Governance of Blockchain and Distributed Ledger Technology Projects

Howell, Bronwyn; Potgieter, Petrus H.; Sadowski, Bert M.

doi:10.2139/ssrn.3365519

Cited by 18 publications

(8 citation statements)

References 11 publications

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“…Negative impact analysis and scenario correction Trust aspects IoT, DA [65], [33] The need for trust in the systems interaction GAIA, UML, blockchain with PBFT…”

Section: Artificialmentioning

confidence: 99%

“…Work [33] also examines the use of blockchain technology as a tool for trust management. The authors propose applying club governance to the technical design and development of a number of DLT systems, including cryptocurrencies and corporate applications.…”

Section: Trust Managementmentioning

confidence: 99%

“…However, the possible uses of DLT go far beyond the financial sector, e.g., its use has also been explored in education [18,61,70], e-Governance [33], agriculture [29], supply chain [57] and many other industries. This paper is a critical review aiming to provide a comparative analysis of existing DLT applications and to answer the following research question:…”

Section: Introductionmentioning

confidence: 99%

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Distributed ledger technology: State-of-the-art and current challenges

Gorbunova

Mašek

Komarov

et al. 2022

ComSIS

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Distributed Ledger Technology (DLT) is making the first steps toward becoming a solution for the growing number of various decentralized systems worldwide. Unlike pure Blockchain, DLT finds many uses across different industries, including eHealth, finance, supply chain monitoring, and the Internet of Things (IoT). One of the vital DLT features is the ability to provide an immutable and commonly verifiable ledger for larger-scale and highly complex systems. Today?s centralized systems can no longer guarantee the required level of availability and reliability due to the growing number of the involved nodes, complicated heterogeneous architectures, and task load, while the publicly available distributed systems are still in their infancy. This paper aims to provide an exhaustive topical review of the state-of-theart of Distributed Ledger Technology applicability in various sectors. It outlines the importance of the practical integration of technology-related challenges, as well as potential solutions.

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“…Negative impact analysis and scenario correction Trust aspects IoT, DA [65], [33] The need for trust in the systems interaction GAIA, UML, blockchain with PBFT…”

Section: Artificialmentioning

confidence: 99%

Section: Trust Managementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Distributed ledger technology: State-of-the-art and current challenges

Gorbunova

Mašek

Komarov

et al. 2022

ComSIS

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“…Although the overwhelming majority of health care distributed ledger technology applications use hybrid enterprise or permissioned systems, they face internal governance challenges that may be no less fraught than those that have arisen in open, permissionless blockchains [115]. However, establishing a durable internal governance framework that commands widespread acceptance by members and participants across the network (including potential new members and participants) will be especially challenging, which is discussed more fully in the following sections in relation to the challenges of coopetition [116].…”

Section: Internal Governancementioning

confidence: 99%

The Health Care Sector’s Experience of Blockchain: A Cross-disciplinary Investigation of Its Real Transformative Potential

Yeung¹

2021

J Med Internet Res

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Background Academic literature highlights blockchain’s potential to transform health care, particularly by seamlessly and securely integrating existing data silos while enabling patients to exercise automated, fine-grained control over access to their electronic health records. However, no serious scholarly attempt has been made to assess how these technologies have in fact been applied to real-world health care contexts. Objective The primary aim of this paper is to assess whether blockchain’s theoretical potential to deliver transformative benefits to health care is likely to become a reality by undertaking a critical investigation of the health care sector’s actual experience of blockchain technologies to date. Methods This mixed methods study entailed a series of iterative, in-depth, theoretically oriented, desk-based investigations and 2 focus group investigations. It builds on the findings of a companion research study documenting real-world engagement with blockchain technologies in health care. Data were sourced from academic and gray literature from multiple disciplinary perspectives concerned with the configuration, design, and functionality of blockchain technologies. The analysis proceeded in 3 stages. First, it undertook a qualitative investigation of observed patterns of blockchain for health care engagement to identify the application domains, data-sharing problems, and the challenges encountered to date. Second, it critically compared these experiences with claims about blockchain’s potential benefits in health care. Third, it developed a theoretical account of challenges that arise in implementing blockchain in health care contexts, thus providing a firmer foundation for appraising its future prospects in health care. Results Health care organizations have actively experimented with blockchain technologies since 2016 and have demonstrated proof of concept for several applications (use cases) primarily concerned with administrative data and to facilitate medical research by enabling algorithmic models to be trained on multiple disparately located sets of patient data in a secure, privacy-preserving manner. However, blockchain technology is yet to be implemented at scale in health care, remaining largely in its infancy. These early experiences have demonstrated blockchain’s potential to generate meaningful value to health care by facilitating data sharing between organizations in circumstances where computational trust can overcome a lack of social trust that might otherwise prevent valuable cooperation. Although there are genuine prospects of using blockchain to bring about positive transformations in health care, the successful development of blockchain for health care applications faces a number of very significant, multidimensional, and highly complex challenges. Early experience suggests that blockchain is unlikely to rapidly and radically revolutionize health care. Conclusions The successful development of blockchain for health care applications faces numerous significant, multidimensional, and complex challenges that will not be easily overcome, suggesting that blockchain technologies are unlikely to revolutionize health care in the near future.

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“…• Application provider (11): Application providers include cryptocurrency exchanges, custodians, (both software and hardware) wallet providers, and banks [8,13,15,23,24,25]). Their applications directly or indirectly interoperate with the blockchain platforms and can be considered as part of blockchain ecosystems.…”

Section: Rq5: Who Is Involved In Blockchain Governance?mentioning

confidence: 99%

A Systematic Literature Review on Blockchain Governance

Liu¹,

Lu²,

Zhu³

et al. 2021

Preprint

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Blockchain has been increasingly used as a software component to enable decentralisation in software architecture for a variety of applications. Blockchain governance has received considerable attention to ensure the safe and appropriate use and evolution of blockchain, especially after the Ethereum DAO attack in 2016. To understand the state-of-the-art of blockchain governance and provide an actionable guidance for academia and practitioners, in this paper, we conduct a systematic literature review, identifying 34 primary studies. Our study comprehensively investigates blockchain governance via 5W1H questions.The study results reveal several major findings: 1) the adaptation and upgrade of blockchain are the primary purposes of blockchain governance, while both software quality attributes and human value attributes need to be increasingly considered; 2) blockchain governance mainly relies on the project team, node operators, and users of a blockchain platform; and 3) existing governance solutions can be classified into process mechanisms and product mechanisms, which mainly focus on the operation phase over the blockchain platform layer.

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Governance of Blockchain and Distributed Ledger Technology Projects

Cited by 18 publications

References 11 publications

Distributed ledger technology: State-of-the-art and current challenges

Distributed ledger technology: State-of-the-art and current challenges

The Health Care Sector’s Experience of Blockchain: A Cross-disciplinary Investigation of Its Real Transformative Potential

A Systematic Literature Review on Blockchain Governance

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