Elevating Business Models to the Ecosystem Level: Evidence from Web3 and Beyond

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dc.contributor.authorBengts, Annika
dc.contributor.authorEloranta, Ville
dc.contributor.authorHakanen, Esko
dc.contributor.authorTurunen, Taija
dc.contributor.authorTullney, Valeska
dc.date.accessioned2023-12-26T18:45:45Z
dc.date.available2023-12-26T18:45:45Z
dc.date.issued2024-01-03
dc.identifier.doihttps://doi.org/10.24251/HICSS.2024.608
dc.identifier.isbn978-0-9981331-7-1
dc.identifier.other017beb86-0231-4ae7-b38e-89db30e1dddf
dc.identifier.urihttps://hdl.handle.net/10125/106993
dc.language.isoeng
dc.relation.ispartofProceedings of the 57th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectWeb3 Technologies for Digital Innovation and Transformation
dc.subjectblockchain
dc.subjectbusiness model
dc.subjectecosystem
dc.subjectvalue capture
dc.subjectvalue creation
dc.titleElevating Business Models to the Ecosystem Level: Evidence from Web3 and Beyond
dc.typeConference Paper
dc.type.dcmiText
dcterms.abstractBusiness models integrate activities for value creation and capture. While ecosystems have emerged as potent catalysts for value creation through collaborative innovation, the common understanding is that value capture occurs within individual firms. This paper challenges this dichotomy. In an empirical study using a polar types case approach, we first illustrate how two ecosystems employ decentralization technology, specifically blockchain-based Web3 platforms, to elevate value capture to the ecosystem level. We then outline the implications beyond the blockchain domain using two non-Web3 cases. Specifically, we show—from the perspectives of value proposition, value constellation, and profit equation—how business models can rise to the ecosystem level.
dcterms.extent10 pages
prism.startingpage5071

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