He, Dandan, Liu, Zheng ORCID: https://orcid.org/0000-0001-7240-3501, Yang, Qingqing and Ma, Lei (2022) The development of digital collection platform under responsible innovation framework: a study on China’s non-fungible token (NFT) industry. Journal of Open Innovation: Technology, Market, and Complexity, 8 (4):203. pp. 1-15. ISSN 2199-8531 (Online) (doi:10.3390/joitmc8040203)

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Abstract

The combination of non-fungible token (NFT) with paintings, music, games, videos and other forms of creative content is an innovation to protect the copyright of authors. It digitizes physical works with unique labels. At present, the NFT industry is blooming in the area of digital collections in China, attracting increasingly more artists, art collectors and platform enterprises to interact. However, the NFT digital collection platform is facing challenges and growth limitations. This study adopts the theory framework of responsible innovation. Through semi-structured interview and secondary document review, it analyzes the positive and negative effects of China’s NFT digital collections alongside technological, economical, ethical and social dimensions. The paper proposes four development paths to achieve responsible innovation of this emerging new business. Further discussion links NFT with open innovation dynamics, alongside areas for future research.

Item Type:	Article
Uncontrolled Keywords:	responsible innovation; non-fungible token (NFT); digital collection platform; platform innovation
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor T Technology > T Technology (General)
Faculty / School / Research Centre / Research Group:	Faculty of Business Greenwich Business School > Networks and Urban Systems Centre (NUSC) Greenwich Business School > School of Business, Operations and Strategy
Last Modified:	17 Oct 2024 16:21
URI:	http://gala.gre.ac.uk/id/eprint/46112

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