Blockchains and the disruption of the sharing economy value chains

KOLADE, Seun, ADEPOJU, David and ADEGBILE, Abiodun (2022). Blockchains and the disruption of the sharing economy value chains. Strategic Change, 31 (1), 137-145.

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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:	Article
Uncontrolled Keywords:	1503 Business and Management; 3502 Banking, finance and investment; 3507 Strategy, management and organisational behaviour
Identification Number:	https://doi.org/10.1002/jsc.2483
Page Range:	137-145
SWORD Depositor:	Symplectic Elements
Depositing User:	Symplectic Elements
Date Deposited:	16 May 2023 14:48
Last Modified:	16 May 2023 15:31
URI:	https://shura.shu.ac.uk/id/eprint/31877

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