Theory of Constraints and Bitcoin: Introducing a New Fulcrum

Rupert L. Matthews ()
Additional contact information
Rupert L. Matthews: Nottingham Business School, Nottingham Trent University, Nottingham NG1 4FQ, UK

Challenges, 2024, vol. 15, issue 1, 1-8

Abstract: Much of the attention on bitcoin relates to its ability to store value over time or whether you will one day by able to buy a cup of coffee with it. Much less attention is given to bitcoin’s potential role as a unit of account. This opinion piece proposes that bitcoin has potential to provide a consistent unit of account for organisations to adopt, but also to assist them in making and measuring meaningful business developments. The paper draws from the business improvement philosophy of Theory of Constraints to propose that unit of account, particularly within high inflation environments, is critical to consider. An illustrative case of a well-known publicly traded company, Microstrategy, provides an example and logic for a company choosing to integrate bitcoin into a business. The paper also gives attention to how the adoption of bitcoin can promote the development of renewable energy infrastructure and provide staff with opportunities for personal development to support their well-being. Opportunities for further research are identified to explore the integration of bitcoin within a business as well as with Theory of Constraints.

Keywords: theory of constraints; bitcoin; inflation; operational improvement; sustainable development (search for similar items in EconPapers)
JEL-codes: A00 C00 Z00 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2078-1547/15/1/7/pdf (application/pdf)
https://www.mdpi.com/2078-1547/15/1/7/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jchals:v:15:y:2024:i:1:p:7-:d:1329242

Access Statistics for this article

Challenges is currently edited by Ms. Karen Sun

More articles in Challenges from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().