Blockchain and Tokenization of Good Governance

Katayoon Beshkardana ()
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Katayoon Beshkardana: Morgan State University, USA

RAIS Conference Proceedings 2022-2024 from Research Association for Interdisciplinary Studies

Abstract: From the financial services sector to the management of sustainable supply chains, energy markets, and intellectual property, the world of business is hyped with the use of blockchain to carry its processes. Blockchain’s promise is to reduce agency costs and increase connectivity across markets. A sustainable blockchain ecosystem inevitably relies on factors of good governance including participation, rule of law, transparency, inclusiveness, effectiveness, and accountability. A workable governance model for a blockchain-based economy composes of monitoring, enforcement, and compliance mechanisms provided both by the technology itself and the government. This article is a reflection on the role of the private sector as well as the administrative state in regulating decentralized blockchain-based market.

Keywords: blockchain; good governance; GDPR; Securities and Exchange Commission (search for similar items in EconPapers)
Pages: 7 pages
Date: 2022-03
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Published in Proceedings of the 26th International RAIS Conference on Social Sciences and Humanities, February 27-28, 2022, pages 47-56

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Persistent link: https://EconPapers.repec.org/RePEc:smo:raiswp:0162

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