Chain Reactions. Investigating the Impact of Blockchain on the Sharing Economy

Master's Thesis from the year 2017 in the subject Business economics - Miscellaneous, grade: Distinction, University of Warwick, language: English, abstract: The aim of the presented work is to determine common issues of modern concepts of the sharing economy that can be effectively solved through Blockchain applications. Furthermore, a practical framework is provided that addresses the key factors of implementing Blockchain technology in sharing economy concepts. The very essence of the sharing economy pertains to old market principles that are coupled with new interpretations, dimensions, and potential. Driven by socio-economic factors, it revolves around a) conscious consumption in a decentralised manner, b) accessibility over ownership, and c) extraordinary efficiency. Thus, it mirrors a new 'zeitgeist' which is dawning in various parts of the world. Since technology is a key enabler of sharing economy concepts, Blockchain stands out as a disintermediating and disruptive technology. The hype among information technology enthusiasts, financial investors and traders brings back memories of the dot-com bubble. One important lesson learned from this was the urgent need to distil viable, beneficial and future-oriented business models.