Over the last decade, blockchain technology has facilitated a method by which a network of equipotent and equally privileged peers can jointly maintain and edit databases in an entirely decentralized manner, without any kind of an intermediary exhibiting unilateral control. As a consequence it has enabled the creation of a new type of multi-sided platform architecture with distributed governance. As the different platform provision functions are opened to free market competition rather than monopolized by a single entity, the monopoly-like pricing structure typical of platforms is overhauled. Instead, blockchain-enabled distributed platforms appear to share value more evenly between the all the different market sides connected to the platform. Our analysis reveals that blockchain technology adds new considerations to how multi-sided platform architectures should be perceived and analyzed.
|Title of host publication||Collaborative Value Co-creation in the Platform Economy|
|Editors||Anssi Smedlund, Arto Lindblom, Lasse Mitronen|
|Publication status||Published - 24 Jul 2018|
|MoE publication type||A3 Part of a book or another research book|
|Name||Translational Systems Sciences|
- multi-sided markets