Blockchains and the disruption of the sharing economy value chains

Kolade, O., Adepoju, D. and Adegbile, A. ORCID: 0000-0002-7400-6718, 2022. Blockchains and the disruption of the sharing economy value chains. SC: Briefings in Entrepreneurial Finance, 31 (1), pp. 137-145. ISSN 1943-2593

[img] Text
1497051_Adegbile.pdf - Post-print
Full-text access embargoed until 19 January 2023.

Download (312kB)

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

Item Type: Journal article
Publication Title: SC: Briefings in Entrepreneurial Finance
Creators: Kolade, O., Adepoju, D. and Adegbile, A.
Publisher: Wiley
Date: 19 January 2022
Volume: 31
Number: 1
ISSN: 1943-2593
Identifiers:
NumberType
10.1002/jsc.2483DOI
1497051Other
Divisions: Schools > Nottingham Business School
Record created by: Jonathan Gallacher
Date Added: 26 Jan 2022 16:38
Last Modified: 26 Jan 2022 16:38
URI: http://irep.ntu.ac.uk/id/eprint/45422

Actions (login required)

Edit View Edit View

Views

Views per month over past year

Downloads

Downloads per month over past year