IJOFELE Published Article Details

Abstract Blockchain technology has rapidly evolved from its origins as a decentralized ledger for cryptocurrency into a powerful technological infrastructure that promises to revolutionize diverse industries. Characterized by immutability, transparency, and decentralization, blockchain enables secure peer-to-peer transactions without intermediaries, creating new possibilities for value creation, organizational design, and market structure (Casino et al., 2019; Xu et al., 2019). In the entrepreneurial context, these features present substantial opportunities for innovation, disintermediation, and improved trust between stakeholders, particularly in ecosystems where information asymmetry and high transaction costs have traditionally hindered efficiency (Iansiti & Lakhani, 2017; Risius & Spohrer, 2017). The increasing interest in digital entrepreneurship, coupled with the demand for more resilient and adaptable business models, has made the adoption of blockchain particularly appealing to startups and innovation-driven enterprises. Blockchain platforms, smart contracts, and tokenization mechanisms are not only disrupting traditional business processes but also enabling the emergence of decentralized autonomous organizations (DAOs) and new modes of entrepreneurial governance (Chen et al., 2020; Frizzo-Barker et al., 2020). However, despite these potentials, there remains limited synthesis in the literature regarding the overarching implications of blockchain on entrepreneurial management practices. KEYWORDS: Blockchain, Entrepreneurial Management, Business Model Innovation, Governance, Decentralized Ecosystem