Blockchain Governance: De Facto (x)or Designed?

Hofman, Darra; DuPont, Quinn; Walch, Angela; Beschastnikh, Ivan

doi:10.1007/978-3-030-54414-0_2

Cited by 11 publications

(17 citation statements)

References 10 publications

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“…In comparison with other forms of information exchange, DLT facilitates all permissioned organizations to retain a unified view of the data, while no single enterprise can make modifications without the consensus of the other partners (Lumineau et al, 2021;Zhu et al, 2021). However, the development of DLT adoption in extended enterprises is dependent on the deployment of effective governance consensus mechanisms (Hofman et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Governance is defined as a mechanism that sets how organizational rules and incentives are initiated, or the strategic use of power is enforced (Hofman et al, 2021;Lumineau et al, 2021). Governance denotes the framework for accountabilities, decision rights, democracy (Carayannis & Campbell, 2014, 2021, and incentives to encourage desirable behavior in the utilization of resources (Weill, 2004), whereas governance mechanisms establish how responsibilities, communication, and decision-making structures are enacted (Morawska-Jancelewicz, 2021; Weill & Ross, 2004).…”

Section: Introductionmentioning

confidence: 99%

“…Likewise, DLT governance describes the mechanisms that enable the decentralized infrastructure to adapt and evolve over time (Fan et al, 2020). Hofman et al (2021) stated that decentralized DLT governance defines how power is managed within distributed infrastructure. Findings from the literature suggest decentralized DLT governance can be categorized as governance by DLT (achieved via the adoption of DLT to address governance issues faced in technology adoption) and governance of DLT (managed by stakeholders, actors and the community of developers involved with the DLT) (Hofman et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Hofman et al (2021) stated that decentralized DLT governance defines how power is managed within distributed infrastructure. Findings from the literature suggest decentralized DLT governance can be categorized as governance by DLT (achieved via the adoption of DLT to address governance issues faced in technology adoption) and governance of DLT (managed by stakeholders, actors and the community of developers involved with the DLT) (Hofman et al, 2021). This current study is more aligned with "governance of DLT" as the governance categories, actors, consensus mechanism, etc.…”

Section: Introductionmentioning

confidence: 99%

“…Although the adoption of DLT has gotten increasing attention over the years, the topic of DLT governance often remains less understood (Fan et al, 2020). Governance has received little attention in DLT domain, and there is fewer literature on the governance of DLT platforms in extended enterprise domain (Hofman et al, 2021). Although the decentralized nature of DLT increases the opportunities for enterprises to collaborate and coordinate their business process as extended enterprises, the decentralized governance structure of DLT is not completely democratic.…”

Section: Introductionmentioning

confidence: 99%

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Investigating the Decentralized Governance of Distributed Ledger Infrastructure Implementation in Extended Enterprises

Anthony

2022

J Knowl Econ

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Distributed ledger technology (DLT) is a disruptive technology with the potential of improving extended enterprise (EE) which comprises organizations that combine their capabilities and knowhow to achieve a common goal. Within the extended enterprise, governance enables distributed ledger control and stewardship and provides effective ways for enforcing ledger access and ownership policies. Although research related to DLT has received attention from academics and industries, the decentralized governance perspective of DLT remains less explored, and it is uncertain how decisions are made concerning the deployment of DLT within EE. These call for governance policies to protect the interests and needs of all stakeholders within the extended enterprise. Therefore, there is need for research that provides insight regarding the decentralized governance of DLT, showing how stakeholders and actors within EE make informed decisions. Accordingly, grounded on academic literature, this study develops governance of DLT framework for extended enterprises which comprises DLT governance dimensions, stakeholder/actors, and DLT governance mechanisms. The findings also present the governance actors and categories of DLTs, potentials, and challenges regarding decentralized governance of DLT in extended enterprises. Findings provide implications to enterprises, researchers, practitioners, industries, and policymakers on the concept of decentralized governance for organizational transformation. Finally, findings from this research are instrumental for designing governance policies to support DLT implementation and stimulate potential research within this direction.

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Section: Introductionmentioning

confidence: 99%