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A developed distributed ledger technology architectural layer framework for decentralized governance implementation in virtual enterprise

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  • Bokolo Anthony Jnr.

    (Institute for Energy Technology)

Abstract

Distributed Ledger technology (DLT) has recently emerged as a disruptive system with a wide range of applicability, with prospect to improve societal interactions at large. In virtual enterprise (VE) context researchers and practitioners have started to investigate the deployment of DLT to automate the processing of data and implementation of decisions to support the provision of digital services. Although academic interest in this domain is growing, a practical analysis of DLT from a governance perspective is still lacking to date. Accordingly, this study aims to fill this gap and provide implications related to decentralized governance of DLT. This article develops an architectural governance-by-design framework that defines the governance of DLT as a combination of architectural layers and governance of DLT dimensions. Design science is employed, and IOTA tangle an open-source DLT which employs a decentralized asynchronous network is deployed to evaluate the applicability of the developed architectural governance-by-design framework through qualitative interviews and literature inquiry. The findings confirm the developed architectural governance-by-design framework and offer a shared discussion and insight surrounding the topic of governance of DLT. The findings also identify limitations associated with governance of DLT solutions and proposes policy recommendations to be used as guidelines for practitioners to improve the adoption of DLT to accelerate VE digitalization.

Suggested Citation

  • Bokolo Anthony Jnr., 2023. "A developed distributed ledger technology architectural layer framework for decentralized governance implementation in virtual enterprise," Information Systems and e-Business Management, Springer, vol. 21(3), pages 437-470, September.
    • Handle: RePEc:spr:infsem:v:21:y:2023:i:3:d:10.1007_s10257-023-00634-2
    DOI: 10.1007/s10257-023-00634-2
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    References listed on IDEAS

    as
    1. Anthony Jnr. Bokolo, 2022. "Exploring interoperability of distributed Ledger and Decentralized Technology adoption in virtual enterprises," Information Systems and e-Business Management, Springer, vol. 20(4), pages 685-718, December.
    2. Rahel Mandaroux & Chuanwen Dong & Guodong Li, 2021. "A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    3. Bokolo Anthony Jr., 2018. "Using Green IT governance as a catalyst to improve sustainable practices adoption: a contingency theory perspective," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 8(2), pages 124-157.
    4. Elham Seyedsayamdost & Peter Vanderwal, 2020. "From Good Governance to Governance for Good: Blockchain for Social Impact," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(6), pages 943-960, August.
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    6. Bokolo Anthony, 2023. "Deployment of distributed ledger and decentralized technology for transition to smart industries," Environment Systems and Decisions, Springer, vol. 43(2), pages 298-319, June.
    7. Jung-Yu Lai & Juite Wang & Yi-Hsuan Chiu, 2021. "Evaluating blockchain technology for reducing supply chain risks," Information Systems and e-Business Management, Springer, vol. 19(4), pages 1089-1111, December.
    8. 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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