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How blockchain technologies impact your business model
Abstract
Abstract 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.
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Cited by
Blockchain for industry 4.0: a comprehensive review
Bodkhe, U., Tanwar, S., Parekh, K., Khanpara, P., Tyagi, S., Kumar, N., & Alazab, M. (2020) · IEEE Access · doi:10.1109/access.2020.2988579 · Cited by 766
Is non-fungible token pricing driven by cryptocurrencies?
Dowling, M. (2022) · Finance Research Letters · doi:10.1016/j.frl.2021.102097 · Cited by 550
Paschen, J., Wilson, M., & Ferreira, J. J. (2020) · Business Horizons · doi:10.1016/j.bushor.2020.01.003 · Cited by 410
Self-citationA survey on the adoption of blockchain in IoT: challenges and solutions
Uddin, M. A., Stranieri, A., Gondal, I., & Balasubramanian, V. (2021) · Blockchain: Research and Applications · doi:10.1016/j.bcra.2021.100006 · Cited by 365
Beyond Bitcoin: What blockchain and distributed ledger technologies mean for firms
Hughes, A., Park, A., Kietzmann, J., & Archer-Brown, C. (2019) · Business Horizons · doi:10.1016/j.bushor.2019.01.002 · Cited by 348
Metadata
- Authors
- Morkunas, V. J., Paschen, J., & Boon, E.
- Venue
- Business Horizons
- Publisher
- Elsevier BV
- Published
- 2019-05
- Volume
- 62
- Issue
- 3
- Pages
- 295-306
- ISSN
- 0007-6813 (ISSN-L)
- OpenAlex
- W2914396340
- Cited by
- 681
- References
- 0
- FWCI
- 100.91
- Type
- journal article
- Language
- en
- Open access
- closed
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- Morkunas, V. J., Paschen, J., & Boon, E. (2019). How blockchain technologies impact your business model. Business Horizons. https://doi.org/10.1016/j.bushor.2019.01.009
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
