- The platform economy is booming. However, platform business models are
often based on powerful monopolies or oligopolies, leading stakeholders
to look for more balanced ecosystems. As blockchain technology offers
decentralized solutions, it appears attractive for replacing such platforms.
However, many blockchain applications are still in an early stage. This paper
scrutinizes how the blockchain affects the platform economy and whether
relevant blockchain applications with product/market fit exist. The paper
draws on a qualitative mixed-method approach followed by a case analysis
to develop a basic framework for assessing the impact of blockchains on
platform economies. The results are illustrated by means of a blockchain
based platform with a proven product/market fit. Options for incumbent
firms to draw on this new infrastructure are outlined.