Token-Exchanges as a Mechanism to Create and Scale Blockchain Platform Ecosystems

45 Pages Posted: 24 Dec 2019

See all articles by Nikolaus Lipusch

Nikolaus Lipusch

University of Kassel - Information Systems; University of St. Gallen

Dominik Dellermann

University of Kassel - Information Systems

Philipp Ebel

University of Kassel - Information Systems

Ahmad Ghazawneh

IT University of Copenhagen

J. M. Leimeister

University of St. Gallen; University of Kassel - Information Systems

Date Written: August 9, 2019

Abstract

Building ecosystems is a highly complex endeavor. With the rise of new blockchain platform ecosystems, so-called token exchanges emerged as new mechanisms to facilitate the creation and scaling of these ecosystems. To examine these mechanisms in further detail we employ an exploratory, single case study on the case of Ethereum and draw on boundary resources theory as a theoretical lens to analyze the case. Our results suggest that token exchanges act as boundary resources that facilitate the creation and scaling of platform ecosystems thereby eliciting new types of network effects. They do so through known boundary resources such as monetizing and resourcing. Moreover, tokens allow also new boundary resources such as sharing, attracting and coordinating that elicit new types of network effects that are crucial for the success of developing new platform ecosystems.

Keywords: Blockchain, Token Exchanges, Platform Ecosystems, Network Effects

JEL Classification: O33, M15

Suggested Citation

Lipusch, Nikolaus and Dellermann, Dominik and Ebel, Philipp and Ghazawneh, Ahmad and Leimeister, Jan Marco, Token-Exchanges as a Mechanism to Create and Scale Blockchain Platform Ecosystems (August 9, 2019). Available at SSRN: https://ssrn.com/abstract=3434941 or http://dx.doi.org/10.2139/ssrn.3434941

Nikolaus Lipusch (Contact Author)

University of Kassel - Information Systems ( email )

Nora-Platiel 4
Kassel, 34127
Germany

University of St. Gallen ( email )

Langgasse 1
St. Gallen, 9008
Switzerland

Dominik Dellermann

University of Kassel - Information Systems

Pfannkuchstra├če 1
Kassel, 34121
Germany

Philipp Ebel

University of Kassel - Information Systems ( email )

Nora-Platiel 4
Kassel, 34127
Germany

Ahmad Ghazawneh

IT University of Copenhagen

Denmark

Jan Marco Leimeister

University of St. Gallen ( email )

Varnbuelstr. 14
Saint Gallen, St. Gallen CH-9000
Switzerland

University of Kassel - Information Systems ( email )

Nora-Platiel 4
Kassel, 34127
Germany

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