Abstract
Drawing on complexity theory, we investigate the structuring processes and underlying mechanisms underpinning the emergence of a new technology. Empirically, we track the emergence of blockchain technology by examining international patents issued between 2009 and 2020. Our results indicate that technology emergence follows an evolutionary trajectory that progresses from disordered to structured interactions among the technological elements, culminating in the formation of a technological core that acts as a pole of attraction for further interactions and delineates boundaries within the technological domain. Technology structuring is fueled by what we term “technology fitness” and “self-reinforcing” mechanisms that progressively transform primitive structures into more complex, self-organized configurations. Our study offers a novel framework of technology emergence, highlighting how dispersed bits of technological knowledge gradually aggregate into complex structures that define the specific trajectory of a particular domain.
Original language | English |
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Pages (from-to) | 1-30 |
Journal | Journal of Management |
Early online date | 30 Apr 2024 |
DOIs | |
Publication status | E-pub ahead of print - 30 Apr 2024 |
Acknowledgements
The authors wish to express gratitude to editor Gokhan Ertug and two anonymous reviewers for their insightful feedback throughout the review process. We are also thankful to Silvio Piredda and Paolo Mattana for their valuable support to research assistance and model development. Special thanks to Elisa Operti, Riccardo Fini,and Ryan Krause for their insightful feedback during the manuscript’s final review stage.
Funding
The authors wish to express gratitude to editor Gokhan Ertug and two anonymous reviewers for their insightful feedback throughout the review process. We are also thankful to Silvio Piredda and Paolo Mattana for their valuable support to research assistance and model development. Special thanks to Elisa Operti, Riccardo Fini, and Ryan Krause for their insightful feedback during the manuscript\u2019s final review stage. This study was funded by the Italian Ministry of Education, University, and Research (MIUR) as part of the Research Projects of National Interest (PRIN) program (CUP F53D23002990006).
Funders | Funder number |
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Ministero dell’Istruzione, dell’Università e della Ricerca | CUP F53D23002990006 |
Keywords
- blockchain
- complexity theory
- innovation
- patents
- structuring
- technology emergence
ASJC Scopus subject areas
- Finance
- Strategy and Management