TY - JOUR
T1 - Managing a Blockchain-based Platform Ecosystem for Industry-wide Adoption
T2 - The Case of TradeLens
AU - Jovanovic, Marin
AU - Kostic, Nikola
AU - Sebastian, Ina M.
AU - Sedej, Tomaz
PY - 2022/11
Y1 - 2022/11
N2 - The proliferation of blockchain-based platform ecosystems in recent years has prompted scholars across various disciplines to explore the conditions leading to their successful deployment. However, developing a blockchain-based platform ecosystem creates various challenges for the platform sponsor that may influence industry-wide adoption and, ultimately, the platform's success. This study follows the development of TradeLens, a leading global shipping platform ecosystem underpinned by blockchain technology. We examine the factors affecting industry-wide adoption among global supply chain actors by unpacking platform value drivers and platform governance mechanisms identified at TradeLens. While the platform value hinges on the digitalization of workflows and the ecosystem leverage, the platform governance includes strategic (off-chain), technology (on-chain), and interoperability (on- and off-chain) governance – as mechanisms for effectively managing a blockchain-based platform ecosystem. This paper contributes to the literature on blockchain-based platform ecosystems and the platform literature.
AB - The proliferation of blockchain-based platform ecosystems in recent years has prompted scholars across various disciplines to explore the conditions leading to their successful deployment. However, developing a blockchain-based platform ecosystem creates various challenges for the platform sponsor that may influence industry-wide adoption and, ultimately, the platform's success. This study follows the development of TradeLens, a leading global shipping platform ecosystem underpinned by blockchain technology. We examine the factors affecting industry-wide adoption among global supply chain actors by unpacking platform value drivers and platform governance mechanisms identified at TradeLens. While the platform value hinges on the digitalization of workflows and the ecosystem leverage, the platform governance includes strategic (off-chain), technology (on-chain), and interoperability (on- and off-chain) governance – as mechanisms for effectively managing a blockchain-based platform ecosystem. This paper contributes to the literature on blockchain-based platform ecosystems and the platform literature.
KW - Blockchain-based platforms
KW - Platform ecosystems
KW - Platform vaue
KW - Platform governance
KW - Interoperability governance
KW - Technology governance
KW - Blockchain-based platforms
KW - Platform ecosystems
KW - Platform value
KW - Platform governance
KW - Interoperability governance
KW - Technology governance
U2 - /10.1016/j.techfore.2022.121981
DO - /10.1016/j.techfore.2022.121981
M3 - Journal article
SN - 0040-1625
VL - 184
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 121981
ER -