Blockchain Technology and Non-Fungible Tokens: Reshaping Value Chains in Creative Industries
73 Pages Posted: 26 Aug 2018
Date Written: May 10, 2018
This paper offers an analysis of cryptocurrencies and blockchain’s technical underpinnings, specifically of Non-Fungible tokens and “cryptocollectibles”, and the changes these innovations can bring about in the art market and creative industries at large. The paper is based on a resource-based analysis of creative industries, their value chains and the various bargaining powers and revenue sharing of the industries’ agents.
Keywords: blockchain, creative industries, tokens, cryptocollectibles, cryptocurrencies, bitcoin, ethereum, value chain, digitization, tokenization
JEL Classification: L17, L22, L86, L82, O31
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