Leveraging blockchain technology for green innovation in ecosystem-based business models: A dynamic capability of values appropriation

Tachia Chin, Yi Shi, Sanjay Kumar Singh, George Kwame Agbanyo and Alberto Ferraris

Technological Forecasting and Social Change, 2022, vol. 183, issue C

Abstract: Stakeholders' pressure for environmental sustainability asks firms to develop ecosystem-based business models (EBMs) driven by a disruptive technology that strategically prioritizes green innovation. Given the infancy of the relevant issues, there is scarce empirical evidence addressing how blockchain technology (BT) as a typical disruptive technology triggers the formation of EBMs with higher levels of platformisation and stakeholder diversity. To address this need, from the dynamic capability view, we identify value appropriation capability (VAC) as a vital catalyst translating BT into realizing green innovation in EBMs. Our results indicate that BT and VAC positively affect green innovation performance, while VAC also mediates the BT-green innovation relationship in EBMs. The main contribution is to offer new insight into the mechanisms between disruptive technology and the evolution towards EBMs through the lens of a previously under-researched dynamic capability, VAC. We also provide feasible, practical guidance for organizations to inspire green innovation and establish sustainable EBMs.

Keywords: Disruptive technology; Blockchain technology; Ecosystem; Business model; Dynamic capability; Value appropriation (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:183:y:2022:i:c:s0040162522004310

DOI: 10.1016/j.techfore.2022.121908

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