Siemens Research Cooperation on Decentralized Platforms

Exploring DLT-based business models

Supporting the democratization of platforms

The Internet Protocol (TCP/IP) has enabled tremendous innovation potential and created the platform economy due to digital information transfer. Through transparency and a reduction in transaction costs, new business models have emerged which address customers with superior user experiences. However, network effects and information asymmetry have created dominant platforms and quasi-monopolistic market structures.
 
Distributed Ledger Technologies (DLTs), such as Blockchain, provide a high potential for new business models through data sovereignty and disintermediation, and hence democratize the platform economy. To enable such a process of democratization, effective governance models and an understanding of the business model mechanisms are required.
 
Together with Siemens, a research cooperation was initiated in July 2018 to explore DLT-based business models and DLT governance mechanisms. The goal is to derive management implications to contribute to the democratization of the platform economy.

For more information please contact Kilian Schmück

KSchmueck
Kilian Schmück
Research Associate & PhD Candidate