Abstract

Innovation of ICT has reformed economic as well as social systems. Large corporations that propel the digital industrial revolution tend to perform systems of centralized governance. However, the new industrial revolution brings reconstruction of stakeholders. It is essential to explore the structural changes of stakeholders brought by the new industrial revolution. To achieve sustainability in global communities we need to restore vital decentralized systems partially. This paper classifies the stakeholders into inside, outside and external stakeholders and aims to obtain an efficient index of global communication mechanism. To explore sustainable system, this paper proposes a theoretical approach of integrated transaction cost. Investigation on transaction cost presents that digital industrial revolution grows outside stakeholders by moves from other two stakeholders.

Keywords:Digital industrial revolution; Global communities; Communication capability; Inside; Outside; External stakeholders; Transaction cost of communication