Decentralized Platform Ecosystems for Data-Sharing and Digital Trust in Industrial Environments

Kilian Schmück (), Monika Sturm () and Oliver Gassmann ()
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Kilian Schmück: University of St. Gallen
Monika Sturm: Siemens
Oliver Gassmann: University of St. Gallen

A chapter in Connected Business, 2021, pp 127-136 from Springer

Abstract: Abstract Manufacturing companies and the asset-heavy industry worldwide are trying to keep up with the digital age and connected business era. Data orchestration becomes a crucial aspect of connected business. In the business-to-customer segment, platform companies have already established centralized platforms for connecting end consumers and business new value based on machine learning. However, centralized platforms create concentrated or quasi-monopolistic market structures that become a hurdle when data sovereignty and privacy concerns become more important than user experience. Thus, especially in the business-to-business segment, blockchain-based decentralized platforms exploit enormous opportunities. These decentralized platforms are not controlled and owned by one single party but are coordinated and operated through a “coopetition” network of the associated stakeholders to establish a joint and neutral digital marketplace. The underlying article elaborates upon this opportunity of decentralized digital platforms from an industrial perspective. Additionally, it is indicated which concrete factors will eventually lead to successful decentralized platforms.

Keywords: Decentralized platforms; Industrial data; Data sovereignty; Value creation; Connected businesses; Digital marketplaces; Blockchain (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76897-3_7

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DOI: 10.1007/978-3-030-76897-3_7

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