Stakeholders' Blockchain Engagement: An Interdependence Theory's Principle of Interaction's Framework

This study investigates the intersection of blockchain technology, stakeholder engagement, and business sustainability, focusing on customers and employees. By introducing the concept of stakeholders' blockchain engagement and integrating Interdependence theory's principle of interaction facets, the research highlights how blockchain's engagement antecedents—decentralization, privacy/anonymity, immutability, traceability, and transparency— influence stakeholder engagement. The findings suggest that these antecedents enhance trust, control, and transparency, leading to improved customer loyalty and employee satisfaction. These outcomes contribute to long-term business sustainability by fostering stronger relationships, reducing turnover, and promoting ethical practices.

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Publication Details

Journal
Scientific Papers of the University of Pardubice. Series D, Faculty of Economics and Administration
Published
2024-12-12
DOI
https://doi.org/10.46585/sp32022089
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Stakeholders' Blockchain Engagement: An Interdependence Theory's Principle of Interaction's Framework

Airi Freimuth
Scientific Papers of the University of Pardubice. Series D, Faculty of Economics and Administration
Blockchain Technology Applications and Security
article

Stakeholders' Blockchain Engagement: An Interdependence Theory's Principle of Interaction's Framework

Airi Freimuth
article en

Abstract

This study investigates the intersection of blockchain technology, stakeholder engagement, and business sustainability, focusing on customers and employees. By introducing the concept of stakeholders' blockchain engagement and integrating Interdependence theory's principle of interaction facets, the research highlights how blockchain's engagement antecedents—decentralization, privacy/anonymity, immutability, traceability, and transparency— influence stakeholder engagement. The findings suggest that these antecedents enhance trust, control, and transparency, leading to improved customer loyalty and employee satisfaction. These outcomes contribute to long-term business sustainability by fostering stronger relationships, reducing turnover, and promoting ethical practices.

Scientific Papers of the University of Pardubice. Series D, Faculty of Economics and AdministrationVol. 32(2)
Tallinn University of Technology (EE)
Reduced inequalities
Openalex Percentile: Top 64%
Blockchain Technology Applications and Security
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