Abstract
This study elucidates the implications of blockchain technology on the
product and service offerings of a multinational corporation, examined
through the lens of Karl Marx’s seminal work “Capital: A Critique of
Political Economy”. Blockchain’s potential to decentralize control and
distribute power counteracts Marx’s critique of worker alienation in
capitalist economies. My investigation indicates that blockchain’s
transparency can help demystify commodity fetishism by revealing
production processes, and its decentralized structure can challenge the
centralization of capital, offering solutions to traditional capitalist
problems. This research contributes a unique perspective on the impact
of blockchain technology in global companies, suggesting a revolutionary
shift not only in their operations but also in their social relations of
production. The study concludes by acknowledging the potential
challenges in the practical implementation of these theoretical insights
and suggests future research directions to overcome these obstacles.