Ethical Marketing in the Blockchain-Based Sharing Economy: Theoretical Integration and Guiding Insights

Since the introduction of Ethereum in 2015, blockchain technology (BT) has been evolving, and BT has been associated with the concept of the sharing economy by business academics. Despite the marketing research on the sharing economy that has been extensively conducted in the last decade, the linkag...

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Bibliographic Details
Published in:Journal of business ethics 2023-04, Vol.183 (4), p.1113-1140
Main Authors: Tan, Teck Ming, Salo, Jari
Format: Article
Language:English
Subjects:
Academic staff
Blockchain
Business
Business and Management
Business Ethics
Capitalism
Citation analysis
Economic research
Economic theory
Education
Ethics
Literature reviews
Management
Marketing
Original Paper
Philosophy
Quality of Life Research
Sharing economy
Stakeholders
Value chain
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Summary:Since the introduction of Ethereum in 2015, blockchain technology (BT) has been evolving, and BT has been associated with the concept of the sharing economy by business academics. Despite the marketing research on the sharing economy that has been extensively conducted in the last decade, the linkage between BT and ethical marketing in the sharing economy remains unclear. Through a systematic literature review of 163 articles and a co-citation analysis, this study identifies the key elements of blockchain capabilities, blockchain attributes, and the underlying economic theories of blockchain. It also synthesizes and proposes a shift of ethical marketing logic in the blockchain-based sharing economy that delineates the principles of stakeholder capitalism. The article concludes with a list of future research directions that underline three approaches of stakeholder theory (i.e., the descriptive, instrument, and normative approaches). These directions aim to guide marketing scholars concerning how BT enables an institutionally embedded view of ethical marketing activities and practices that enhance collaborative marketing and subsequently innovate value chains and create sustainable business models in the sharing economy, as well as to the metaverse.
ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-021-05015-8