Blockchains and the disruption of the sharing economy value chains

【Author】 Kolade, Oluwaseun; Adepoju, David; Adegbile, Abiodun

【Source】STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE

【影响因子】0.000

【Abstract】Against the backdrop of debates and rising public sentiments against Big Tech, this paper takes a conceptual approach to explore the possibilities for blockchain technologies to disrupt the governance of the sharing economy value chains. Unlike centralized trust systems employed by multisided digital platforms, blockchains employ a decentralized, open-source system. Data can be shared, verified, and monitored using a consensus mechanism across multiple nodes. We bring insights and discussions from the extant literature to elucidate two guiding principles of the sharing economy value chains: resource optimization and data monetization. Against this backdrop, we propose a conceptual framework that compares traditional digital platforms' governance mechanisms and value drivers with block-chained enabled platforms, where resource optimization and data monetization are driven by decentralized platform co-owners rather than single platform owners. We offer case illustrations to explicate this framework and how it signposts a new, disruptive model for the governance of the collaborative economy, especially in developing countries.

【Keywords】blockchain technology; data monetization; open-source systems; sharing economy; value chains

【发表时间】2022 JAN

【收录时间】2022-02-02

【文献类型】期刊

【主题类别】

区块链治理--