TY - JOUR
T1 - Leveraging blockchain technology for green innovation in ecosystem-based business models
T2 - A dynamic capability of values appropriation
AU - Chin, Tachia
AU - Shi, Yi
AU - Singh, Sanjay Kumar
AU - Agbanyo, George Kwame
AU - Ferraris, Alberto
N1 - Funding Information:
Organizational Capability and Leadership Improvement Project of the Changchun New Oriental Education Training School (SKY-HX-20200193); Binjiang—the Road to A Better Life Project (SKY-HX-20210158); and Organization Leadership Improvement Project of the Chinese Institute of Business Administration (SKY-HX-20210188).
Publisher Copyright:
© 2022
PY - 2022/10
Y1 - 2022/10
N2 - 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.
AB - 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.
KW - Blockchain technology
KW - Business model
KW - Disruptive technology
KW - Dynamic capability
KW - Ecosystem
KW - Value appropriation
UR - http://www.scopus.com/inward/record.url?scp=85135379525&partnerID=8YFLogxK
U2 - 10.1016/j.techfore.2022.121908
DO - 10.1016/j.techfore.2022.121908
M3 - Article
AN - SCOPUS:85135379525
SN - 0040-1625
VL - 183
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 121908
ER -