Blockchain Value Networks

Abstract

This paper presents my ideas on how blockchain technology and distributed ledger technology in general can facilitate the establishment and management of open value networks and value networks in general. The paper defines value networks, open value networks, business-ecosystems and collaboration spaces. The paper also argues that the Resource-Event-Agent (REA) ontology can offer valuable support for describing the collaboration spaces of which value networks are composed. The paper also discusses the nature, relevance, potential impact and issues of the blockchain technology. Finally, the paper proposes an MDA approach for both smart-contract and blockchain development to address the listed blockchain technology issues.