Digital Ecosystems and Platform Economies

Prof. Tim Meyer, Ph.D.

Tim Meyer is Assistant Professor at the Center for Financial Services Innovation (FSI-HSG) and the Institute for Management and Strategy at the University of St.Gallen (IfB-HSG). Previously, he was a postdoc at the Institute for Strategy, Technology and Organization (ISTO) at LMU Munich and a PhD student at Bocconi University. His research focuses on how digital platforms affect firms' performance and competitive relationships, and how digital platforms can benefit from the products and services that complementors provide on them. He studies these issues in the context of financial services as well as in a number of other areas, such as news media or the hotel industry.

Selected research

Two Sides of the Same Coin? Decentralized Versus Proprietary Blockchains and Digital Currencies

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Two Sides of the Same Coin? Decentralized Versus Proprietary Blockchains and Digital Currencies

There is a shared view among practitioners that the blockchain is a revolutionary, decentralized technology that will have a larger impact than the internet. Firms are increasingly using blockchains for various applications; the most prominent of which to date are digital currencies. In this paper, we aim to increase our theoretical understanding of the driving forces behind the success and volatility of digital currencies. We use a detailed dataset of 345 digital currencies for our explorative analysis and identify some of the key factors that can explain their performance. We find that the success and volatility of digital currencies depends on their business type (i.e. whether they relate to a platform business or not) and on their technology type (i.e. whether they are based on their own specialized blockchain technology or on a third-party standardized platform blockchain). Our findings suggest that, paradoxically, to obtain the promised benefits of this decentralized technology, firms need to centralize part of it to retain control over critical strategic dimensions (data and rules for transaction). We discuss the implications of our discovery for other contexts undergoing digital transformation.

Publications and Vita

Tim Meyer

Prof. Ph.D.

Assistenzprofessor in digitale Ökosysteme und Plattformökonomien

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