{"title":"NFT-enabled organization design: prospects, promises and hurdles","authors":"Patrick Nicolas Tinguely, Yash Raj Shrestha","doi":"10.1007/s41469-023-00154-w","DOIUrl":null,"url":null,"abstract":"Abstract Non-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).","PeriodicalId":36404,"journal":{"name":"Journal of Organization Design","volume":"48 1","pages":"0"},"PeriodicalIF":2.1000,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Organization Design","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s41469-023-00154-w","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract Non-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).
期刊介绍：
The Journal of Organization Design is the intellectual home of organization design thinking. Drawing on a wide variety of disciplines, organization design analyzes how organizations work, and how they can work better, focusing on the choices about structures, systems, and processes that drive various organizational outcomes.
The journal advances understanding of topics important to academic researchers and industry professionals alike. We aim to publish novel research and commentary on known or emerging organization design concepts and phenomena; examine new technologies for the design and management of organizations; derive practical implications from existing studies; and analyze new and unusual forms of organizing.
We welcome high-quality submissions that expand on the foundations of organization design and uncover new phenomena. Uniquely, authors can choose from numerous article formats, providing customized vehicles for expression. Articles are peer-reviewed, written, and read not only by design scholars, but also by managers within organizations.
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