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Responsible Blockchain: STEADI Principles and the Actor-Network Theory-based Development Methodology (ANT-RDM)

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  • Yibai Li
  • Ahmed Gomaa
  • Xiaobing Li

Abstract

This monograph provides a comprehensive analysis of the challenges and controversies associated with blockchain technology. It identifies technical challenges such as scalability, security, privacy, and interoperability, as well as business and adoption challenges, and the social, economic, ethical, and environmental controversies present in current blockchain systems. We argue that responsible blockchain development is key to overcoming these challenges and achieving mass adoption. This monograph defines Responsible Blockchain and introduces the STEADI principles (sustainable, transparent, ethical, adaptive, decentralized, and inclusive) for responsible blockchain development. Additionally, it presents the Actor-Network Theory-based Responsible Development Methodology (ANT-RDM) for blockchains, which includes the steps of problematization, interessement, enrollment, and mobilization.

Suggested Citation

  • Yibai Li & Ahmed Gomaa & Xiaobing Li, 2024. "Responsible Blockchain: STEADI Principles and the Actor-Network Theory-based Development Methodology (ANT-RDM)," Foundations and Trends(R) in Information Systems, now publishers, vol. 7(4), pages 310-356, July.
    • Handle: RePEc:now:fntisy:2900000038
    DOI: 10.1561/2900000038
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    References listed on IDEAS

    as
    1. Xuequn Wang & Yibai Li, 2016. "Understanding collaborative resilience from continuous disruption: an actor-network perspective," Behaviour and Information Technology, Taylor & Francis Journals, vol. 35(2), pages 151-162, February.
    2. Yousefi, Samuel & Mohamadpour Tosarkani, Babak, 2022. "An analytical approach for evaluating the impact of blockchain technology on sustainable supply chain performance," International Journal of Production Economics, Elsevier, vol. 246(C).
    3. Wong, Lai-Wan & Leong, Lai-Ying & Hew, Jun-Jie & Tan, Garry Wei-Han & Ooi, Keng-Boon, 2020. "Time to seize the digital evolution: Adoption of blockchain in operations and supply chain management among Malaysian SMEs," International Journal of Information Management, Elsevier, vol. 52(C).
    4. Zhang, Qing & Jiang, Xiuqi & Zheng, Yini, 2023. "Blockchain adoption and gray markets in a global supply chain," Omega, Elsevier, vol. 115(C).
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