Abstract
As the Blockchain gains prominence as a disruptive technology, there has been a rapid growth in the number of decentralized applications (dApps) built on them. Despite the growing number and importance of dApps, we still know very little about the success factors surrounding such applications. While the existing research is primarily focused on the creation and development of dApps, very little research is dedicated to the challenges from dApps developers’ perspective. We addressed these issues in the paper by collecting data by means of individual discussions with technical people. The purpose of this collection is to map, classify, and describe the challenges surrounding dApps to help organizations make adequate decisions regarding decentralized applications’ development and promotion. We identified five dimensions of challenges and proposed a framework to describe dApps management and highlight how identified factors influence such applications’ adoption.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Pinna, A., Baralla, G., Lallai, G., Marchesi, M., Tonelli, R.: Design of a sustainable blockchain-oriented software for building workers management. Front. Blockchain 3 (2020)
Nakamoto, S.: Bitcoin: a peer-to-peer electronic cash system. SSRN Electron. J. (2008)
Zheng, Z., Xie, S., Dai, H.N., Chen, X., Wang, H.: Blockchain challenges and opportunities: a survey. Int. J. Web Grid Serv. 14, 352 (2018)
Chiu, W.-Y., Meng, W.: DevLeChain - an open blockchain development platform for decentralized applications. In: 2022 IEEE International Conference on Blockchain (Blockchain) (2022)
Teisserenc, B., Sepasgozar, S.M.: Software architecture and non-fungible tokens for digital twin decentralized applications in the built environment. Buildings 12, 1447 (2022)
Hainey, T., Baxter, G.: Selecting a software or games development life cycle methodology. Writing Successful Undergraduate Dissertations in Games Development and Computer Science, pp. 98–110 (2022)
Dao, T.C., Nguyen, B.M., Do, B.L.: Challenges and strategies for developing decentralized applications based on blockchain technology. In: Barolli, L., Takizawa, M., Xhafa, F., Enokido, T. (eds.) Advanced Information Networking and Applications. AINA 2019. AISC, vol. 926, pp. 952–962. Springer, Cham (2020). https://doi.org/10.1007/978-3-030-15032-7_80
Ray, P.P.: WEB3: a comprehensive review on background, technologies, applications, zero-trust architectures, challenges and future directions. Internet Things Cyber-Phys. Syst. 3, 213–248 (2023)
Gioia, D.A., Corley, K.G., Hamilton, A.L.: Seeking qualitative rigor in inductive research: notes on the Gioia methodology. Organ. Res. Methods 16, 15–31 (2013)
Rikken, O., Janssen, M., Kwee, Z.: Governance challenges of blockchain and decentralized autonomous organizations. Inf. Polity 24, 397–417 (2019)
König, L., Korobeinikova, Y., Tjoa, S., Kieseberg, P.: Comparing blockchain standards and recommendations. Future Internet 12, 222 (2020)
Di Francesco Maesa, D., Mori, P.: Blockchain 3.0 applications survey. J. Parallel Distrib. Comput. 138, 99–114 (2020)
Shrivas, M.: The disruptive blockchain: types, platforms and applications. Texila Int. J. Acad. Res. 17–39 (2019)
Garriga, M., Arias, M., De Renzis, A.: Blockchain and cryptocurrency: a comparative framework of the main architectural drivers. In: Proceedings of Sample Conference (2018)
Min, T., Cai, W.: Portrait of decentralized application users: an overview based on large-scale ethereum data. CCF Trans. Pervasive Comput. Interact. 4, 124–141 (2022)
Antal, C., Cioara, T., Anghel, I., Antal, M., Salomie, I.: Distributed ledger technology review and decentralized applications development guidelines. Future Internet 13, 62 (2021)
Zeng, Y., Zhang, Y.: Review of research on blockchain application development method. J. Phys. Conf. Ser. 1187, 052005 (2019)
Khan, S.N., Loukil, F., Ghedira-Guegan, C., Benkhelifa, E., Bani-Hani, A.: Blockchain smart contracts: applications, challenges, and future trends. Peer-to-Peer Netw. Appl. 14, 2901–2925 (2021)
Wu, K., Ma, Y., Huang, G., Liu, X.: A first look at blockchain‐based decentralized applications. Softw. Pract. Exp. 51, 2033–2050 (2019)
Zheng, P., Zheng, Z., Wu, J., Dai, H.-N.: On-chain and off-chain blockchain data collection. Blockchain Intell. 15–39 (2021)
Singh, S.: An introduction to “on-chain” analysis. https://www.blockstar.ch/post/an-introduction-to-on-chain-analysis/. Accessed 26 Dec 2022
Soares, R., Araújo, A., Rodrigues, G., Alencar, C.: Streaming platforms based on blockchain technology: a business model impact analysis. In: Latifi, S. (ed.) ITNG 2023 20th International Conference on Information Technology-New Generations. ITNG 2023. AISC, vol. 1445, pp. 143–149. Springer, Cham (2023). https://doi.org/10.1007/978-3-031-28332-1_17
