Investigating the Decentralized Governance of Distributed Ledger Infrastructure Implementation in Extended Enterprises

Bokolo Anthony Jnr. ()
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Bokolo Anthony Jnr.: Institute for Energy Technology (IFE)

Journal of the Knowledge Economy, 2023, vol. 14, issue 4, No 59, 5003-5032

Abstract: Abstract Distributed ledger technology (DLT) is a disruptive technology with the potential of improving extended enterprise (EE) which comprises organizations that combine their capabilities and knowhow to achieve a common goal. Within the extended enterprise, governance enables distributed ledger control and stewardship and provides effective ways for enforcing ledger access and ownership policies. Although research related to DLT has received attention from academics and industries, the decentralized governance perspective of DLT remains less explored, and it is uncertain how decisions are made concerning the deployment of DLT within EE. These call for governance policies to protect the interests and needs of all stakeholders within the extended enterprise. Therefore, there is need for research that provides insight regarding the decentralized governance of DLT, showing how stakeholders and actors within EE make informed decisions. Accordingly, grounded on academic literature, this study develops governance of DLT framework for extended enterprises which comprises DLT governance dimensions, stakeholder/actors, and DLT governance mechanisms. The findings also present the governance actors and categories of DLTs, potentials, and challenges regarding decentralized governance of DLT in extended enterprises. Findings provide implications to enterprises, researchers, practitioners, industries, and policymakers on the concept of decentralized governance for organizational transformation. Finally, findings from this research are instrumental for designing governance policies to support DLT implementation and stimulate potential research within this direction.

Keywords: Digital infrastructures; Technological innovation; Disruptive technology; Decentralized governance; Distributed ledger infrastructure; Extended enterprises (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s13132-022-01079-7

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