Accountability in permissioned blockchains: through the ledger, the code and the people

Mélissa Fortin, Erica Pimentel and Emilio Boulianne

Accounting, Auditing & Accountability Journal, 2023, vol. 38, issue 3, 853-878

Abstract: Purpose - This study explores how introducing a permissioned blockchain in a supply chain context impacts accountability relationships and the process of rendering an account. The authors explore how implementing a digital transformation impacts the governance of network transactions. Design/methodology/approach - The authors mobilize 28 interviews and documentary analysis. The authors focus on early blockchain adopters to get an insight into how implementing a permissioned blockchain can transform information sharing, coordination and collaboration between business partners, now converted into network participants. Findings - The authors suggest that implementing a permissioned blockchain impacts accountability across three levers, namely through the ledger, through the code and through the people, where these levers are interconnected. Blockchains are often valued for their ability to enable transparency through the visibility of transactions, but the authors argue that this is an incomplete view. Rather, transparency alone does not help to satisfy a duty of accountability, as it can result in selective disclosure or obfuscation. Originality/value - The authors extend the conceptualizations of accountability in the blockchain literature by focusing on how accountability relationships are enacted, and accounts are rendered in a permissioned blockchain context. Additionally, the authors complement existing work on accountability and governance by suggesting an integrated model across three dimensions: ledger, code and people.

Keywords: Blockchain; Permissioned blockchain; Accountability; Transparency; Algorithmic governance; Governance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aaajpp:aaaj-12-2022-6213

DOI: 10.1108/AAAJ-12-2022-6213

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