Leveraging blockchain technology for green innovation in ecosystem-based business models: A dynamic capability of values appropriation

Tachia Chin, Yi Shi, Sanjay Kumar Singh (Lead / Corresponding author), George Kwame Agbanyo, Alberto Ferraris

    Research output: Contribution to journalArticlepeer-review

    121 Citations (Scopus)

    Abstract

    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.

    Original languageEnglish
    Article number121908
    Number of pages11
    JournalTechnological Forecasting and Social Change
    Volume183
    Early online date1 Aug 2022
    DOIs
    Publication statusPublished - Oct 2022

    Keywords

    • Blockchain technology
    • Business model
    • Disruptive technology
    • Dynamic capability
    • Ecosystem
    • Value appropriation

    ASJC Scopus subject areas

    • Business and International Management
    • Applied Psychology
    • Management of Technology and Innovation

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