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Blockchain Technology and Smart Contracts in Decentralized Governance Systems

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  • Adam P. Balcerzak

    (Department of Market and Consumption, University of Warmia and Mazury in Olsztyn, 10-720 Olsztyn, Poland
    Department of Entrepreneurship and Management, University of Entrepreneurship and Law, 150 00 Praha, Czech Republic)

  • Elvira Nica

    (Department of Administration and Public Management, The Bucharest University of Economic Studies, 010371 Bucharest, Romania)

  • Elżbieta Rogalska

    (Department of Theory of Economics, University of Warmia and Mazury in Olsztyn, 10-720 Olsztyn, Poland)

  • Miloš Poliak

    (Department of Economics, University of Žilina, 01026 Žilina, Slovakia)

  • Tomáš Klieštik

    (Department of Economics, University of Žilina, 01026 Žilina, Slovakia)

  • Oana-Matilda Sabie

    (Department of Administration and Public Management, The Bucharest University of Economic Studies, 010371 Bucharest, Romania)

Abstract

The aim of our systematic review was to inspect the recently published literature on decentralized governance systems and integrate the insights it articulates on blockchain technology and smart contracts by employing Preferred Reporting Items for Systematic Reviews and Meta-analysis (PRISMA) guidelines. Throughout January and May 2022, a quantitative literature review of ProQuest, Scopus, and the Web of Science databases was carried out, with search terms including “city” + “blockchain technology”, “smart contracts”, and “decentralized governance systems”. As the analyzed research studies were published between 2016 and 2022, only 371 sources satisfied the eligibility criteria. A Shiny app was harnessed for the PRISMA flow diagram to include evidence-based acquired and handled data. Analyzing the most recent and relevant sources and leveraging screening and quality assessment tools such as AMSTAR, Dedoose, Distiller SR, ROBIS, and SRDR, we integrated the core outcomes and robust correlations related to smart urban governance. As data visualization tools, for initial bibliometric mapping dimensions were harnessed, together with layout algorithms provided by VOSviewer. Future research should investigate smart contract governance of blockchain applications and infrastructure using decision-making tools and spatial cognition algorithms.

Suggested Citation

  • Adam P. Balcerzak & Elvira Nica & Elżbieta Rogalska & Miloš Poliak & Tomáš Klieštik & Oana-Matilda Sabie, 2022. "Blockchain Technology and Smart Contracts in Decentralized Governance Systems," Administrative Sciences, MDPI, vol. 12(3), pages 1-16, August.
    • Handle: RePEc:gam:jadmsc:v:12:y:2022:i:3:p:96-:d:880384
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    References listed on IDEAS

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    1. Magdalena Kachniewska, 2020. "Boundary conditions for the implementation of smart management systems in tourist destinations," International Entrepreneurship Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 6(4), pages 35-50.
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    Citations

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    Cited by:

    1. Tomas Kliestik & Marek Nagy & Katarina Valaskova, 2023. "Global Value Chains and Industry 4.0 in the Context of Lean Workplaces for Enhancing Company Performance and Its Comprehension via the Digital Readiness and Expertise of Workforce in the V4 Nations," Mathematics, MDPI, vol. 11(3), pages 1-21, January.
    2. Massimo Biasin & Andrea Delle Foglie, 2024. "Blockchain and Smart Cities for Inclusive and Sustainable Communities: A Bibliometric and Systematic Literature Review," Sustainability, MDPI, vol. 16(15), pages 1-21, August.
    3. Quanpeng Chen & Xiaogang Chen, 2023. "Blockchain-Enabled Supply Chain Internal and External Finance Model," Sustainability, MDPI, vol. 15(15), pages 1-33, July.
    4. Yasmine Souissi & Ferdaws Ezzi & Anis Jarboui, 2024. "Blockchain Adoption and Financial Distress: Mediating Role of Information Asymmetry," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3903-3926, March.
    5. Elvira Nica & Gheorghe H. Popescu & Milos Poliak & Tomas Kliestik & Oana-Matilda Sabie, 2023. "Digital Twin Simulation Tools, Spatial Cognition Algorithms, and Multi-Sensor Fusion Technology in Sustainable Urban Governance Networks," Mathematics, MDPI, vol. 11(9), pages 1-25, April.
    6. Fantechi, Federico & Fratesi, Ugo, 2024. "Spatial patterns of territorial competitiveness: The role of peripherality, urbanization and physical geography," Socio-Economic Planning Sciences, Elsevier, vol. 91(C).
    7. Balcerzak, Adam P. & Zinecker, Marek & Skalický, Roman & Rogalska, Elżbieta & Doubravský, Karel, 2023. "Technology-oriented start-ups and valuation: A novel approach based on specific contract terms," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    8. Yang, Fan & Yu, Hai & Wilson, Craig & Jacoby, Gady & Wu, Zhenyu, 2024. "Blockchain technology and international countertrade," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).

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