Knowledge sharing across organisations (II): How blockchains provide incentives to jointly solve bus
Blockchains – frequently associated with Bitcoin and other cryptocurrencies – can provide valuable incentive schemes to share knowledge across organisations and to additionally stop free-riding. The appendix of this article lists various materials to better understand general technological, business, and social implications of blockchains which form the basis of the following solution. The basic suggestion of this article, however, does not require advanced technical knowledge, it is much simpler. And it applies to business and social problems alike. When actors contribute knowledge to networks, they can store their contribution in blockchain databases to which other firms have access. This
The digital world affects everyone yet is incredibly difficult to understand. Take Artificial Intelligence (AI), for example. While there is reasonable evidence to suggest that AI will affect us all, we have huge difficulties understanding how this impact will materialise. The situation of an unknown future, however, is not only puzzling to individuals. Organisations conducting business in the digital world face many uncertainties: How will technologies further develop? What impact will the developments have on us? A powerful approach to find answers to these questions is to exchange knowledge and experience in networks – collaborations of organisations operating in different customer segmen
An innovation ecosystem could be described as encompassing economic actors within the research and commercial economy, that are linked together to allow innovative discovery, located in geographical proximity with one another (Jackson, 2015). One would think that this proximity would generate diseconomies, such as competition leading to higher land prices. However, there is significant evidence that these ecosystems exist and continue to thrive. Therefore, there must be advantages that offset these costs. Alfred Marshall, the Cambridge economists for whom the current economics library receives its name, said that this is due to agglomeration economies, or external economies of scale. The thr
