Purpose – The purpose of this thesis is to explore how the innovation is happening in Distributed Ledger Technology (DLT) communities and what forces influence it.
Research Design – The thesis employs a qualitative research approach within the interpretivist research paradigm while applying social construction of technology (SCOT) as a research approach. A mono-method data collection method was chosen conducting in-depth interviews with 19 participants using a semi-structure interview guide. The research participants included entrepreneurs, developers, and foundation members of the IOTA and NEM communities. The interviews were recorded and transcribed by the researchers and subsequently organised using thematic codes. The thesis applies a phenomenological ontology where the focus of the data lies in the lived experiences of the research subjects and the interpretation of the researcher.
Findings – The community surrounding the DLT has a significant influence on the innovation process of the technology. In addition, the DLT foundation is essential to formulate a vision of the technology by driving the technology through research. Businesses are interested in the vision and quality of the technology and contribute to its evolution by undertaking innovation activities that ultimately disseminate the technology.
Originality/Value – According to the researchers’ best knowledge, there has been no significant study so far that investigates the innovation process of DLTs while providing a cogent model that depicts the innovation process including the parties that participate. The value in the study lies in the illustration of the opportunity for organisations of different kinds and individuals of various professional backgrounds to actively participate in the evolution of DLTs and shaping its future instead of passively consuming it.
|Educations||MSocSc in Organisational Innovation and Entrepreneurship , (Graduate Programme) Final Thesis|
|Number of pages||300|