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The Dynamics of Governing Enterprise Blockchain Ecosystems
- Source :
- Administrative Sciences, Vol 12, Iss 3, p 86 (2022)
- Publication Year :
- 2022
- Publisher :
- MDPI AG, 2022.
-
Abstract
- The aim of this paper is to analyze how the governance of an enterprise blockchain ecosystem changes as it matures and increases in size. A review of the literature serves to identify five behavioral drivers of governance, which appear to affect the long-term viability of a blockchain ecosystem: access rights, decision rights, incentives, accountability, and conflict resolution. We subsequently report the findings from a comparative case study of how three large blockchain ecosystems implemented various governance mechanisms to exploit and modify the five behavioral drivers over time. Based on twenty-six interviews and approximately 200 h of participant observations, we propose an analytical framework that consists of three distinctive stages in the life cycle of a blockchain ecosystem. Each stage is characterized by an intricate relationship between off-chain and on-chain governance mechanisms. Based on these findings, various recommendations are provided to increase the long-term viability of blockchain ecosystems.
Details
- Language :
- English
- ISSN :
- 20763387
- Volume :
- 12
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- Administrative Sciences
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.347b277ac29c42aa80437c82b9895808
- Document Type :
- article
- Full Text :
- https://doi.org/10.3390/admsci12030086