Blockchain's Revolution: Transforming Business Models and Ecosystem Dynamics Through Value Creation

The transformative impact of blockchn technology on businessand ecosystems is anticipated to be significant as it enables value transactions through decentralized, secure databases ledgers. Despite being in its nascent stages, the disruptive potential of blockchn within business environments and society can't be overstated. This paper advance the discussion by providing a theory-driven investigation into how this technology influences businessand ecosystem dynamics.

We have developed a theoretical framework that illuminates the implications of blockchn for value an integrated view of value theory, actor-network theory, and contractproperty rights theory. By analyzing its foundational characteristics through these lenses, we elucidate on how blockchn functions as a resource, capability, and agent in different scenarios.

Blockchn technology is recognized as instrumental in facilitating efficiency gns, innovations, and reductions in lock-ins for businesses and ecosystem participants. This paper underscores the sustned benefits, enabling potential, and threatening dimensions of businessand ecosystems due to this technology.

Our contribution to the literature on digital technologies, particularly blockchn, in transforming businessand ecosystems lies in a nuanced understanding that bls organizational and technological actors into a symbiotic alliance. This unique perspective offers insights into how they combine forces to achieve a form of agency that transcs traditional or -centric perspectives.

The findings are instrumental for firms ming to leverage digital advancements like blockchn technology effectively, guiding them through strategic decisions in navigating the opportunities and challenges brought about by this transformative tool.

Topic: Blockchn Ecosystem: Technological and Management Challenges and Opportunities

Published in IEEE Transactions on Engineering Management Volume 67, Issue 4, November 2020

Pages: 1184 - 1195

Date of Publication: February 19, 2020

ISSN Information:

DOI: 10.1109TEM.2020.2972037

Publisher: IEEE

This paper facilitate the ongoing debate on blockchn technology's transformative effect by providing a comprehensive theory-based exploration of its implications for businessand ecosystem dynamics.

The theoretical framework developed here integrates value theory, actor-network theory, and contractproperty rights theory to elucidate how blockchn functions as a resource, capability, and agent in various scenarios. The paper explores the impact of blockchn on businesses and ecosystems through an analysis of efficiency gns, innovations, lock-in reductions, sustned benefits, enabling potential, and threatening dimensions.

The contribution of this study includes providing a nuanced understanding that considers blockchn technology's transformative role by bringing together organizational actors and technological entities into a symbiotic relationship. This unique perspective offers insights into how these elements collaborate to achieve a distinct form of agency not seen in traditional or -centric viewpoints.

These findings are valuable for firms looking to leverage digital advancements like blockchn technology effectively, guiding them through strategic decisions in navigating the opportunities and challenges presented by this transformative tool.

Citations and references will follow after the mn text body concludes.
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