IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i5p2955-d763192.html
   My bibliography  Save this article

Fostering Equality in Education: The Blockchain Business Model for Higher Education (BBM-HE)

Author

Listed:
  • Semen Son-Turan

    (Business Administration Department, Faculty of Economics, Administrative and Social Sciences, MEF University, 34396 Istanbul, Turkey)

Abstract

This paper seeks to address which business model in higher education that fosters SDG 4, is adequate for the post-pandemic period. To that end, it introduces the “Blockchain Business Model for Higher Education” (BBM-HE) and a transformed business model canvas framework based on existing literature, concepts, theories and findings relating to most of the pressing issues in higher education from the present study. To determine these issues, secondary data is used in the qualitative research design by applying inductive content analysis techniques to online reports. The originality of this study lies in the “adaptive” perspective to the requirements of the post-pandemic higher education landscape, which consists of modifications to the core elements of higher education, the integration of blockchain technology into the entire system, and a stronger approach to sustainability practice through sustainability tokens. The envisaged model sets out to provide a roadmap for all stakeholders, but most importantly, “decentralized” higher education institutions of the future and the “employable skills-seeking” proactive students all over the world, as opposed to the former “solely degree-focused and affluent” consumers of educational offerings. This study contributes to higher education literature in terms of business models, blockchains, pandemics, and sustainability.

