Week 12 - Digital Business Models: Blockchain Technology III ( As…
Week 12 - Digital Business Models: Blockchain Technology III
Beck et al (2018)
'Governance in the Blockchain Economy: A Framework and Research Agenda'
"Building on Weill’s work, we provide a novel IT governance framework"
decentralized autonomous organizations (DAO)
—which are organizations with governance rules specified in the blockchain
Content: case study of a DAO
argument: governance in the blockchain economy might radically depart from established notions of governance
seeks to provide a blockchain application for the sharing economy that facilitates building disintermediated sharing economy platforms
: We conducted five interviews with Swarm City developers between December 2016 and February 2017, and three additional interviews in February 2018. Plus blog posts and white papers.
Unlike Airbnb or Uber, the ownership of Swarm City is ostensibly organized in a decentralized fashion
At present, the main motivation for developing Swarm City is ideological—to drive societal change.
As contrasted with the digital economy, the blockchain economy, challenges established notions of governance.
Future research should investigate how decision rights are allocated in the blockchain economy
Bogusz and Anderson, 2017
Patterns of Self-Organising in the Bitcoin Online Community: Code Forking as Organising in Digital Infrastructure
"The Bitcoin community belongs to a new breed of organisation: without offices, managers, contracts, policies or payrolls, and without strategies, charters or business plans, these organisations are fluid and digital in nature (Barrett et al. 2016)"
pseudonymous Satoshi Nakamoto, discussed in a white paper how it might revolutionise the finance industry, it was not developed by an organisation with the intention of changing the industry, merely of showing how this might be done
The underlying source code puts limits on what members of the community can do. For instance, the entry of a new transaction onto the blockchain by a miner is communicated to the other miners in the network in order to for them to verify that it is legitimate and consistent with previous entries (and does not come from a fake account, for instance).
large changes, known as
focus of the paper: a multi-method, longitudinal case study of the emergence
This research may nevertheless have implications for understanding these second (and third) generation(s) of digital infrastructures.
Infrastructures have been said to evolve based on common organising conventions, and rely on installed base inertia in adhering to shared standards (Edwards et al. 2007; Star and Ruhleder 1996).
to finish this article and just skim second half of lecture notes for week 12