Blockchain-powered value creation in the 5G and smart grid use cases
Open accessAbstract
Before the implementation of a solution, it is cost-efficient and practical to be able to evaluate and analyze the expected value of use cases. Especially, this is emphasized in blockchain (BC) use cases, which typically have a wide business ecosystem and possibly disruptive business models. This paper presents two BC use case value evaluations and results. The IoT use cases were selected from two different industry segments: telecommunications-oriented 5G network slice brokering and the energy industry-related internal electricity allocation in a housing society. The use case value was assessed by applying a resource configuration framework and 4C - commerce, context, content, and connection - business model typology against BC and smart contracts characteristics and capabilities. The results derived from the data collected from the expert workshops proved the expected value of the use cases, and in general, the feasibility of BC technology for facilitating various value-creating resource configuration processes was shown. Furthermore, the resource configuration framework proved to be a valuable theoretical approach for analyzing and developing also the BC-enabled novel use cases and business models. According to the findings, further development of the framework is proposed with an introduced novel decentralized resource configuration prototype that can replace predominant platform-based business models.
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Blockchain can be a promising candidate to solve critical security issues and empower smart city services.
“In this scenario, blockchain can be a promising candidate to solve critical security issues and empower smart city services [245], [246].”
From Blockchain for 5G and beyond networks: A state of the art survey (2020) · cites this paper as [246]
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Sorted by citations
Blockchain for 5G and beyond networks: A state of the art survey
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- Authors
- Valtanen, K., Backman, J., & Yrjola, S.
- Affiliations
- VTT Technical Research Centre of Finland (FI)
- Venue
- IEEE Access
- Published
- 2019
- Volume
- 7
- Pages
- 25690-25707
- ISSN
- 2169-3536 (ISSN-L)
- OpenAlex
- W2916066860
- Cited by
- 72
- References
- 56
- Citations by year
- 2026: 1 · 2025: 2 · 2024: 6 · 2023: 6 · 2022: 14 · 2021: 14 · 2020: 23 · 2019: 6
- FWCI
- 17.73
- Type
- journal article
- Language
- en
- Open access
- gold
- doi.org
- Locations
- IEEE Access (publishedVersion, cc-by)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
- Funders
- Blockchains Boosting Finnish Industry (BOND) project through Business Finland, the Finnish innovation funding, trade, investment, and travel promotion organization
- Topics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Social Sciences › Business, Management and Accounting › Strategy and Management › Digital Platforms and Economics
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology in Education and Learning
- Keywords
- blockchain, value creation, smart grid, smart contracts, platform business models, Internet of Things, telecommunications, energy sector
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