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  4. Reorganization and participation in decentralized platform ecosystems: evidence from blockchain forking
 
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Reorganization and participation in decentralized platform ecosystems: evidence from blockchain forking
File(s)
Hsieh & Anderson 2023.pdf (1000.71 KB)
Published version
Author(s)
Hsieh, Ying-Ying
Andersen, Jonas
Type
Conference Paper
Abstract
Like any organizational system, platform ecosystems reorganize to update its alignment with the internal and external environments. However, unlike reorganizations of centrally managed platforms performed by the owners, reorganizations of decentralized platforms ecosystems do not rely on formal authority. Instead, the network self-reorganizes to renew the structure, rules, and information to evolve. Little is known about how self-reorganizations influence the participation of various types of networks. In this study, we investigate nine reorganization events on Ethereum, a blockchain-based decentralized smart contract platform, to unpack how self-reorganization related to hard forking influence participation in the development, validation, transaction, and complementor networks. We find that, while participation increases across all networks show a small increase after hard forking events, more complex dynamics are at play within each network that builds on delicate trade-offs between participation structure, configuration, and incentives. Our findings have implications for blockchain research as well as for start-ups building decentralized applications on top of decentralized smart contract platforms.
Date Issued
2023-01-03
Date Acceptance
2022-08-18
Citation
Proceedings of the 56th Hawaii International Conference on System Sciences, 2023, 4, pp.5363-5371
URI
http://hdl.handle.net/10044/1/101410
URL
https://hdl.handle.net/10125/103288
ISBN
978-0-9981331-6-4
Start Page
5363
End Page
5371
Journal / Book Title
Proceedings of the 56th Hawaii International Conference on System Sciences
Volume
4
Copyright Statement
© 2023 The Author(s). Published open access under a CC-BY-NC-ND License (https://creativecommons.org/licenses/by-nc-nd/4.0/)
License URL
https://creativecommons.org/licenses/by-nc-nd/4.0/
Identifier
https://hdl.handle.net/10125/103288
Source
Hawaii International Conference on System Sciences
Publication Status
Published
Start Date
2023-01-03
Finish Date
2023-01-06
Coverage Spatial
Hawaii, USA
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