Decentralized platform economy: emerging blockchain-based decentralized platform business models

Lage, Oscar; Saiz-Santos, María; Zarzuelo, José Manuel

doi:10.1007/s12525-022-00586-4

Cited by 20 publications

(9 citation statements)

References 58 publications

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“…1 have their origin in the vision of Web3. Although the term "Web3" still lacks an established definition, it broadly encapsulates applications designed around decentralization, such as the control of data, identity, and applications that employ blockchain (Lage et al, 2022). However, the reputation of Web3 remains a subject of controversy as of May 2023, largely due to speculation in cryptocurrencies and their use in support of illegal transactions.…”

Section: Emerging Web3-related Technologies To Meet the Needs Of Emer...mentioning

confidence: 99%

Establishing altruistic ethics to use technology for Social Welfare—How Japan manages Web3 and self-sovereign identity in local communities

Kim,

Kokuryo

2024

Electron Markets

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Technologies of self-sovereign identity (SSI) and Web3 tools that strongly protect individual autonomy, combined with the ethics of Asian altruism, can effectively guide the governance of the emerging cyber civilization. In contrast, governance in Western industrial civilization stresses the pursuit of individual self-interest and struggles to balance the benefits of big tech with the protection of individual dignity and the preservation of the common good. We demonstrate, with reference to a local community in Japan, that SSI is successful in encouraging communal collaboration and well-being while providing individuals with greater control over their personal data. We also show that Web3 tools provide incentives for altruistic behaviors while safeguarding SSI. Integration of SSI and social protection demonstrates the potential for building an information society grounded in altruistic values, honoring individual dignity, and recognizing the government’s role in protecting social welfare. Ultimately, this research unveils how altruistic values can be fostered through SSI and Web3.

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Section: Emerging Web3-related Technologies To Meet the Needs Of Emer...mentioning

confidence: 99%

Establishing altruistic ethics to use technology for Social Welfare—How Japan manages Web3 and self-sovereign identity in local communities

Kim,

Kokuryo

2024

Electron Markets

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“…Based on the price level an exchange rate can be determined so that the token will hold a financial incentive and avoid the decline of platform usage. Others have analyzed in greater detail the influences on such incentives to identify optimal friction that would provide a balance between the elasticity of the revenue to the latter velocity effect, hence avoiding decreasing the token price once the trades increase [30,31].…”

Section: Tokenomicsmentioning

confidence: 99%

Review of Blockchain Tokens Creation and Valuation

Marin,

Cioara,

Toderean

et al. 2023

Future Internet

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Blockchain and tokens are relatively new research areas insufficiently explored from both technical and economic perspectives. Even though tokens provide benefits such as easier market access, increased liquidity, lower transaction costs, and automated transactional process, their valuation and price determination are still challenging due to factors such as a lack of intrinsic value, volatility, and regulation making trading risky. In this paper, we address this knowledge gap by reviewing the existing literature on token creation and valuation to identify and document the factors affecting their valuation, investment, and founding, as well as the most promising domains of applicability. The study follows the PRISMA methodology and uses the Web of Science database, defining clear research questions and objective inclusion criteria for the articles. We discuss token technical development, including creating, issuing, and managing tokens on an Ethereum blockchain using smart contracts. The study revealed several key factors that significantly impact the field of tokenomics: demand and supply, social incentives, market conditions, macroeconomics, collective behavior, speculation, and inclusion in index funds. The most relevant use cases of blockchain and tokens are related to the digitization of virtual and physical assets, accountability, and traceability usual in smart grids or supply chains management, social governance, and art and gamification including metaverse.

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“…NFT platforms like Opensea safeguard the authenticity of digital art products ("crypto art") and allow these "crypto collectibles" to be traded (Bai et al, 2022). Although an overview on the decentralized economy (Lage et al, 2022) and some thoughts on considering NFTs as a possible solution in the event ticketing industry are included in this issue (Feulner et al, 2022), more research on such NFT platforms may be expected to appear in Electronic Markets. This applies to all views on culture in the field of electronic markets since they are known to emerge from and to be sustained by collective action (Somasundaram, 2003)-a phenomenon that will not happen if cultural factors prevent actors from (active) participation.…”

Section: Views On Culturementioning

confidence: 99%

“…In their sample of 150 participants from non-metropolitan business models (for the hosted model) or at new and more decentralized business models (for the federated and the shared model). The majority of platforms were attributed to the latter category and were associated with significant future business potential due to their disruptive setup (Lage et al, 2022).…”

Section: General Research Articles 2 -Platform Participantsmentioning

confidence: 99%

Electronic Markets on platform culture

Alt

2022

Electron Markets

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Decentralized platform economy: emerging blockchain-based decentralized platform business models

Cited by 20 publications

References 58 publications

Establishing altruistic ethics to use technology for Social Welfare—How Japan manages Web3 and self-sovereign identity in local communities

Establishing altruistic ethics to use technology for Social Welfare—How Japan manages Web3 and self-sovereign identity in local communities

Review of Blockchain Tokens Creation and Valuation

Electronic Markets on platform culture

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