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How blockchain technologies impact your business model
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0002-2382-1712
KTH Royal Institute of Technology, Stockholm, Sweden.
School of Business & Technology, Webster University Geneva, Geneva, Switzerland.
2019 (English)In: Business Horizons, ISSN 0007-6813, E-ISSN 1873-6068, Vol. 62, no 3, p. 295-306Article in journal (Refereed) Published
Abstract [en]

Much of the attention surrounding blockchain today is focused on financial services, with very little discussion about nonfinancial services firms and how blockchain technology may affect organizations, their business models, and how they create and deliver value. In addition, some confusion remains between the blockchain (with definite article) and blockchain (no article), distributed ledger technologies, and their applications. Our article offers a primer on blockchain technology aimed at general managers and executives. The key contributions of this article lie in providing an explanation of blockchain, including how a blockchain transaction works and a clarification of terms, and outlining different types of blockchain technologies. We also discuss how different types of blockchain impact business models. Building on the well-established business model framework by Osterwalder and Pigneur, we outline the effect that blockchain technologies can have on each element of the business model, along with illustrations from firms developing blockchain technology.

Place, publisher, year, edition, pages
Elsevier, 2019. Vol. 62, no 3, p. 295-306
Keywords [en]
Blockchain, Private blockchain, Public blockchain, Business model, Blockchain technology, Innovation strategy
National Category
Business Administration
Research subject
Industrial Marketing
Identifiers
URN: urn:nbn:se:ltu:diva-73193DOI: 10.1016/j.bushor.2019.01.009ISI: 000468720200004Scopus ID: 2-s2.0-85061046908OAI: oai:DiVA.org:ltu-73193DiVA, id: diva2:1296266
Note

Validerad;2019;Nivå 2;2019-06-18 (johcin)

Available from: 2019-03-14 Created: 2019-03-14 Last updated: 2019-06-18Bibliographically approved

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Morkunas, Vida Julija

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf