Impact of Bot Involvement in an Incentivized Blockchain-Based Online Social Media Platform

Delkhosh, Fatemeh; Gopal, Ram D.; Patterson, Raymond A.; Yaraghi, Niam

doi:10.1080/07421222.2023.2229124

Cited by 7 publications

(1 citation statement)

References 53 publications

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“…However, blockchain technology could revolutionize digital content production, distribution, and consumption [26]. This enables the blockchain to improve the user's content experience [27] greatly. Therefore, the value proposition of the blockchain for digital content is divided into functionality and technology, as shown in Table 1 [28].…”

Section: Blockchain Value Propositionsmentioning

confidence: 99%

Validation of Value-Driven Token Economy: Focus on Blockchain Content Platform

Kim,

Hong,

Majer

2024

Future Internet

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This study explores the architectural framework of a value-driven token economy on a blockchain content platform and critically evaluates the relationship between blockchain’s decentralization and sustainable economic practices. The existing literature often glorifies the rapid market expansion of cryptocurrencies but overlooks how underlying blockchain technology can fundamentally enhance content platforms through a more structured user engagement and equitable reward system. This study proposes a new token economy architecture by adopting the triple-bottom -line (TBL) framework and validates its practicality and effectiveness through an analytic-hierarchy-process (AHP) survey of industry experts. The study shows that the most influential factor in a successful token economy is not profit maximization but fostering a user-centric community where engagement and empowerment are prioritized. This shift can be expected to combine blockchain technology with meaningful economic innovation by challenging traditional profit-driven business models and refocusing on sustainability and user value.

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Section: Blockchain Value Propositionsmentioning

confidence: 99%