Suggested Citation

  • Semen Son-Turan, 2022. "Fostering Equality in Education: The Blockchain Business Model for Higher Education (BBM-HE)," Sustainability, MDPI, vol. 14(5), pages 1-24, March.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:5:p:2955-:d:763192
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/5/2955/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/5/2955/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Amira Nurlatifah & Bambang Suratman & Hariyati, 2021. "Good University Governance Higher Education," Technium Social Sciences Journal, Technium Science, vol. 16(1), pages 222-228, February.
    2. Birte Freudenreich & Florian Lüdeke-Freund & Stefan Schaltegger, 2020. "A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability," Journal of Business Ethics, Springer, vol. 166(1), pages 3-18, September.
    3. Rodrigo Lozano, 2018. "Sustainable business models: Providing a more holistic perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1159-1166, December.
    4. Rolas Lodi Febri Ignatius Nainggolan & Sismudjito & Hadriana Marhaeni Munthe & Rizabuana Ismail & Henry Sitorus, 2021. "Students Perceptions in Choosing Education to Higher Education," Technium Social Sciences Journal, Technium Science, vol. 17(1), pages 476-485, March.
    5. Rocsana Bucea-Manea-Țoniş & Oliva M. D. Martins & Radu Bucea-Manea-Țoniş & Cătălin Gheorghiță & Valentin Kuleto & Milena P. Ilić & Violeta-Elena Simion, 2021. "Blockchain Technology Enhances Sustainable Higher Education," Sustainability, MDPI, vol. 13(22), pages 1-21, November.
    6. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    7. Alexander Grech & Anthony Camilleri, 2017. "Blockchain in Education," JRC Research Reports JRC108255, Joint Research Centre.
    8. Nathalie Colasanti & Rocco Frondizi & Marco Meneguzzo, 2018. "Higher education and stakeholders’ donations: successful civic crowdfunding in an Italian university," Public Money & Management, Taylor & Francis Journals, vol. 38(4), pages 281-288, June.
    9. Alison Greig & Julian Priddle, 2019. "Mapping Students’ Development in Response to Sustainability Education: A Conceptual Model," Sustainability, MDPI, vol. 11(16), pages 1-12, August.
    10. Karl E. Weick & Kathleen M. Sutcliffe & David Obstfeld, 2005. "Organizing and the Process of Sensemaking," Organization Science, INFORMS, vol. 16(4), pages 409-421, August.
    11. Irving Janis & Raymond Fadner, 1943. "A coefficient of imbalance for content analysis," Psychometrika, Springer;The Psychometric Society, vol. 8(2), pages 105-119, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Larisa Gorina & Marina Gordova & Irina Khristoforova & Lyudmila Sundeeva & Wadim Strielkowski, 2023. "Sustainable Education and Digitalization through the Prism of the COVID-19 Pandemic," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    2. Goran Bjelobaba & Marija Paunovic & Ana Savic & Hana Stefanovic & Jelena Doganjic & Zivanka Miladinovic Bogavac, 2022. "Blockchain Technologies and Digitalization in Function of Student Work Evaluation," Sustainability, MDPI, vol. 14(9), pages 1-22, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sara Moggi & Renata Paola Dameri, 2021. "Circular business model evolution: Stakeholder matters for a self‐sufficient ecosystem," Business Strategy and the Environment, Wiley Blackwell, vol. 30(6), pages 2830-2842, September.
    2. Anna M. Hansson & Eja Pedersen & Niklas P. E. Karlsson & Stefan E. B. Weisner, 2023. "Barriers and drivers for sustainable business model innovation based on a radical farmland change scenario," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 8083-8106, August.
    3. Stefan Schaltegger & Derk Loorbach & Jacob Hörisch, 2023. "Managing entrepreneurial and corporate contributions to sustainability transitions," Business Strategy and the Environment, Wiley Blackwell, vol. 32(2), pages 891-902, February.
    4. Chia-Chi Chen & Dian-Fu Chang, 2022. "Exploring International Faculty’s Perspectives on Their Campus Life by PLS-SEM," Sustainability, MDPI, vol. 14(15), pages 1-15, July.
    5. Valeska V. Geldres-Weiss & Nicolás Gambetta & Nathaniel P. Massa & Skania L. Geldres-Weiss, 2021. "Materiality Matrix Use in Aligning and Determining a Firm’s Sustainable Business Model Archetype and Triple Bottom Line Impact on Stakeholders," Sustainability, MDPI, vol. 13(3), pages 1-22, January.
    6. Chirumalla, Koteshwar & Reyes, Lizbeth Guerrero & Toorajipour, Reza, 2022. "Mapping a circular business opportunity in electric vehicle battery value chain: A multi-stakeholder framework to create a win–win–win situation," Journal of Business Research, Elsevier, vol. 145(C), pages 569-582.
    7. Mwenza Blell & Shan‐Jan Sarah Liu & Audrey Verma, 2023. "Working in unprecedented times: Intersectionality and women of color in UK higher education in and beyond the pandemic," Gender, Work and Organization, Wiley Blackwell, vol. 30(2), pages 353-372, March.
    8. Giovanna Attanasio & Nadia Preghenella & Alberto Felice De Toni & Cinzia Battistella, 2022. "Stakeholder engagement in business models for sustainability: The stakeholder value flow model for sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 860-874, March.
    9. Olufemi, O. Omotilewa & Osifalujo, B. Bunmi and Ogunwede & J. Kayode, 2023. "Stakeholders Conflicting Interest and Approach for Harmonization for Business Sustainability: Evidence from Limited Liability Companies in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 21-33, September.
    10. Paulina Schiappacasse & Bernhard Müller & Le Thuy Linh, 2019. "Towards Responsible Aggregate Mining in Vietnam," Resources, MDPI, vol. 8(3), pages 1-15, August.
    11. Pina Puntillo, 2023. "Circular economy business models: Towards achieving sustainable development goals in the waste management sector—Empirical evidence and theoretical implications," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 941-954, March.
    12. Carlos Martin-Rios, 2016. "Innovative management control systems in knowledge work: a middle manager perspective," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 27(2), pages 181-204, May.
    13. R. Ebrahimi & S. Choobchian & H. Farhadian & I. Goli & E. Farmandeh & H. Azadi, 2022. "Investigating the effect of vocational education and training on rural women’s empowerment," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-11, December.
    14. Bárbara Galleli & Elder Semprebon & Joyce Aparecida Ramos dos Santos & Noah Emanuel Brito Teles & Mateus Santos de Freitas-Martins & Raquel Teodoro da Silva Onevetch, 2021. "Institutional Pressures, Sustainable Development Goals and COVID-19: How Are Organisations Engaging?," Sustainability, MDPI, vol. 13(21), pages 1-21, November.
    15. Elena Antonacopoulou, 2018. "Energising critique in action and in learning: The GNOSIS 4R Framework," Action Learning: Research and Practice, Taylor & Francis Journals, vol. 15(2), pages 102-125, May.
    16. Sagarika Dey & Priyanka Devi, 2019. "Impact of TVET on Labour Market Outcomes and Women’s Empowerment in Rural Areas: A Case Study from Cachar District, Assam," Indian Journal of Human Development, , vol. 13(3), pages 357-371, December.
    17. Maria Sassi, 2020. "A SEM Approach to the Direct and Indirect Links between WaSH Services and Access to Food in Countries in Protracted Crises: The Case of Western Bahr-el-Ghazal State, South Sudan," Sustainability, MDPI, vol. 12(22), pages 1-13, November.
    18. Olga Stepanova & Magdalena Romanov, 2021. "Urban Planning as a Strategy to Implement Social Sustainability Policy Goals? The Case of Temporary Housing for Immigrants in Gothenburg, Sweden," Sustainability, MDPI, vol. 13(4), pages 1-17, February.
    19. Michel, Hanno, 2020. "From local to global: The role of knowledge, transfer, and capacity building for successful energy transitions," Discussion Papers, Research Group Digital Mobility and Social Differentiation SP III 2020-603, WZB Berlin Social Science Center.
    20. Hervé Corvellec & Johan Hultman & Anne Jerneck & Susanne Arvidsson & Johan Ekroos & Niklas Wahlberg & Timothy W. Luke, 2021. "Resourcification: A non‐essentialist theory of resources for sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1249-1256, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:5:p:2955-:d:763192. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.