Although a blockchain has the potential to redefine value creation, delivery and capture activities in organisations, research on business model innovation from a blockchain perspective is still developing. This paper provides an analysis of literature on the use of blockchain in business model innovation. This analysis reconciles the technological and management perspectives to explore blockchain technology characteristics in relation to benefits and risks for business models. The findings contribute to the emerging stream of research discussing the business implications of innovative technologies, describing how blockchain networks can have an impact on business processes.