Next Generation Home Sharing: Disrupting Platform Organizations with Blockchain Technology and the Internet of Things?

Patrick Schneck (), Andranik Tumasjan () and Isabell M. Welpe
Additional contact information
Patrick Schneck: Technical University of Munich
Andranik Tumasjan: Johannes Gutenberg University of Mainz
Isabell M. Welpe: Technical University of Munich

A chapter in Blockchain and Distributed Ledger Technology Use Cases, 2020, pp 267-287 from Springer

Abstract: Abstract During the last decade, the sharing economy has given birth to a number of market mediators, which have grown to become the world’s most valuable companies. Centralized sharing platforms like Uber, Didi Chuxing, and Airbnb have transformed several traditional industries. However, with the rise of the blockchain technology, some voices predict that these platform companies will soon be at risk of being disrupted themselves. In this chapter, we address the question of whether blockchain technology has given birth to a new breed of sharing economy platforms that can challenge the incumbents’ business models. We identify five different stages of the application of blockchain technology in emerging home sharing startups. We use a stage model to explain the differences among various types of platforms, from which we derive the impact of their differences on potential market success. However, in the home sharing sector, simply copying Airbnb’s business model and rebuilding it with blockchain technology is not sufficient for any of the emerging startups to overcome the prevalent barriers to entry. Hence, we use our results to illustrate whether and under what conditions blockchain-based startups might be able to “change the game” in the home sharing economy. Our results indicate that most blockchain-based home sharing startups will likely not be able to truly challenge the incumbent platforms. Nevertheless, by analyzing the different ways of blockchain implementation in the home sharing sectors, we identify several critical factors that may increase the chance to prosper for emerging blockchain home sharing networks.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:prochp:978-3-030-44337-5_13

Ordering information: This item can be ordered from
http://www.springer.com/9783030443375

DOI: 10.1007/978-3-030-44337-5_13

Access Statistics for this chapter

More chapters in Progress in IS from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().