Digital companies must improve their business models evolutionarily and innovatively. Therefore, IT investment, especially for revitalizing digital capabilities for operational changes, is important. Most companies are looking to source innovation from outside organizations. Partnership assessment is a crucial problem since it is not easy to integrate internal and external capabilities. The study aims to define business model innovation based on system dynamics with partnership scenarios. Open innovation is needed to evolve to meet market expansion. Partnership and IP strategies are discussed. System Dynamics modeling is utilized to map a system structure to capture its behavior and the relationships between elements, creating a simulation over time. The study develops a BMI to show how OI variables significantly contribute to the engine of growth for digital companies. The simulation reveals that OI has a significant effect on the company’s performance, indicated by significantly growing revenue after two years. At the early stage, patenting IP is not practical since the companies involved are unclear about the detailed IP. The IP success or the partner failure rate does not affect revenue significantly. After two years, companies sharing IP find the best way to benefit from it and lead to sustainable growth.
Halal food is food in which its halalness status is regulated by a shariah institution, which is normally designated by the government. The halal status of food should be traced starting from raw materials, processing, packaging, transportation and distribution processes to end consumers. This is to make sure that halal food is free from any contamination that may change its halal status. The problem is the difficulty of tracing halal food along the supply chain as the supply chain information from the upstream to downstream in the food industry is not transparent. Currently, food tracking systems are a centralized system, where information about food status is only available to those who control the information. To improve the transparency of the food status and to increase trust from customers, a distributed and transparent system, where many parties can access the food status any time, is needed. Blockchain technology can be applied to help track the halalness status of food along its supply chain. As blockchain is inherently distributed and transparent, hence a distributed system can be developed by incorporating blockchain technology for tracking food status. This paper proposes a distributed system for tracing halal food along its supply chains using blockchain technology. This system is expected to support transparency, neutrality.
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