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Citation - Scopus: 2
Tokenization and Nfts: a Tokenized Income Sharing Model for Higher Education as a Potential Solution for Student Debt in the Usa
(Springer Nature, 2023) Son Turan, Semen; Son-Turan, Semen
This study focuses on how to tokenize educational assets and discusses how tokenization and non-fungible tokens (NFTs) can be operationalized and adopted to the higher education landscape to provide funds for students during their higher education studies. To that end, it builds upon the income-contingent loans and higher education funding literature to propose a system that captures the value of the student’s potential future income streams as a token to be offered to higher education stakeholders willing to invest in a young person’s future, make an impact toward the Sustainable Development Goals, or simply, to diversify their portfolios and hedge against market downturns. The Future Income Token “FIT” is conceptually devised through a literature review and builds on previous findings by the author. This interdisciplinary study fits into the blockchain, crowdfunding, and higher education finance literature. Given the increasing difficulty of mobilizing funds for higher education and, the almost universal, growing student loan default problem, it asks the question: What aspects of higher education tokenomics may give higher education stakeholders the incentive to contribute to a student’s education, that other forms of financing do not? Policy makers, practitioners, as well as theoreticians can benefit from the ideas and the findings of the study. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Citation - WoS: 51
Citation - Scopus: 94
Blockchain Technology and Sustainability in Supply Chains and a Closer Look at Different Industries: a Mixed Method Approach
(MDPI, 2022-12-08) Güner, Elif; Ayan, Büsra; Son-Turan, Semen
Background: This study presents a comprehensive review of blockchain technology with a sustainability orientation in supply chains and logistics. Methods: The publications are extracted from the Scopus and Web of Science databases, comprising 552 publications between 2017 and 2022. Several bibliometric laws and techniques, namely three-field analysis, Bradford’s Law, Lotka’s Law, and thematic maps, are applied in R with the bibliometrix package. Content analysis is also carried out based on 185 publications to appreciate the industry-based view of the field. Results: The bibliometric results indicate that this field is on the rise. Authors, sources, affiliations, countries, keywords, and their relationships are also addressed. The findings of the content analysis and thematic maps reveal that some of the most highlighted themes in the literature include traceability, COVID-19, the internet of things, and Industry 4.0. The most popular industry in this field is discovered to be food and agriculture. Conclusions: This paper contributes to the still relatively scarce literature on how blockchain technology fosters sustainable supply chains and logistics, providing a closer look at blockchain use, methodologies, and future directions for different industries concerning food, agriculture, fashion, textile and apparel, manufacturing, automotive, maritime and shipping, healthcare and pharmaceutical, mining and mineral, and energy. © 2022 by the authors.
Citation - WoS: 10
Citation - Scopus: 27
Fostering Equality in Education: the Blockchain Business Model for Higher Education (bbm-He)
(MDPI, 2022-03-03) Turan, S. Semen; Son-Turan, Semen
This paper seeks to address which business model in higher education that fosters SDG 4, is adequate for the post-pandemic period. To that end, it introduces the “Blockchain Business Model for Higher Education” (BBM-HE) and a transformed business model canvas framework based on existing literature, concepts, theories and findings relating to most of the pressing issues in higher education from the present study. To determine these issues, secondary data is used in the qualitative research design by applying inductive content analysis techniques to online reports. The originality of this study lies in the “adaptive” perspective to the requirements of the post-pandemic higher education landscape, which consists of modifications to the core elements of higher education, the integration of blockchain technology into the entire system, and a stronger approach to sustainability practice through sustainability tokens. The envisaged model sets out to provide a roadmap for all stakeholders, but most importantly, “decentralized” higher education institutions of the future and the “employable skills-seeking” proactive students all over the world, as opposed to the former “solely degree-focused and affluent” consumers of educational offerings. This study contributes to higher education literature in terms of business models, blockchains, pandemics, and sustainability.

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