Stablecoins: Why They Are Both Useful and Problematic

Communications of the ACM · 2025-12-17

Considering both sides of the stablecoin.

Fintech Innovation in China

Communications of the ACM · 2025-09-23 · 1 citations

From private payment platforms to the e-CNY.

Corrigendum to “The impact of platform business models on the valuations of unicorn companies” [Information and Organization 34 (2024)]

Information and Organization · 2025-01-17

Road to net zero: Greenness of Leadership in Energy and Environmental Design and California Green Building Standards Code in the multifamily sector

Real Estate Economics · 2024-11-06 · 7 citations

Abstract This study evaluates the effectiveness of Leadership in Energy and Environmental Design (LEED) and California Green Building Standards Code (CALGreen) sustainability programs in reducing greenhouse gas (GHG) emissions in multifamily buildings. We find that CALGreen effectively reduces GHG emissions by 7.2%–11.6%. However, among properties completed during the CALGreen period (on or after 2015), LEED‐certified properties exhibit 14.1%–20.8% higher GHG emissions compared to non‐LEED‐certified buildings. We attribute this result to the emphasis on theoretical design versus actual energy performance of those programs. Furthermore, our research reveals that LEED‐certified buildings completed before the implementation of CALGreen command a rent premium of 4.7%–5.4%. However, this LEED premium diminishes during the CALGreen period. Non‐LEED properties completed during the CALGreen period show limited evidence of rent premiums.

Private Crypto Versus Public Digital

Communications of the ACM · 2024-09-04 · 3 citations

The looming battle over currencies and payment platforms.

The impact of platform business models on the valuations of unicorn companies

Information and Organization · 2024-06-27 · 13 citations

Generative AI as a New Platform for Applications Development

2024 · 4 citations

• Computer Science
• Computer Science
• Artificial Intelligence

Generative AI (GenAI) is rapidly emerging as a powerful new platform for software development—a foundational technology enabling a wide variety of applications, like past platforms such as computers, smartphones, and cloud services. Major players include producers of large language models (LLMs) like OpenAI, Google, and Meta; hardware and software providers like Nvidia; and cloud infrastructure providers like Amazon, Microsoft, and Google. An ecosystem is evolving with infrastructure layers, foundation LLM models, an array of tools and frameworks, and a rapidly growing set of applications spanning horizontal products for broad usage as well as customized vertical solutions. Key issues going forward include potential market concentration, data privacy and ownership concerns, the accuracy and reliability of AI-generated content, regulation versus self-governance challenges, disruption to jobs and industries, and significant environmental impacts from increased energy consumption. As capabilities and adoption of this new AI technology expand, companies, universities, governments, and technology experts must think carefully and collaboratively about the costs, benefits, trade-offs, and potential dangers of GenAI as a new applications platform.

Intel’s Fall from Grace

Communications of the ACM · 2024-12-11 · 2 citations

Tracing the trajectories of several semiconductor manufacturers.

The Platform Organization

Cambridge University Press eBooks · 2023-11-09 · 6 citations

The ability to organize is our most valuable social technology. Organizing affects an enterprise's efficiency, effectiveness, and ability to adapt. Modern organizations operate in increasingly complex, dynamic environments, which puts a premium on adaptation. Compared to traditional organizations, modern organizations are flatter and more open to their environment. Their processes are more generative and interactive – actors themselves generate and coordinate solutions rather than follow hierarchically devised plans and directives. Modern organizations search outside their boundaries for resources wherever they may exist. They coproduce products and services with suppliers, customers, and partners. They collaborate, both internally and externally, to learn and become more capable. In this book, leading voices in the field of organization design articulate and exemplify how a combination of agile processes, artificial intelligence, and digital platforms powers adaptive, sustainable, and healthy organizations.