Blockchains and the disruption of the sharing economy value chains

Kolade, O, Adepoju, D and Adegbile, A ORCID: https://orcid.org/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

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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:	Number Type 10.1002/jsc.2483 DOI 1497051 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	26 Jan 2022 16:38
Last Modified:	19 Jan 2023 03:00
URI:	https://irep.ntu.ac.uk/id/eprint/45422

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