The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy
This study highlights the potential impacts of blockchain technology on the collaborative economy (CE), colloquially known as the sharing economy. This conceptual review first analyzes how the CE intersects with the blockchain technology. Collaborative consumption involves an intensification of peer...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2019-12-01
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| Series: | International Journal of Innovation Studies |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2096248719300426 |
| _version_ | 1818963715611951104 |
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| author | Myriam Ertz Émilie Boily |
| author_facet | Myriam Ertz Émilie Boily |
| author_sort | Myriam Ertz |
| collection | DOAJ |
| description | This study highlights the potential impacts of blockchain technology on the collaborative economy (CE), colloquially known as the sharing economy. This conceptual review first analyzes how the CE intersects with the blockchain technology. Collaborative consumption involves an intensification of peer-to-peer trade, underpinned by robust digital infrastructures and processes, hence an increased use of new technologies and a redefinition of business activities. As an inherently connected economy, the CE is, therefore, prone to integrating the most recent technological advances including artificial intelligence, big data analysis, augmented reality, the smart grid, and blockchain technology. This review then furthers the examination of the organizational and managerial implications related to the use of blockchain technology in terms of governance, transaction costs, and user confidence. A closing case finally examines the role of a prominent social networking site (i.e., Facebook) in the CE-blockchain nexus. Keywords: Blockchain technology, Collaborative economy, Cryptocurrency, Social networking site, Business, Governance, Trust, Digital economy |
| first_indexed | 2024-12-20T12:49:38Z |
| format | Article |
| id | doaj.art-9e915d23f658415f817be9cdafee072d |
| institution | Directory Open Access Journal |
| issn | 2096-2487 |
| language | English |
| last_indexed | 2024-12-20T12:49:38Z |
| publishDate | 2019-12-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | International Journal of Innovation Studies |
| spelling | doaj.art-9e915d23f658415f817be9cdafee072d2022-12-21T19:40:12ZengKeAi Communications Co., Ltd.International Journal of Innovation Studies2096-24872019-12-01348493The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economyMyriam Ertz0Émilie Boily1Corresponding author.; Department of Economics and Administrative Sciences, Université Du Québec à Chicoutimi, Chicoutimi, Quebec, G7H 2B1, CanadaDepartment of Economics and Administrative Sciences, Université Du Québec à Chicoutimi, Chicoutimi, Quebec, G7H 2B1, CanadaThis study highlights the potential impacts of blockchain technology on the collaborative economy (CE), colloquially known as the sharing economy. This conceptual review first analyzes how the CE intersects with the blockchain technology. Collaborative consumption involves an intensification of peer-to-peer trade, underpinned by robust digital infrastructures and processes, hence an increased use of new technologies and a redefinition of business activities. As an inherently connected economy, the CE is, therefore, prone to integrating the most recent technological advances including artificial intelligence, big data analysis, augmented reality, the smart grid, and blockchain technology. This review then furthers the examination of the organizational and managerial implications related to the use of blockchain technology in terms of governance, transaction costs, and user confidence. A closing case finally examines the role of a prominent social networking site (i.e., Facebook) in the CE-blockchain nexus. Keywords: Blockchain technology, Collaborative economy, Cryptocurrency, Social networking site, Business, Governance, Trust, Digital economyhttp://www.sciencedirect.com/science/article/pii/S2096248719300426 |
| spellingShingle | Myriam Ertz Émilie Boily The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy International Journal of Innovation Studies |
| title | The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| title_full | The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| title_fullStr | The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| title_full_unstemmed | The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| title_short | The rise of the digital economy: Thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| title_sort | rise of the digital economy thoughts on blockchain technology and cryptocurrencies for the collaborative economy |
| url | http://www.sciencedirect.com/science/article/pii/S2096248719300426 |
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