Paper Details

The potential implications of blockchain technology on the collaborative economy (CE), also known as the sharing economy, are highlighted in this paper. The first part of this conceptual examination looks at how the CE interacts with blockchain technology. Collaborative consumption entails a boost in peer-to-peer trading, backed up by solid digital infrastructures and processes, resulting in higher use of new technologies and a rethinking of company operations. The CE is prone to incorporating the most recent technological breakthroughs, such as artificial intelligence, big data analysis, augmented reality, the smart grid, and blockchain technology, since it is an intrinsically linked economy. The analysis then goes on to look at the organizational and management ramifications of using blockchain technology in terms of governance, transaction costs, and user trust. Finally, a case study looks at the function of a popular social networking site (such as Facebook) in the CE-blockchain nexus.

Blockchain technology, Collaborative economy, Cryptocurrency, Digital economy