Born Global Market Dominators and Implications for the Blockchain Avantgarde

Wurster, Simone; Böhmecke‐Schwafert, Moritz; Hofmann, Frank; Blind, Knut

doi:10.4018/978-1-5225-5320-5.ch005

Cited by 3 publications

(2 citation statements)

References 41 publications

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“…In contrast, the operational definition of a dominant design is slightly different from that of a de facto standard, in terms of the focus: the 'design' aspect [125], [126]. A dominant design is a product architecture that commands a huge market share, and one that another manufacturing company must strive to acquire in order to gain a competitive advantage [125], [126].…”

Section: B Concept Maps Of Primary Actors In Technology Standardizationmentioning

confidence: 99%

The Primary Actors of Technology Standardization in the Manufacturing Industry

Moon

Lee

2021

IEEE Access

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To date, discussions on standards and standards-related market issues have mainly been focused on market influence, such as a company's performance, trade, and technological innovation. Despite the fact that many studies have been conducted with a focus on technology standards, the ways in which primary actors of standards affect the market are yet to be fully investigated in extant studies. In this study, we investigate the primary actors in technology standardization by carrying out a systematic review and constructing a conceptual framework and concept maps of primary actors. Based on our analysis, we categorize primary actors, according to their roles and timing of engagement in standardization, as follows: Technology producers, standard-setters, regulators, and technology users. We illustrate each actor's detailed actions, motives, and difficulties with concept maps that are structured based on the SAO/P model, in order to elucidate why primary actors participate in standardization and how they act to achieve their goals or resolve difficulties. Based on our findings, we derive implications in terms of the strategic management of standardization activities in the manufacturing industry.

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Section: B Concept Maps Of Primary Actors In Technology Standardizationmentioning

confidence: 99%

The Primary Actors of Technology Standardization in the Manufacturing Industry

Moon

Lee

2021

IEEE Access

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“…The emerging technology of blockchain 6,12 is often considered as a new “General Purpose Technology”. Crowdfunding investments into the technology are skyrocketing and reached $19 billion as of mid‐2018, 13 and a numerous amount of use cases exist that go far beyond the financial industry and use cases such as blockchain's 14 most prominent one of “Bitcoin.”…”

Section: Introductionmentioning

confidence: 99%

Trusted systems of records based on Blockchain technology ‐ a prototype for mileage storing in the automotive industry

Preikschat

Böhmecke‐Schwafert

Buchwald³

et al. 2020

Concurrency and Computation

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Summary Blockchain technology has the potential to bring transparency and trust to a multitude of use cases. Our research demonstrates that the technology can reduce asymmetric information in markets by bridging trust gaps. The combination of blockchain and Internet of Things technology that automatically collects sensor data, provides a feasible, decentralized technological solution for such an inefficient “Market of Lemons” coined by nobel laureate Georg Akerlof. In this paper, we develop a system prototype to reduce mileage fraud on the used car markets. Our work demonstrates the feasibility of a trusted system of records for (vehicle) data such as mileage data using a distributed database based on the public Ethereum network and smart contracts. We have identified eight requirements that are fulfilled by the prototype and the functional logic and design of thesolution can be reproduced to any other application area characterized by a lack of trust between actors or by the absence of a trusted central authority. However, the developed prototype suffers from similar limitations and challenges as the technology itself. Low throughput causes limitations in scalability and transaction costs are unpredictable. Further development of the blockchain technology and considering more cost‐efficient consensus mechanisms will address these issues.

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