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Blockchain Meets Sharing Economy: A Case of Smart Contract Enabled Ridesharing Service

Author

Listed:
  • Shuchih Ernest Chang

    (Graduate Institute of Technology Management, National Chung Hsing University, Taichung 402, Taiwan)

  • Erik Chiaway Chang

    (Graduate Institute of Technology Management, National Chung Hsing University, Taichung 402, Taiwan)

  • Yijou Chen

    (Graduate Institute of Technology Management, National Chung Hsing University, Taichung 402, Taiwan)

Abstract

The ideas of the sharing economy have facilitated innovative business applications, such as Uber and Airbnb. As an example of a sharing economy application, ridesharing services take advantage of underutilized resources to create economic value. However, the unruly design of ridesharing systems may make urban traffic more congested and cause other technology-organization-environment issues. This study explores the application of blockchain and smart contract technologies to enhance ridesharing services by harvesting the blockchain benefits of transaction traceability, process transparency, system automation and disintermediation. After presenting system design and implementation details for building and deploying a blockchain-based system to support the reengineered ridesharing service with required business functions, we conduct functionality/performance tests and theory-based comparative analysis to confirm its feasibility and applicability. The results reveal that our system with blockchain-enabled benefits is superior to incumbent ridesharing systems. Moreover, while prior research rarely reports the design and implementation details of blockchain-based systems to support sharing economy services, this paper primarily contributes to extant literature by not only proposing a layered system architecture adapting blockchain and smart contracts into the desired ridesharing service but also demonstrating the design and implementation details, covering the development tools, the deployment environment and the deployed smart contracts.

Suggested Citation

  • Shuchih Ernest Chang & Erik Chiaway Chang & Yijou Chen, 2022. "Blockchain Meets Sharing Economy: A Case of Smart Contract Enabled Ridesharing Service," Sustainability, MDPI, vol. 14(21), pages 1-23, October.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:21:p:13732-:d:951111
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    References listed on IDEAS

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    3. Pazaitis, Alex & De Filippi, Primavera & Kostakis, Vasilis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 105-115.
    4. Chang, Shuchih Ernest & Chen, Yi-Chian & Lu, Ming-Fang, 2019. "Supply chain re-engineering using blockchain technology: A case of smart contract based tracking process," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 1-11.
    5. Alex Pazaitis & Primavera De Filippi & Vasilis Kostakis, 2017. "Blockchain and Value Systems in the Sharing Economy: The Illustrative Case of Backfeed," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 73, TUT Ragnar Nurkse Department of Innovation and Governance.
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    8. R. Basselier & G. Langenus & L. Walravens, 2018. "The rise of the sharing economy," Economic Review, National Bank of Belgium, issue iii, pages 57-78, september.
    9. Michaël Distelmans & Ilse Scheerlinck, 2021. "Institutional Strategies in the Ridesharing Economy: A Content Analysis Based on Uber’s Example," Sustainability, MDPI, vol. 13(14), pages 1-25, July.
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    2. Mohammad Wasiq & Abu Bashar & Syed Akmal & Mustafa Raza Rabbani & Mohd Afzal Saifi & Nishad Nawaz & Youssef Tarek Nasef, 2023. "Adoption and Applications of Blockchain Technology in Marketing: A Retrospective Overview and Bibliometric Analysis," Sustainability, MDPI, vol. 15(4), pages 1-20, February.

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