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Analysing the impact of the implementation of a blockchain in an existing business model

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Abstract

Blockchain technology offers great potential for companies and the number of start-ups whose business models are based on this technology is growing rapidly. However, for many companies already active in their respective markets, the question arises as to whether and how this technology is relevant to their individual business model and what effects an implementation in the company or in the corporate environment would have. These questions can be answered with the help and modification of existing methods and tools. In this paper, we present the method of business model stresstesting, which, with certain adjustments, can help to answer the question of the impact of Blockchain technology on an existing business model. This will help to actively shape and evolve the ecosystem emerging in the area of Blockchain technology. The implementation and further development of the technology based on specific requirements from the business environment is thus facilitated and accelerated.

Suggested Citation

  • Heim, Lars, 2020. "Analysing the impact of the implementation of a blockchain in an existing business model," MPRA Paper 115440, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115440
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    References listed on IDEAS

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    1. Harry Bouwman & Jukka Heikkilä & Marikka Heikkilä & Carlo Leopold & Timber Haaker, 2018. "Achieving agility using business model stress testing," Electronic Markets, Springer;IIM University of St. Gallen, vol. 28(2), pages 149-162, May.
    2. Niemimaa, Marko & Järveläinen, Jonna & Heikkilä, Marikka & Heikkilä, Jukka, 2019. "Business continuity of business models: Evaluating the resilience of business models for contingencies," International Journal of Information Management, Elsevier, vol. 49(C), pages 208-216.
    3. Witold Nowiński & Miklós Kozma, 2017. "How Can Blockchain Technology Disrupt the Existing Business Models?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 173-188.
    4. Rayna, Thierry & Striukova, Ludmila, 2016. "From rapid prototyping to home fabrication: How 3D printing is changing business model innovation," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 214-224.
    5. repec:ecr:col093:31825 is not listed on IDEAS
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    More about this item

    Keywords

    blockchain; business model; stresstesting; stressfactor;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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