Abstract
AbstractNon-fungible tokens (NFTs) are digital assets based on blockchain technology that are increasingly being used for various applications in organizations. Given NFTs’ unique technological features, we posit that traditional, centralized organizations can adopt them to introduce novel solutions to the fundamental problems of organizing, namely, division of labor and integration of efforts. We examine the prospects and promises of NFT-enabled organization design and suggest how organizations can navigate its potential hurdles. We discuss critical boundary conditions for the deployment of NFTs in organization design and conclude by articulating how our Point of View article contributes to scholarship on blockchain technology and decentralized autonomous organizations (DAOs).
Funder
Swiss Federal Institute of Technology Zurich
Publisher
Springer Science and Business Media LLC
Reference52 articles.
1. Art Plugged (2023) Amazon to launch NFT marketplace in April. https://artplugged.co.uk/amazon-to-launch-nft-marketplace-in-april/. Accessed 22 Aug 2023
2. Barrick M, Mount M, Li N (2013) The theory of purposeful work behavior: the role of personality, higher-order goals, and job characteristics. Acad Manag Rev 38:132–153. https://doi.org/10.5465/amr.2010.0479
3. Bartol KM, Srivastava A (2002) Encouraging knowledge sharing: the role of organizational reward systems. J Leadersh Org Stud 9(1):64–76. https://doi.org/10.1177/107179190200900105
4. Baytaş MA, Cappellaro A, Fernaeus Y (2022) Stakeholders and value in the NFT ecosystem: towards a multi-disciplinary understanding of the NFT phenomenon. Conference on Human Factors in Computing Systems, Association for Computing Machinery, New York, NY, USA, Article 211, 1–8. https://doi.org/10.1145/3491101.3519694
5. Bertocchi F (2023) Fractionalised NFTs - Making Non-Fungible Tokens Affordable. Coin Bureau. https://www.coinbureau.com/defi/fractionalised-nfts/. Accessed 1 Sep 2023