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Toward a collaborative governance model for distributed ledger technology adoption in organizations

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  • Bokolo Anthony Jnr.

    (Norwegian University of Science and Technology, NTNU)

Abstract

Distributed ledger technology (DLT) is one of the emerging technologies adopted in organizations. Unlike traditional databases, the integrity of the DLT is maintained automatically by an algorithmic consensus mechanism and not by any dominant authority. Thus, the consensus mechanism controls the decision-making and governance process. But the adoption of DLT is faced with issues regarding how to ensure that governance decisions in distributed ledger systems in the interest of all actors and stakeholders involved in the operations of organizational operations. Therefore, it is imperative to provides a better understanding of the governance of DLT adoption in organizations. Accordingly, this study conducts an extensive literature review to investigate the governance issues and control of DLT adoption in intra-organizational domain. Findings from this study presents state-of-the-art governance practices to offer a comprehensive understanding on key governance issues in organizations. Additionally, the findings present factors associated with governance of DLT adoption solutions. More importantly, a governance model is developed to enhance the adoption of DLT adoption to accelerate the digitalization of organizational operations.

Suggested Citation

  • Bokolo Anthony Jnr., 2022. "Toward a collaborative governance model for distributed ledger technology adoption in organizations," Environment Systems and Decisions, Springer, vol. 42(2), pages 276-294, June.
    • Handle: RePEc:spr:envsyd:v:42:y:2022:i:2:d:10.1007_s10669-022-09852-4
    DOI: 10.1007/s10669-022-09852-4
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    References listed on IDEAS

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    1. Auer, Raphael & Shin, Hyun Song & Monnet, Cyril, 2021. "Distributed Ledgers and the Governance of Money," CEPR Discussion Papers 16752, C.E.P.R. Discussion Papers.
    2. Ellen Naudts & Timothy Aerts & Leonard Franken & Aimo Pieterse, 2021. "Governance in systems based on distributed ledger technology (DLT): a comparative study," Working Papers 718, DNB.
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    6. Pascal Meier & Jan Heinrich Beinke & Christian Fitte & Jan Schulte to Brinke & Frank Teuteberg, 2021. "Generating design knowledge for blockchain-based access control to personal health records," Information Systems and e-Business Management, Springer, vol. 19(1), pages 13-41, March.
    7. David Yermack, 2017. "Corporate Governance and Blockchains," Review of Finance, European Finance Association, vol. 21(1), pages 7-31.
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    9. Raphael Auer & Cyril Monnet & Hyun Song Shin, 2021. "Permissioned Distributed Ledgers and the Governance of Money," Diskussionsschriften dp2101, Universitaet Bern, Departement Volkswirtschaft.
    10. Zachariadis, Markos & Hileman, Garrick & Scott, Susan V., 2019. "Governance and control in distributed ledgers: understanding the challenges facing blockchain technology in financial services," LSE Research Online Documents on Economics 100479, London School of Economics and Political Science, LSE Library.
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