Blockchain technology and polycentric governance

Simple item page
dc.contributor.authorDE FILIPPI, Primavera
dc.contributor.authorMANNAN, Morshed
dc.contributor.authorCOSSAR, Sofia
dc.contributor.authorMERK, Tara
dc.contributor.authorKAMALOVA, Jamilya
dc.contributor.otherNABBEN, Kelsie Ann
dc.date.accessioned2024-06-28T12:33:30Z
dc.date.available2024-06-28T12:33:30Z
dc.date.issued2024
dc.description.abstractThis report addresses the polycentric governance of blockchain systems, following conversations held from September 2022 until September 2023 by a reading group of blockchain practitioners and academics. The ERC-funded BlockchainGov project led the reading group. Since the publication of the Bitcoin whitepaper in 2008, blockchain technology has gained increasing popularity for being a “decentralized” ledger of transactions. Collectives of people have formed to discuss and decide on—to “govern”—the evolution of blockchain networks and blockchain-based applications, creating what we refer to as “blockchain systems.” While much literature is dedicated to understanding the governance of blockchain systems, no substantial efforts have been made to apply the concept of “polycentricity” to blockchain governance. Polycentric governance systems are characterized by multiple autonomous decision-making centers with overlapping areas of responsibility, which both compete and cooperate within a common overarching system of commonly agreed-upon rules, spontaneously or deliberately generating a shared social order. A term initially presented by Michael Polanyi and famously further developed by Vincent and Elinor Ostrom, polycentricity allows us to understand blockchain systems' structure, process, and outcome.en
dc.description.sponsorshipThis research is funded by the European Research Council under the European Union’s Horizon 2020 Research and Innovation Programme (Grant Agreement No : 865856).en
dc.format.mimetypeapplication/pdf
dc.identifier.doi10.2870/049527
dc.identifier.isbn9789294665515
dc.identifier.urihttps://hdl.handle.net/1814/77030
dc.language.isoenen
dc.orcid.uploadTRUE
dc.publisherEuropean University Instituteen
dc.relationIn Blockchain We Trust(Less): The Future of Distributed Governance
dc.relation.ispartofseriesEUIen
dc.relation.ispartofseriesRSCen
dc.relation.ispartofseries2024en
dc.relation.ispartofseriesResearch Project Reporten
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.licenseAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectPolycentricityen
dc.subjectBlockchain governanceen
dc.subjectCommonsen
dc.subjectSocial normsen
dc.subjectGovernanceen
dc.titleBlockchain technology and polycentric governanceen
dc.typeTechnical Reporten
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.orcid0000-0003-4684-4113
person.identifier.orcid0000-0001-9700-2173
person.identifier.other31576
person.identifier.other45597
relation.isAuthorOfPublication0c92550b-8e64-4e35-8de2-d62ecbc55669
relation.isAuthorOfPublication348c9188-b182-497a-a869-fa2541404574
relation.isAuthorOfPublication.latestForDiscovery0c92550b-8e64-4e35-8de2-d62ecbc55669
relation.isOtherContributorOfPublication911305f7-5177-4bdc-8732-e0a592d9244c
relation.isOtherContributorOfPublication.latestForDiscovery911305f7-5177-4bdc-8732-e0a592d9244c
relation.isProjectOfPublicationf78e4168-defc-4d17-b2d8-832dc6526c7f
relation.isProjectOfPublication.latestForDiscoveryf78e4168-defc-4d17-b2d8-832dc6526c7f
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
RSC_TR_2024.pdf
Size:
1.27 MB
Format:
Adobe Portable Document Format
Description:
Full text in Open Access
Download
Collections
RSC Research Reports