Tang, X., Guo, H., Li, H., Yuan, Y., Wang, J., Cheng, J.: A DAPP business data storage model based on blockchain and IPFS. In: Sun, X., Zhang, X., Xia, Z., Bertino, E. (eds.) Artificial Intelligence and Security. ICAIS 2021. LNCS, vol. 12737, pp. 219–230. Springer, Cham (2021). https://doi.org/10.1007/978-3-030-78612-0_18
Hepp, T., Sharinghousen, M., Ehret, P., Schoenhals, A., Gipp, B.: On-chain vs. off-chain storage for supply- and blockchain integration. it – Inf. Technol. 60, 283–291 (2018)
Pabst, M.: General Data Protection Regulation (GDPR) – Official Legal Text, General Data Protection Regulation (GDPR). https://gdpr-info.eu/. Accessed 26 Dec 2022
Lopez-Pimentel, J.C., Rojas, O., Monroy, R.: Blockchain and off-chain: a solution for audit issues in supply chain systems. In: 2020 IEEE International Conference on Blockchain (Blockchain) (2020)
Zhang, S., Aerts, W., Lu, L., Pan, H.: Readability of token whitepaper and ICO first-day return. Econ. Lett. 180, 58–61 (2019)
Wan, Z., Xia, X., Lo, D., Chen, J., Luo, X., Yang, X.: Smart contract security: a practitioners’ perspective. In: 2021 IEEE/ACM 43rd International Conference on Software Engineering (ICSE) (2021)
Dubey, P.: Short-run and long-run determinants of bitcoin returns: transnational evidence. Rev. Behav. Financ. 14, 533–544 (2022)
Iconic Holding: Value drivers of leading cryptocurrencies. https://iconicholding.com/value-drivers-of-cryptocurrencies/. Accessed 17 Dec 2022
Wu, K.: An empirical study of blockchain-based decentralized applications. In: Proceedings of ACM Conference (Conference’17). ACM, New York (2019)
Kraken Intelligence Archives. https://blog.kraken.com/kraken-intelligence/. Accessed 25 Sep 2022
Moore, T., Han, J., Clayton, R.: The postmodern Ponzi scheme: empirical analysis of high-yield investment programs. In: Keromytis, A.D. (ed.) Financial Cryptography and Data Security. FC 2012. LNCS, vol. 7397, pp. 41–56. Springer, Berlin, Heidelberg (2012). https://doi.org/10.1007/978-3-642-32946-3_4
Jiang, X.-J., Liu, X.F.: Cryptokitties transaction network analysis: the rise and fall of the first blockchain game mania. Front. Phys. 9 (2021)
Tallon, P.P., Ramirez, R.V., Short, J.E.: The information artifact in IT governance: toward a theory of information governance. J. Manag. Inf. Syst. 30, 141–178 (2013)
Voshmgir, S.: Token economy: how the web3 reinvents the internet. BLOCKCHAINHUB BERLIN, S.l. (2020)
Kramarenko, A., Kvitka, A., Diachek, V., Davydov, D.: Cryptocurrencies in the global space: factors and prospects of promotion. In: SHS Web of Conferences, vol. 67, p. 06031 (2019)
Brickken Whitepaper. https://brickken.com/whitepaper/. Accessed 26 Nov 2022
Messari.io. Aave overview. https://messari.io/asset/aave/profile/technology. Accessed 16 Aug 2022
Delic, A.J., Delfabbro, P.H.: Profiling the potential risks and benefits of emerging “play to earn” games: a qualitative analysis of players’ experiences with Axie Infinity. Int. J. Ment. Health Addict. (2022)
Coinmarketcap. AAVE price today, AAVE to USD Live, marketcap and Chart. https://coinmarketcap.com/currencies/aave/. Accessed 26 Dec 2022
Alazab, M., Alhyari, S., Awajan, A., Abdallah, A.B.: Blockchain technology in supply chain management: an empirical study of the factors affecting user adoption/acceptance. Clust. Comput. 24, 83–101 (2020)
Li, Y.: Emerging blockchain-based applications and techniques. Serv. Oriented Comput. Appl. 13, 279–285 (2019)
Udokwu, C., Anyanka, H., Norta, A.: Evaluation of approaches for designing and developing decentralized applications on blockchain. In: Proceedings of the 2020 4th International Conference on Algorithms, Computing and Systems (2020)
Sanka, A.I., Irfan, M., Huang, I., Cheung, R.C.C.: A survey of breakthrough in blockchain technology: adoptions, applications, challenges and future research. Comput. Commun. 169, 179–201 (2021)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 IFIP International Federation for Information Processing
About this paper
Cite this paper
Gurzhii, A., Islam, N., Marella, V. (2023). Understanding the Challenges Surrounding Decentralized Applications: An Empirical Study. In: Janssen, M., et al. New Sustainable Horizons in Artificial Intelligence and Digital Solutions. I3E 2023. Lecture Notes in Computer Science, vol 14316. Springer, Cham. https://doi.org/10.1007/978-3-031-50040-4_21
Download citation
DOI: https://doi.org/10.1007/978-3-031-50040-4_21
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-50039-8
Online ISBN: 978-3-031-50040-4
eBook Packages: Computer ScienceComputer Science (R0)