Browsing by Subject "Blockchain Technology"
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Item Restricted An Analysis of Decentralized Autonomous Organizations and Their Use Cases(2022) Sarah Helene Rentzsch; Mantel, Peter; Wagner, Evamaria; Faculty of Business Administration; Berlin International University of Applied SciencesAUTHOR-SUPPLIED ABSTRACT: Abstract: This paper provides an introduction to Decentralized Autonomous Organizations (DAOs), examining their use cases and comparing them with traditional hierarchical organizational models, with a focus on cost efficiency and transaction costs. Through secondary research, the concept of transaction cost theory and decentralization is established. The paper also explores the potential of blockchain technology and DAOs, highlighting use cases and future prospects. Primary research consists of semi-structured interviews with industry experts and DAO members. The results reveal variations in DAO formulations, a lack of societal utility-based use cases, and the potential risk of increasing the digital divide. While several benefits are identified, DAOs face challenges due to an insufficient legal framework and disagreements on the extent of cost savings in transaction costs. The paper concludes that further research is necessary, emphasizing the need to strengthen the existing qualitative research with extensive quantitative data models. Potential approaches for future research are presented. Keywords: Decentralized Autonomous Organizations, DAOs, hierarchical organizational models, cost efficiency, transaction costs, transaction cost theory, decentralization, blockchain technology, use cases, legal framework, digital divide, primary research, secondary research, qualitative research, quantitative data modelsItem Restricted The Rise of NFTs in the Football Industry : Analysis of Fan Engagement and Digital Collectibles(2023) Sara Michelle Dongmo; Koç, Hasan; Wood, Daniel; Faculty of Business Administration; Berlin International University of Applied SciencesAI-GENERATED ABSTRACT: Abstract: Non-fungible tokens (NFT) were adopted by the sports industry following the COVID pandemic as an innovative alternative to engage with the fan communities all over the world. In the context of football, the technology is used to create digital collectibles, such as tradable content pieces or memorabilia, and fan tokens. The holder of such assets would then enjoy exclusive benefits. The goal of this research is to gain a better understanding of the asymmetry this technology creates in an enjoyment perspective among football fans in Germany. Semi-structured interviews were conducted with three representatives of companies working as NFT creators in the market. The revised version of the Unified Theory of Acceptance and Use of Technology (UTAUT2) was used to outline the interview questions and to evaluate the level of adoption of the technology in the German football industry. Results showed that NFTs indeed increase the level of enjoyment of football fans, mostly due to their utility and benefits. However, as we are still in the early implementation of this innovation, criticism over the intrinsic value of NFTs has been raised. Sports institutions should reflect on it in order to improve their offerings in the future. Keywords: blockchain technology, non-fungible tokens, football, enjoyment, NFT creators, collectors, non-collectors