Organizational governance in the smart era: the implications of blockchain

【Author】 Lin, Runhui; Wang, Lun; Li, Biting; Lu, Yanhong; Qi, Zhiqiang; Xie, Linyu

【Source】NANKAI BUSINESS REVIEW INTERNATIONAL

【Abstract】Purpose Blockchain is a technical solution integrating multiple technologies, with the potential to overcome the drawbacks of organizational governance. Given the emergence and prevalence of blockchain, its importance for organizational governance has progressively increased. Therefore, this study aims to analyze how blockchain restructure organizational governance. Design/methodology/approach This study presents a structured systematic literature review of blockchain-enabled applications across diverse organizational governance models and several case studies to illustrate them. Based on the above analysis, governance mechanisms, transaction upgrading and challenges are proposed. Findings Based on the literature review and typical applications, the authors summarize the advances in the research on the theoretical and practical applications of blockchain in organizational governance. We also identify the influence mechanisms of organizational governance and investigate transaction upgrading based on blockchain. Finally, the authors discuss three types of challenges (i.e. administrative, technical and environmental) to the relationship between blockchain and organizational governance. Along with the development of blockchain applications, the impact of blockchain on organizational governance has progressed in both theory and practice. Therefore, these findings will have significant implications for both academics and practitioners. Originality/value This paper makes three key theoretical contributions: we review the literature on the impact of blockchain on organizational governance and present typical cases to illustrate it; propose four governance mechanisms for the application of blockchain in organizational governance; and propose an innovating-and-matching-oriented model of transaction upgrading based on blockchain.

【Keywords】Blockchain; Governance mechanism; Organizational governance; Technical trust; Transaction upgrading

【标题】智能时代的组织治理：区块链的意义

【摘要】目的 区块链是一种整合多种技术的有可能克服组织治理的弊端的解决方案。鉴于区块链的出现和盛行，其对组织治理的重要性也逐渐增加。因此，本研究旨在分析区块链如何重构组织治理。设计/方法/途径 本研究对区块链在不同组织治理模式中的应用进行了结构化的系统文献回顾，并由几个案例研究来说明。在上述分析的基础上，提出了治理机制、交易升级和挑战。研究结果 基于文献回顾和典型应用，作者总结了区块链在组织治理中的理论和实践应用的研究进展，并确定了组织治理的影响机制，研究了基于区块链的交易升级。最后，作者讨论了区块链与组织治理之间关系的三类挑战（即行政、技术和环境）。伴随着区块链应用的发展，区块链对组织治理的影响在理论和实践上都有了进展。因此，这些发现将对学术界和从业人员产生重大影响。原创性/价值 本文有三个关键的理论贡献：我们回顾了区块链对组织治理影响的文献，并提出典型案例加以说明；提出了区块链在组织治理中应用的四种治理机制；提出了基于区块链的创新与匹配导向的交易升级模型。

【关键词】区块链；治理机制；组织治理；技术信任；交易升级

【收录时间】2022-02-10

【文献类型】Article; Early Access

【论文大主题】区块链政策法律

【论文小主题】区块链的司法政务应用

【影响因子】0.000

【翻译者】丁子仪