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Business Model Innovation In The Digital Economy: Blockchain Based Collaborative Models

Author

Listed:
  • Florin PUCHEANU

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Alexandru-Mihai BUGHEANU

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Ruxandra DINULESCU

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The current paper focuses on blockchain technology as a novel actor shaping business models and leveraging another rising star of the global business, collaborative economy. The research aims to grasp the main intersection points between blockchain drivers and business model components. Therefore, to accomplish this objective, the paper identifies the main impact drivers of blockchain technology in relation to collaborative models as: cost reduction, risk reduction and disinter mediation. Secondly, we have turned our attention to the methods in which this new technology influences business model innovation. Furthermore, this paper presents the possible outcome scenarios taking into consideration four stages of business model innovation in relation to different degrees of blockchain adoption by organizations. The key findings of this study focus on the impact on value proposition, value creation, delivery and value capture, and the ways each scenario constitutes an opportunity or a threat to the focal firm.

Suggested Citation

  • Florin PUCHEANU & Alexandru-Mihai BUGHEANU & Ruxandra DINULESCU, 2020. "Business Model Innovation In The Digital Economy: Blockchain Based Collaborative Models," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(4), pages 68-81, December.
    • Handle: RePEc:rom:bemann:v:10:y:2020:i:4:p:68-81
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    References listed on IDEAS

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    1. Pazaitis, Alex & De Filippi, Primavera & Kostakis, Vasilis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 105-115.
    2. Alex Pazaitis & Primavera De Filippi & Vasilis Kostakis, 2017. "Blockchain and Value Systems in the Sharing Economy: The Illustrative Case of Backfeed," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 73, TUT Ragnar Nurkse Department of Innovation and Governance.
    3. Amit, Raphael & Zott, Christoph, 2010. "Business model innovation: Creating value in times of change," IESE Research Papers D/870, IESE Business School.
    4. Alex Pazaitis & Primavera de Filippi & Vasilis Kostakis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Post-Print hal-01676881, HAL.
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    6. Acquier, Aurélien & Daudigeos, Thibault & Pinkse, Jonatan, 2017. "Promises and paradoxes of the sharing economy: An organizing framework," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 1-10.
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    Cited by:

    1. Ioana CÎMPAN & Emil Lucian CRISAN & Irina Iulia SALANTA & Alin Adrian MIHAILA, 2022. "Digital Platforms Business Models," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(5), pages 612-629, December.

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