VALUE CREATION AND VALUE ADDED IN BLOCKCHAIN TECHNOLOGY

Kai Chen, Roxana Stegerean and Razvan Liviu Nistor

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2018, vol. 12, issue 1, 862-878

Abstract: Blockchain technology has been evolved in the last years and its area of utilization has been increased, also. The purpose of this study is to analyze the relationship between organizations using the above mentioned technology and value, to identify the general and specific sources of value, respectively. The evaluation of value perceptions is a long-term research while the blockchain-based projects are very recent. Therefore, the value creation and value added concepts are very helpful for start-ups, entrepreneurs as well as stakeholders. Considering the untraditional management of such organization the paper presents the traditional approach of value- created and added and adapts them in the area of information technology through the specific instrument of these businesses- smart contract. Also, how other aspects like decentralized management or virtual coin could develop value for business are discussed. The outcome is that the paper offers some conclusions which could be helpful for investors but, more important for those who want to develop projects using this new technology.

Keywords: blockchain technology; decentralized management; smart contracts; value creation; value added (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:12:y:2018:i:1:p:862-878

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