Blockchain technology enables new ways of organizing economic activities, reduces costs and time associated with intermediaries, and strengthens the trust in an ecosystem of actors. The impact of this seminal technology is reflected by an upcoming research stream and various firms that examine the potential uses of blockchain technology. While there are promising use cases of this new technology, research and practice are still in their infancy about altering existing and creating new business models. We develop a taxonomy of blockchain business models based on 99 blockchain ventures to explore the impact of blockchain technology on business models. As a result, we identify five archetypal patterns, which enhance our understanding of how blockchain technology affects existing and creates new business models. We propose to use these results to discover further patterns fueled by blockchain technology and illustrate how firms can use blockchain technology to innovate their business models.

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The impact of blockchain technology on business models – a taxonomy and archetypal patterns

As a decentralized distributed ledger, blockchain has developed rapidly since its birth and has been highly valued by governments, academia, and industry. Start in the financial field, blockchain technology has been rapidly applied to various fields such as the Internet of Things, supply chain, and healthcare. Blockchain technology has made sufficient development and innovation, but it also faces many challenges, such as security, scalability, and waste of resources. This paper starts with the development history of blockchain and combines the characteristics and technical principles of it to analyze the current academic research status and application scenarios. Meanwhile, this paper analyzes the existing outstanding blockchain projects and elaborates on their key advantages and current challenges. With discussing the ongoing development trend of blockchain, the development direction, and the research trend of blockchain in the future, this paper provides a useful reference for related research.

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Focus on Blockchain: A Comprehensive Survey on Academic and Application

Blockchain for Internet of things applications: A review and open issues

Blockchain applications have continuously improved ever since its first debut on cryptocurrency. From then on, its uses have branched out from the financial realm, finding their way into numerous industries such as health, environmental, and governmental. Businesses are starting to take advantage of the intrinsic traits that made blockchain so notorious into their operations, such as security, integrity, and transparency. Blockchain’s versatility allows companies to cooperate on a shielded environment with business partners safely. This paper details how permissioned blockchain networks can accommodate collaborative business models securely to provide thriving business alliances. Examples of cooperative business models and business relationship orientation are described here, as well as how they generate value when paired with permissioned blockchain networks - a more business-oriented variety of blockchain. To support this study’s endeavors, business use cases are presented to highlight how simple it is to put in place a permissioned blockchain to businesses to achieve tighter bonds with business partners. The use cases contain particular goals that enterprises seek to accomplish by partnering up with other companies, as well as how, with the employment of blockchain, they can attain them.

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Blockchain for Collaborative Businesses

Since ancient times, agriculture has been one of the most important resources of national development. At a national level, clean energy is a strategic objective of Romania, in accordance with the EC directive 2016/30.11.2016 (“Clean Energy for All”). At a European level, the European Commission published in January 2019 the “Towards a Sustainable Europe by 2030” strategy, highlighting the strategic importance of the Internet of Things (IoT) and blockchain technologies. In this context, the synergy between the energy management of a hybrid energy system and blockchain technology, applied to farmers’ associations, represents a priority research direction in the field of information and communication technology, blockchain, and security. This paper presents the integration of the management of the energy produced by photovoltaic panels owned by farmers’ association, to support the variable energy demand (necessary for water pumps, charging stations of the electric agricultural machines, the animal farms, and the auxiliary equipment) based on the IoT, DLT, blockchain technologies and smart contracts applied to farmers associations registered as users of the SmartFarm platform.

https://www.mdpi.com/2227-7390/8/12/2182/pdf

Efficient and Secure Strategy for Energy Systems of Interconnected Farmers′ Associations to Meet Variable Energy Demand

Focusing on the overlapping areas of the logistics industry with a large number of mature blockchain applications and the public welfare industry that requires high transparency and credibility, this paper designs and implements an innovative philanthropy logistics platform based on blockchain technology through the Ethereum platform. Our platform makes use of the open, transparent, and irrevocable features of the blockchain, combined with a unique Responsibility Relay System and Evaluation and Reporting Mechanism, and can achieve the consistency of the data on the chain with real-world status, as well as the authenticity and transparency of philanthropy logistics data. This paper also establishes a model for evaluating philanthropy material donations for social welfare based on the classic network maximum flow algorithm. After four months of empirical analysis, we have concluded that the blockchain platform can greatly increase the user's trust in the project, enhance the system's cleanliness coefficient and increase the quality of philanthropically raised materials, thereby improving the public welfare of charitable donations. The paper draws the conclusion that this blockchain platform is a technical solution for maximizing social welfare.

Xin Tu

Papers

Public Philanthropy Logistics Platform Based on Blockchain Technology for Social Welfare Maximization