The impact of blockchain technology on business models – a taxonomy and archetypal patterns
Journal
Electronic Markets
ISSN
1019-6781
1422-8890
Type
journal article
Date Issued
2019
Author(s)
Abstract
Blockchain technology enables new ways of organizing economic activities, reduces costs and time associated with intermediaries, and strengthens the trust in an ecosystem of actors. The impact of this seminal technology is reflected by an upcoming research stream and various firms that examine the potential uses of blockchain technology. While there are promising use cases of this new technology, research and practice are still in their infancy about altering existing and creating new business models. We develop a taxonomy of blockchain business models based on 99 blockchain ventures to explore the impact of blockchain technology on business models. As a result, we identify five archetypal patterns, which enhance our understanding of how blockchain technology affects existing and creates new business models. We propose to use these results to discover further patterns fueled by blockchain technology and illustrate how firms can use blockchain technology to innovate their business models.
Language
English (United States)
Keywords
Blockchain
Business model
Design science
Taxonomy
Pattern
Platform JEL classification O3
HSG Classification
contribution to scientific community
Refereed
Yes
Volume
30
Number
2
Start page
285
End page
305
Subject(s)
Division(s)
File(s)![Thumbnail Image]()
open.access
Name
Weking et al._2020 EM.pdf
Size
707.62 KB
Format
Adobe PDF
Checksum (MD5)
33bf62cf988b5ce5fc8ea1bdc436dd75