Patent analysis based technology innovation assessment with the lens of disruptive innovation theory: A case of blockchain technological trajectories

Bhatt, Priyanka C, Lai, Kuei-Kuei, Drave, Vinayak A., Lu, Tzu-Chuen and Kumar, Vimal (2023) Patent analysis based technology innovation assessment with the lens of disruptive innovation theory: A case of blockchain technological trajectories. Technological Forecasting and Social Change, 196: 122864. ISSN 0040-1625

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Abstract

The technological innovation period has reduced drastically in the current era giving rise to constantly new disruptive technologies, which may seem discreet; however, their evolution is also derived from the previous technological path. This study aims to identify the technology trajectory and evolution phases of disruptive technology, Blockchain, with respect to its predecessor technologies. Within the context of disruptive innovation theory, patent citation analysis employing the key-route main path method was utilized for this study. The data collection was based on keywords and IPC codes to retrieve US patents from the webpat database. The data obtained included 10,919 initial patents and 6206 final patents after simple family merge. The results acquired ranged from the year 1974 to 2021. The study identified five significant technology clusters based on the key-route main path analysis and framed the evolution path of the technology. The findings reveal the technological path dependence and knowledge flow of technological innovation. The novelty of this study lies in its approach to mapping DI theory characteristics with patent analysis to identify the path dependence of disruptive innovations, which aids researchers and decision-makers in understanding and assessing their innovation strategies

Item Type: Article
Keywords: Blockchain Technology | Disruptive Innovation Theory | Key-Route Analysis | Knowledge Flow | Main Path Analysis | Technological Trajectory
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 28 Sep 2023 05:46
Last Modified: 28 Sep 2023 05:46
Official URL: https://doi.org/10.1016/j.techfore.2023.122864
URI: https://pure.jgu.edu.in/id/eprint/6696

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