Governance in the Blockchain Economy: A Framework and Research Agenda

@article{Beck2018GovernanceIT,
  title={Governance in the Blockchain Economy: A Framework and Research Agenda},
  author={Roman Beck and Christoph M{\"u}ller-Bloch and John Leslie King},
  journal={J. Assoc. Inf. Syst.},
  year={2018},
  volume={19},
  pages={1}
}
Blockchain technology is often referred to as a groundbreaking innovation and the harbinger of a new economic era. Blockchains may be capable of engendering a new type of economic system: the blockchain economy. In the blockchain economy, agreed-upon transactions would be enforced autonomously, following rules defined by smart contracts. The blockchain economy would manifest itself in a new form of organizational design—decentralized autonomous organizations (DAO)—which are organizations with… 
View via Publisher
pure.itu.dk
348 Citations
Highly Influential Citations
34
Background Citations
161
Methods Citations
16
Results Citations
4

Figures and Tables from this paper

348 Citations

Organizational Building Blocks for Blockchain Governance: A Survey of 241 Blockchain White Papers

It is revealed that blockchain governance does not receive the attention it should as a large majority of ecosystems have not disclosed their governance intentions and this research contributes to the emerging blockchain research field, particularly to the decentralized aspects of blockchain governance research.

Automating Governance: Blockchain Delivered Governance for Business Networks

This conceptual article seeks to integrate blockchain into current theory on the governance of inter-organizational exchanges within business networks.  It is posited that a blockchain…

Decentralized Governance Opportunities in the Energy Sector: Examples From Blockchain-Based Initiatives

This paper focuses on the role of the blockchain as a socio-technical system capable of enabling decentralised governance mechanisms to provide private and commons-based solutions. Our contention is…

Defining Blockchain Governance Principles: A Comprehensive Framework

Governance challenges of blockchain and decentralized autonomous organizations

The research shows a specific need for further research into governance models for DAO applications on permissionless blockchains, linked to the products and services offered whereas in permissioned blockchains and other type of applications, existing governance models might often be feasible.

Organizational governance in the smart era: the implications of blockchain

This paper reviews the literature on the impact of blockchain on organizational governance, proposes four governance mechanisms for the application of blockchain in organizational governance; and proposes an innovating-and-matching-oriented model of transaction upgrading based on blockchain.

A Pattern Language for Blockchain Governance

This study identifies the lifecycle stages of a blockchain platform, and presents 14 architectural patterns for blockchain governance, which can provide guidance for the effective use of patterns for Blockchain governance in practice, and support the architecture design of governance-driven blockchain systems.

The Political Economy of Blockchain Governance

It is shown that network-effects can motivate less moderate policy proposals, and the role of market frictions created by cryptocurrency exchanges in promoting non-contentious forks that are adopted by all users is highlighted.

A Pattern Collection for Blockchain Governance

A systematic literature review is performed to understand the state-of-the-art of blockchain governance, and identifies the lifecycle stages of a blockchain platform, and presents 14 architectural patterns for blockchain governance.

Decision Problems in Blockchain Governance: Old Wine in New Bottles or Walking in Someone Else’s Shoes?

This research pays special attention to the governance of blockchain systems and illustrates decision problems in 14 blockchain systems from four application domains, resulting in a better understanding of how blockchain governance links to existing concepts and how it is enacted in practice.
...

References

SHOWING 1-10 OF 48 REFERENCES

Decentralized Blockchain Technology and the Rise of Lex Cryptographia

It is argued that its widespread deployment will lead to expansion of a new subset of law, which is term Lex Cryptographia: rules administered through self-executing smart contracts and decentralized (autonomous) organizations.

Blockchain as Radical Innovation: A Framework for Engaging with Distributed Ledgers as Incumbent Organization

It is found that blockchain as an innovation is unique, because its transaction cost-lowering nature requires cooperation not only on an intra-organizational, but also on an inter-organ organizational level to fully leverage the technology.

Blockchain to Rule the Waves - Nascent Design Principles for Reducing Risk and Uncertainty in Decentralized Environments

The findings of a Design Science Research project involving the construction and evaluation of an information technology artifact in collaboration with Maersk, a leading international shipping company, are discussed, where central documents in shipping are turned into a smart contract on blockchain.

Blockchain: Blueprint for a New Economy

Mastering Bitcoin: Unlocking Digital Crypto-Currencies introduces Bitcoin and describes the technology behind Bitcoin and the blockchain, and Blockchain: Blueprint for a New Economy considers theoretical, philosophical, and societal impact of cryptocurrencies and blockchain technologies.

A Blockchain Research Framework

An established research framework is adapted to structure the insights of the current body of research on blockchain technology, the present research scope as well as disregarded topics are outlined, and multidisciplinary research approaches are sketched out.

Blockchain Technology in Business and Information Systems Research

Early research results are presented that investigate the positive implications of blockchain for modern organizations, specifically in the financial services industry or to manage physical asset ownership.

Pervasive Decentralisation of Digital Infrastructures: A Framework for Blockchain enabled System and Use Case Analysis

An ontology is developed that clearly delineates common terminology, core concepts and components, their relationships as well as innovative features of blockchain technology and connects these insights with implications for relevant types of digital market models.

Arrangements for Information Technology Governance: A Theory of Multiple Contingencies

The theory of multiple contingencies argues that contingency forces interact with each other by either amplifying, dampening, or overriding their mutual influences on the IT governance mode, and hypothesized to influence a particular mode of IT governance.

A Blockchain-Based Approach Towards Overcoming Financial Fraud in Public Sector Services

The potential of a blockchain database to provide a feasible solution for overcoming double taxation problem against the backdrop of recent advances in the public sector and the unique set of blockchain capacities is assessed.

Framing the Frameworks: A Review of IT Governance Research

It is concluded that even with the consideration of contemporary structures, academicians and practitioners alike continue to explore the concept of IT governance in an attempt to find appropriate mechanisms to govern corporate IT decisions.