Blockchain as an external enabler of new venture ideas: digital entrepreneurs and the disintermediation of the global music industry

Chalmers, D. , Matthews, R. and Hyslop, A. (2021) Blockchain as an external enabler of new venture ideas: digital entrepreneurs and the disintermediation of the global music industry. Journal of Business Research, 125, pp. 577-591. (doi: 10.1016/j.jbusres.2019.09.002)

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Abstract

This study explores some of the work entrepreneurial firms engage in to discover and then apply external enablers when developing new venture ideas. We present the results of our empirical research that examines digital entrepreneurs seeking to disintermediate the music industry. Through analysis of 32 start-up white papers and 18 interviews, we identify three interlinked enablers of new venture ideas in this context: blockchain, ideology and market volatility. Furthermore, we identify a range of venture-level shaping practices and field-level work that describes the framing and legitimizing activities undertaken by entrepreneurs to unlock the full potential of external enablers. This extends recent external enabler theory by proposing a novel actor-dependent category should be advanced in order to capture unique properties of digital entrepreneurship phenomenon, specifically where technological enablers are editable, interactive, reprogrammable and distributed.

Item Type:Articles
Keywords:Digital entrepreneurship, blockchain, digital platforms, external enablers, ideology, music industry.
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Chalmers, Professor Dominic
Authors: Chalmers, D., Matthews, R., and Hyslop, A.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Journal of Business Research
Publisher:Elsevier
ISSN:0148-2963
ISSN (Online):1873-7978
Published Online:10 September 2019
Copyright Holders:Copyright © 2019 Elsevier Inc.
First Published:First published in Journal of Business Research 125:577-591
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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