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DC Field | Value | Language |
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dc.contributor.author | Chen, W | - |
dc.contributor.author | Botchie, D | - |
dc.contributor.author | Braganza, A | - |
dc.contributor.author | Han, H | - |
dc.date.accessioned | 2022-01-04T16:57:29Z | - |
dc.date.available | 2022-01-04T16:57:29Z | - |
dc.date.issued | 2022-01-19 | - |
dc.identifier | ORCID iD: Weifeng Chen https://orcid.org/0000-0002-5850-0759 | - |
dc.identifier | ORCID iD: David Botchie https://orcid.org/0000-0002-2776-6941 | - |
dc.identifier | ORCID iD: Ashley Braganza https://orcid.org/0000-0003-4989-6656 | - |
dc.identifier.citation | Chen, W. et al. (2022) 'A transaction cost perspective on blockchain governance in global value chains', Strategic Change, 31 (1), pp. 75-87. doi: 10.1002/jsc.2487. | en_US |
dc.identifier.issn | 1086-1718 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/23866 | - |
dc.description.abstract | Copyright © 2022 The Authors. This study advances theoretical insights into blockchain adoption in the context of global value chains from a transaction cost theory perspective. The research has adopted an exploratory qualitative approach using the Netnography method to scrutinize the case of TradeLens—a thriving blockchain-enabled ecosystem that Maersk and IBM jointly developed. This study applies textual and audiovisual data from company websites and social media. Our findings indicate blockchain technology's salient and strategic relevance in streamlining business processes, improving efficiency, enhancing visibility, transparency, and traceability for value creation in the global value chains. This investigation supports the notion that blockchain, as a disruptor, will transform global trade with the digital tools to share real-time information and collaborate security to reduce search and information cost, policing and enforcement cost in global economic transactions and administrative friction in trade. In contrast, the bargaining cost will increase if the information for the transaction is hard to verify where human actor intervention will be required, implying relatively higher designing costs in codifying the agreements in smart contracts. | - |
dc.format.extent | 75 - 87 | - |
dc.format.medium | Print-Electronic | - |
dc.language.iso | en | en_US |
dc.publisher | John Wiley & Sons Ltd on behalf of Birkbeck | en_US |
dc.rights | Copyright © 2022 The Authors. Strategic Change published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. | - |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | - |
dc.subject | blockchain | en_US |
dc.subject | ecosystem | en_US |
dc.subject | global value chain | en_US |
dc.subject | governance | en_US |
dc.subject | platform‐based business model | en_US |
dc.title | A transaction cost perspective on blockchain governance in global value chains | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1002/jsc.2487 | - |
dc.relation.isPartOf | Strategic Change | - |
pubs.issue | 1 | - |
pubs.publication-status | Published | - |
pubs.volume | 31 | - |
dc.identifier.eissn | 1099-1697 | - |
Appears in Collections: | Brunel Business School Research Papers |
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FullText.pdf | Copyright © 2022 The Authors. Strategic Change published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. | 856.35 kB | Adobe PDF | View/Open |
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