Decision-making in blockchains

Spychiger, Florian; Lustenberger, Michael

doi:10.21256/zhaw-25564

Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-25564

Publication type:	Conference paper
Type of review:	Peer review (abstract)
Title:	Decision-making in blockchains
Authors:	Spychiger, Florian Lustenberger, Michael
et. al:	No
DOI:	10.21256/zhaw-25564
Conference details:	22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022
Issue Date:	2022
Publisher / Ed. Institution:	ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Language:	English
Subjects:	Blockchain; Decision-making; Governance; Framework
Subject (DDC):	332: Financial economics 658.403: Decision making, information management
Abstract:	Blockchain platforms are a new technology that allow for innovative business models. However, due to the decentralized aspect of blockchains, new organizational challenges arise. Blockchains require intricate governance mechanisms to align all interests of the involved stakeholders. A crucial part of blockchain governance is decision-making, i.e., the way how a community of a blockchain platform is able to reach decisions. While blockchain governance as a whole has received considerable interest of academia, blockchain decision-making has not yet been sufficiently addressed. Through an exploratory multiple case study, we create a framework to analyse blockchain decision-making and identify five different archetypes of decision-making. Even though blockchains are decentralized platforms, we can show that there are central elements for every archetype. The degree of this centralization varies across archetype and might be connected to the business cases of the different platforms. Furthermore, many factors of decision-making process are still off-chain and only a few factors are truly on-chain. We arrived at these insights through a first stsuctured approach for decision-making in blockchains. Thus, we provide new tools for researcher and practitioners and pave the way to novel blockchain applications with sound decision-making mechanisms.
URI:	https://digitalcollection.zhaw.ch/handle/11475/25564
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Organisational Unit:	Institute for Organizational Viability (IOV)
Appears in collections:	Publikationen School of Management and Law

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Spychiger, F., & Lustenberger, M. (2022). Decision-making in blockchains. 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022. https://doi.org/10.21256/zhaw-25564

Spychiger, F. and Lustenberger, M. (2022) ‘Decision-making in blockchains’, in 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-25564.

F. Spychiger and M. Lustenberger, “Decision-making in blockchains,” in 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022, 2022. doi: 10.21256/zhaw-25564.

SPYCHIGER, Florian und Michael LUSTENBERGER, 2022. Decision-making in blockchains. In: 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022. Conference paper. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. 2022

Spychiger, Florian, and Michael Lustenberger. 2022. “Decision-Making in Blockchains.” Conference paper. In 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-25564.

Spychiger, Florian, and Michael Lustenberger. “Decision-Making in Blockchains.” 22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022, ZHAW Zürcher Hochschule für Angewandte Wissenschaften, 2022, https://doi.org/10.21256/zhaw-25564.