Blockchain and Governance: Theory, Applications and Challenges

Grover, Bhavya Ahuja; Chaudhary, Bhawna; Rajput, Nikhil Kumar; Dukiya, Om

doi:10.1002/9781119711063.ch6

Cited by 9 publications

(7 citation statements)

References 21 publications

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“…This was used to examine if various design elements act as substitutes or complements to each other. Although decentralisation is one of the most salient features or advantages of blockchain platforms (Grover et al, 2021), our key findings suggest that blockchain platforms with either a Centralised incentive model, an Impartial incentive model, or a Automation-driven model tend to promote the highest degree of generative governance engagement, while a Comprehensive model is needed for producing high degree of evaluative governance engagement. This research makes four main contributions.…”

Section: Discussionmentioning

confidence: 81%

A configurational perspective on design elements and user governance engagement in blockchain platforms

Zhang,

Ramesh

2023

Information Systems Journal

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Blockchain technology offers the potential to create an open, decentralised governance structure that empowers stakeholders to participate in decentralised engagement. However, how blockchain platforms configure their design elements to establish and maintain decentralised systems with high levels of user governance engagement requires further research. This study investigates the key design elements of blockchain platforms and their ideal configurations for promoting user governance engagement. Due to the complex and interdependent nature of the design elements, we adopt a configurational perspective accompanied by a fuzzy set qualitative comparative analysis (fsQCA) to uncover complex nonlinear relationships among key conditions that are relevant to decentralised governance. Our research identifies five key design elements that facilitate distributed governance (Access to decision rights, Process visibility, Protocol automation, Incentives for developers/miners, and Incentives for other stakeholders) based on existing blockchain governance literature. We analyse 14 unique blockchain platform cases that adopted on‐chain governance. Our fsQCA results reveal three ideal types of blockchain governance configurations that are sufficient for high generative user governance engagement: Centralised incentive model, Impartial incentive model, and Automation‐driven model, whereas achieving high evaluative governance engagement requires the presence of all the design elements (Comprehensive model). Also, we found Access to decision rights and Protocol automation are necessary conditions for generative governance engagement, and Access to decision rights together with Process visibility is a combined necessary condition for evaluative governance engagement. Relevant theoretical and practical implications for platform designers as well as methodological implications for applying QCA to emerging IS phenomena are discussed.

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Section: Discussionmentioning

confidence: 81%

A configurational perspective on design elements and user governance engagement in blockchain platforms

Zhang,

Ramesh

2023

Information Systems Journal

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“… •BCT based international aids reach directly to the beneficiaries without political involvement of certain actors. Public Governance [ 94 , 95 , 96 , 97 , 98 , 99 , 100 , 101 , 102 , 103 , 104 , 105 , 106 , 107 , 108 , 109 , 110 , 111 , 112 , 113 , 114 , 115 , 116 , 117 , 118 , 119 ] •Multi-stakeholder deliberations and decision making will be possible using blockchain platforms. •Blockchain will reduce corruption and enhance resource distribution.…”

Section: Thematic Analysismentioning

confidence: 99%

Blockchain governance and trust: A multi-sector thematic systematic review and exploration of future research directions

Polcumpally,

Pandey,

Kumar

et al. 2024

Heliyon

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“…Blockchain has been studied by academics and practitioners all over the world for a variety of purposes. Potential and challenges in business (Nikbakht and Smith, 2021;George et al, 2019;Lacity, 2018), trade (Sinha and Chowdhury, 2021;Busari and Aminu, 2021), society (Shin and Ibahrine, 2020;Caradonna, 2020), governance (Aste et al, 2017;George et al, 2019;Grover et al, 2021;Beck et al, 2018;Atzori, 2015;Cosares et al, 2021;Pal et al, 2021a, b;Osmani et al, 2020;Treleaven et al, 2017;Engin and Treleaven, 2019;Chakravarty and Sarkar, 2020;Joo et al, 2019) and cryptocurrencies (Chakravarty and Sarkar, 2020;Joo et al, 2019) followed by various areas of business management (Pal et al, 2021a, b;Viriyasitavat et al, 2020;White, 2017), including supply chain (Dubey et al, 2020;Queiroz et al, 2019) and operations Panarello et al, 2018).…”

Section: Literature Review and Development Of Conceptual Frameworkmentioning

confidence: 99%

“…Another significant contribution emphasized the advantages that the blockchain infrastructure can harvest in projects to improve the current centralized system (Grover et al, 2021). In addition, blockchain can be utilized to foster cooperation among businesses (Lumineau et al, 2021).…”

Section: Literature Review and Development Of Conceptual Frameworkmentioning

confidence: 99%

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Using blockchain for global governance: past, present and future

Tiwari¹,

Pal

2022

SAJBS

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PurposeThis paper examines the current state of blockchain governance research. The study’s findings also propose a conceptual framework for the use of blockchain in governance and global governance and provide a global look at how public and private sectors alike are implementing new technologies.Design/methodology/approachThe study is qualitative as well as quantitative in nature. The authors used Preferred Reporting Items for Systematic and Meta-Analysis (PRISMA) to gather data for the study. Furthermore, a bibliometric analysis using VOSviewer visualization tool and R Studio was carried out to attain the research objectives.FindingsMany scholars and practitioners from around the world are interested in the topic, according to the analysis. This is a multidisciplinary study, so researchers have looked at how the blockchain can be used to govern countries, public utilities and global facilities, including corporations. There are numerous examples of how technology has been used in global governance, and the authors found that governments, as well as corporations around the world, have implemented technology in a variety of areas that affect the public and other stakeholders.Practical implicationsThis study makes numerous contributions. In the first place, it presents the complex concept of blockchain in an easier to understand way. The numerous governmental and commercial initiatives that have made use of blockchain are also highlighted. As a result, the use of technology in corporate and social governance will continue to grow. Finally, the research will inform the academic community on the current state of the topic and potential future directions.Originality/valueAs a result of this research, academics and scholars can better understand the potential of blockchain in various governance models, ranging from developed to developing economies. The general public, as well as organizations, will benefit from the decentralized nature of the blockchain in a variety of ways related to their day-to-day governance. To the best of authors’ knowledge, this is a first kind of research on blockchain in governance using PRISMA and bibliometrics tools.

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Blockchain and Governance: Theory, Applications and Challenges

Cited by 9 publications

References 21 publications

A configurational perspective on design elements and user governance engagement in blockchain platforms

A configurational perspective on design elements and user governance engagement in blockchain platforms

Blockchain governance and trust: A multi-sector thematic systematic review and exploration of future research directions

Using blockchain for global governance: past, present and future

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