| Title | Sustainable innovation in the metaverse: Blockchain's role in new business models |
|---|---|
| ID_Doc | 34245 |
| Authors | Sze, L; Salo, J; Tan, TM |
| Title | Sustainable innovation in the metaverse: Blockchain's role in new business models |
| Year | 2024 |
| Published | Digital Business, 4, 2 |
| Abstract | This research aims to bridge a gap in the existing literature by investigating the role of the blockchain-based metaverse in fostering decentralized sustainable management, leveraging the principles of stakeholder capitalism theory. By conducting a content analysis of thirty-two expert reports from the blockchain-based metaverse industry, the study identifies five key attributes that can potentially cultivate innovation and decentralized sustainable management within the business domain. These attributes include a creator economy, a persistent synchronous virtual environment, decentralization, an interoperable network, and a digitalized mindset. The research underscores the need for stakeholders to adopt a sustainable approach when navigating the blockchainbased metaverse, highlighting the potential benefits achievable in a decentralized, hybrid physical-digital environment. This work stands as a pioneering effort in conceptualizing a theoretical framework that encapsulates decentralized sustainable management within the blockchain-based metaverse, underpinned by the principles of stakeholder capitalism. Thus, it contributes significantly to the academic discourse on the sustainable implications of blockchain technology in new business models. |
| https://doi.org/10.1016/j.digbus.2024.100086 |
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