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What is Governance of Blockchains? A Comparison of Theoretical and Empirical Findings on a Taxonomy-Level

In: Sustainable Digital Transformation

Author

Listed:
  • Koen Smit

    (HU University of Applied Sciences Utrecht)

  • Sam Leewis

    (HU University of Applied Sciences Utrecht)

  • Robin Jong

    (HU University of Applied Sciences Utrecht)

  • John Meerten

    (HU University of Applied Sciences Utrecht)

Abstract

Blockchain is an emerging technology with the potential to disrupt and enable collaboration in ecosystem structures that are difficult if not impossible to achieve otherwise. An important aspect of collaboration in blockchain ecosystems is governance. Proper governance also ensures sustainable growth of a blockchain solution. The current body of knowledge features a growing number of contributions on this topic. This is promising as it allows for a meta-view of what entails governance, which has been done with some lenses, usually with an empirical one. This study focuses on comparing the empirical approach with the theoretical approach by looking at existing dimensions and characteristics that define blockchain governance, using an SLR. This resulted in identifying 11/18 dimensions and 18/42 underlying characteristics that were not identified in literature, 3 new and 14/18 overlapping dimensions and 26/42 underlying characteristics. The newly identified dimensions include (1) Incentives, (2) Trust, and (3) Smart Contracts. Future research should focus to extend on the blockchain governance taxonomies so that they can be operationalized. This helps better understanding of what entails blockchain governance from a conceptual level but will also aid blockchain professionals to design their blockchain governance in a sustainable way, taking into account all stakeholders.

Suggested Citation

  • Koen Smit & Sam Leewis & Robin Jong & John Meerten, 2023. "What is Governance of Blockchains? A Comparison of Theoretical and Empirical Findings on a Taxonomy-Level," Lecture Notes in Information Systems and Organization, in: Stefano Za & Robert Winter & Alessandra Lazazzara (ed.), Sustainable Digital Transformation, pages 291-306, Springer.
    • Handle: RePEc:spr:lnichp:978-3-031-15770-7_18
    DOI: 10.1007/978-3-031-15770-7_18
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