Reorganization and Participation in Decentralized Platform Ecosystems: Evidence from Blockchain Forking

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dc.contributor.authorHsieh, Ying-Ying
dc.contributor.authorAndersen, Jonas
dc.date.accessioned2022-12-27T19:18:00Z
dc.date.available2022-12-27T19:18:00Z
dc.date.issued2023-01-03
dc.description.abstractLike any organizational system, platform ecosystems reorganize to update its alignment with the internal and external environments. However, unlike reorganizations of centrally managed platforms performed by the owners, reorganizations of decentralized platforms ecosystems do not rely on formal authority. Instead, the network self-reorganizes to renew the structure, rules, and information to evolve. Little is known about how self-reorganizations influence the participation of various types of networks. In this study, we investigate nine reorganization events on Ethereum, a blockchain-based decentralized smart contract platform, to unpack how self-reorganization related to hard forking influence participation in the development, validation, transaction, and complementor networks. We find that, while participation increases across all networks show a small increase after hard forking events, more complex dynamics are at play within each network that builds on delicate trade-offs between participation structure, configuration, and incentives. Our findings have implications for blockchain research as well as for start-ups building decentralized applications on top of decentralized smart contract platforms.
dc.format.extent9
dc.identifier.doi10.24251/HICSS.2023.654
dc.identifier.isbn978-0-9981331-6-4
dc.identifier.urihttps://hdl.handle.net/10125/103288
dc.language.isoeng
dc.relation.ispartofProceedings of the 56th 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.subjectBlockchain Cases and Innovations
dc.subjectblockchain
dc.subjectethereum
dc.subjectplatform ecosystems
dc.subjectreorganization
dc.subjectself-organizing
dc.titleReorganization and Participation in Decentralized Platform Ecosystems: Evidence from Blockchain Forking
dc.type.dcmitext
prism.startingpage5363

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