a bonus that is granted if a service provider has\r\nperformed a service properly. As opposed to rival reputation systems that build on cumulated ratings\r\nor reviews, our system enables monetized reputation mechanisms that are inextricably linked with online\r\ntransactions. We expect this system class to provide more trustworthy ratings, which might reduce\r\nagency costs and serve quality providers to establish a reputation towards new customers, building on\r\nsecond-order trust."}],"conference":{"location":"Kristiansand"},"user_id":"83557","title":"Business Reputation Systems based on Blockchain Technology—A Risky Advance","date_updated":"2024-04-15T13:33:21Z","publication":"Proceedings of 31st European Conference on Information Systems (ECIS 2023)","oa":"1","year":"2023","author":[{"id":"83557","first_name":"Simon","full_name":"Hemmrich, Simon","last_name":"Hemmrich"}],"citation":{"short":"S. Hemmrich, in: Proceedings of 31st European Conference on Information Systems (ECIS 2023), 2023.","chicago":"Hemmrich, Simon. “Business Reputation Systems Based on Blockchain Technology—A Risky Advance.” In <i>Proceedings of 31st European Conference on Information Systems (ECIS 2023)</i>, 2023.","ama":"Hemmrich S. Business Reputation Systems based on Blockchain Technology—A Risky Advance. In: <i>Proceedings of 31st European Conference on Information Systems (ECIS 2023)</i>. ; 2023.","bibtex":"@inproceedings{Hemmrich_2023, title={Business Reputation Systems based on Blockchain Technology—A Risky Advance}, booktitle={Proceedings of 31st European Conference on Information Systems (ECIS 2023)}, author={Hemmrich, Simon}, year={2023} }","apa":"Hemmrich, S. (2023). Business Reputation Systems based on Blockchain Technology—A Risky Advance. <i>Proceedings of 31st European Conference on Information Systems (ECIS 2023)</i>.","mla":"Hemmrich, Simon. “Business Reputation Systems Based on Blockchain Technology—A Risky Advance.” <i>Proceedings of 31st European Conference on Information Systems (ECIS 2023)</i>, 2023.","ieee":"S. Hemmrich, “Business Reputation Systems based on Blockchain Technology—A Risky Advance,” Kristiansand, 2023."},"keyword":["Trust","Risk","Reputation System","Blockchain Technology","Business Reputation System."],"_id":"49785","language":[{"iso":"eng"}],"main_file_link":[{"open_access":"1","url":"https://aisel.aisnet.org/ecis2023_rip/51/"}]}