TY - JOUR
T1 - The value proposition of blockchain technologies and its impact on Digital Platforms
AU - Zutshi, Aneesh
AU - Grilo, Antonio
AU - Nodehi, Tahereh
N1 - Funding Information:
info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00667%2F2020/PT#
The research work of this paper has been partially funded by the project VORTAL INTER DATA (n° 038361).
© 2021 Elsevier Ltd
PY - 2021/5
Y1 - 2021/5
N2 - Since the last few years there has been a massive spurt of Research on Blockchain Technologies and several attempts at incorporating them for a myriad of Business Applications. Blockchain Technologies promised to bring about decentralized trust having the potential to disrupt digital ecosystems by providing alternatives to centralized storage and management of data. This has the potential to radically transform industries and services through new models of data storage, transparency, tracking, payment systems amongst other advantages. However, Blockchain Technology is designed to provide other Value Propositions beyond decentralized storage, such as innovative crypto economic and investment models and radical new forms of decentralized participative governance models that could lead to the evolution of new generation of Digital Platforms and multi stakeholder business interactions. In this paper, through a systematic literature review, we present a set of key Blockchain Value Propositions and a discussion on how it can complement to the evolution of Digital Platforms and the Collaborative Economy. We also argue that while some of the value propositions are easier to integrate with existing Digital Platforms, more disruptive value propositions such as Business Automation, Economic and Governance Models present greater challenges but could lead to not just innovation at the technological level, but also metamorphosis of the existing social, economic and governance models.
AB - Since the last few years there has been a massive spurt of Research on Blockchain Technologies and several attempts at incorporating them for a myriad of Business Applications. Blockchain Technologies promised to bring about decentralized trust having the potential to disrupt digital ecosystems by providing alternatives to centralized storage and management of data. This has the potential to radically transform industries and services through new models of data storage, transparency, tracking, payment systems amongst other advantages. However, Blockchain Technology is designed to provide other Value Propositions beyond decentralized storage, such as innovative crypto economic and investment models and radical new forms of decentralized participative governance models that could lead to the evolution of new generation of Digital Platforms and multi stakeholder business interactions. In this paper, through a systematic literature review, we present a set of key Blockchain Value Propositions and a discussion on how it can complement to the evolution of Digital Platforms and the Collaborative Economy. We also argue that while some of the value propositions are easier to integrate with existing Digital Platforms, more disruptive value propositions such as Business Automation, Economic and Governance Models present greater challenges but could lead to not just innovation at the technological level, but also metamorphosis of the existing social, economic and governance models.
KW - Blockchain
KW - Collaborative Economy
KW - Digital Platforms
KW - Review
KW - Value Proposition
UR - http://www.scopus.com/inward/record.url?scp=85102477381&partnerID=8YFLogxK
U2 - 10.1016/j.cie.2021.107187
DO - 10.1016/j.cie.2021.107187
M3 - Article
AN - SCOPUS:85102477381
SN - 0360-8352
VL - 155
JO - Computers & Industrial Engineering
JF - Computers & Industrial Engineering
M1 - 107187
ER -