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Erschienen in:
Transformation of Business Model in Finance Sector with Artificial Intelligence and Robotic Process Automation Kapitel lesen Erstes Kapitel lesen

2020 | OriginalPaper | Buchkapitel

14. Platform Strategy for Business Transformation in a Blockchain Ecosystem

verfasst von : Sang-Wuk Ku

Erschienen in: Digital Business Strategies in Blockchain Ecosystems

Verlag: Springer International Publishing

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Abstract

This chapter explains blockchain platform strategies for business transformation in a blockchain ecosystem. The blockchain platform, which includes specific transaction records and distributed ledgers for certain time periods, can be defined as (1) a core asset in a blockchain ecosystem, (2) a common basic asset, (3) an asset possibly generating derivative content and services, such as complements, (4) the hub in the value chain in blockchain technology-based businesses, and (5) an asset retaining blockchain technology.
Blockchains can generate various complements within the context of platform leadership. This means blockchains can show the characteristics of complementarity. They bring about network externality and lock-in effect regarding platform leadership. Blockchain technology innovation is beneficial for production efficiency, cost reduction, and lowering prices.
Blockchains can also be defined as the adjustment of existing approved transactions and derivative service providers as complementors. Blockchain platforms should promote the blockchain ecosystem for platform leaders and complementors so that ecosystem stakeholders can form competitive and cooperative relationships with blockchain platform leaders.

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Vorheriges Kapitel Key Success Factors for Strategic Management in Digital Business
Nächstes Kapitel Blending Business Strategies with IT in Digital Era
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Metadaten
Titel
Platform Strategy for Business Transformation in a Blockchain Ecosystem
verfasst von
Sang-Wuk Ku
Copyright-Jahr
2020
Verlag
Springer International Publishing
Buch
Digital Business Strategies in Blockchain Ecosystems

Print ISBN: 978-3-030-29738-1

Electronic ISBN: 978-3-030-29739-8

Copyright-Jahr: 2020

DOI
https://doi.org/10.1007/978-3-030-29739-8_14