Abstract
Research on blockchain technology has primarily focused on financial services, yet its broader applications and value drivers remain underexplored. Little attention has been given to identifying the necessary value sources within the Distributed Ledger Technology (DLT) ecosystem for effective composition by its entities. Our study identifies core elements that organizations should consider when adopting DLT to foster value co-creation with customers and partners. This study serves as a foundational step in establishing a value system to enhance the managerial activities within the DLT network. To fill this gap, we propose a conceptual framework that outlines essential Value Generation Objects (VGOs), also referred to as Capitals, which are critical for a well-functioning DLT ecosystem. By breaking down the DLT ecosystem into ecosystem members and the technology itself, we address the question, "What are the VGO elements essential for each DLT ecosystem entity?" Our framework provides a structured map of DLT ecosystem Capitals, offering scholars and managers an initial tool for understanding ecosystem composition. This model also establishes a basis for performance measurement, enabling entities to assess alignment between activities and value generation objectives
Recommended Citation
Papanikolaou, Efstathios and Angelopoulos, Spyros, "A Value-Based Perspective on Distributed Ledger Technology Adoption" (2025). UK Academy for Information Systems Conference Proceedings 2025. 31.
https://aisel.aisnet.org/ukais2025/31