Web3 Decentralized Business Models

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dc.contributor.authorKaae, Christina
dc.contributor.authorPedersen, Asger
dc.contributor.authorAgerskov, Signe
dc.contributor.authorBeck, Roman
dc.date.accessioned2023-12-26T18:48:18Z
dc.date.available2023-12-26T18:48:18Z
dc.date.issued2024-01-03
dc.identifier.doi10.24251/HICSS.2024.712
dc.identifier.isbn978-0-9981331-7-1
dc.identifier.othereca8e1cf-08db-452d-8ac2-630a0e5ff171
dc.identifier.urihttps://hdl.handle.net/10125/107097
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.subjectBlockchain Cases and Innovations
dc.subjectblockchain
dc.subjectbusiness model canvas
dc.subjectdecentralized business models
dc.subjecttokens.
dc.subjectweb3
dc.titleWeb3 Decentralized Business Models
dc.typeConference Paper
dc.type.dcmiText
dcterms.abstractThis paper presents key characteristics of Web3 and how the traditional business model canvas (BMC) requires update to support managers in the Web3 industry. The characteristics of Web3 include Dapps, wallets, interoperability, tokenization, distributed ownership, decentralized communities, creator economy, and token economy. This study investigates how a business model in Web3 is different from the traditional BMC by Osterwalder and Pigneur (2010) based on a Delphi study with a panel of eight experts from the Web3 industry. The contribution of the research outlines a nascent Web3 business model canvas with seven building blocks, which are complemented by two overarching components specific to the nascent Web3 business models: value co-creation and value distribution. Furthermore, the model expands on the blocks of community and customer, tokenomics, and incentive and reward structures.
dcterms.extent10 pages
prism.startingpage5918

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