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2021 | OriginalPaper | Chapter

7. Conclusion: Theorizing from Multidisciplinary Perspectives on the Design of Blockchain and Distributed Ledger Systems (Part 2)

Authors : Victoria L. Lemieux, Chen Feng

Published in: Building Decentralized Trust

Publisher: Springer International Publishing

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Abstract

This concluding chapter further develops the “three layer” model (i.e., the social, data/records and technical layers) of distributed ledger technology (DLT), which was used as a framework during the Peter Wall Institute for Advanced Studies’ Workshop on The Truth Machine: Exploring the Social, Records and Technical Potential and Pitfalls of Blockchain and Distributed Ledger Technologies and in previous chapters to explore five key themes commonly associated with DLT systems: governance, incentives, security, decentralization, and provenance. An integrative multidisciplinary ontological framework is proposed as a basis for synthesizing the workshop participants’ emergent understanding of the layers and the key themes. Systems theory is then drawn upon, with the goal of refining and offering a model to both describe and aid the design of DLT systems. Such a scientific model has the power to describe a range of DLT systems, serve as an engineering design model to facilitate assessment of design alternatives, and generate the creation of new (and better) designs. While acknowledging the bounds and limitations of the “three layer” model (and of all models), the authors hope it will serve as a starting point for future research to develop a deeper understanding of DLT systems and how they might best be designed.

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Footnotes
1
There was some discussion in the group as to whether these layers should be called dimensions rather than layers. The argument for the use of the term dimensions centered on a concern that it would be confusing for software developers who typically conceptualized of layers as layers in the TCP/IP stack. On the other hand, some saw the use of the term, and its association with software development, as being advantageous in promoting an extended understanding of the software development stack as expanding into social and data/records design considerations. The group came to no definitive conclusion on this issue of nomenclature but, as discussed in this chapter, a deeper understanding of the layers as subsystems of DLT systems has emerged from a synthesis of multidisciplinary perspectives.
 
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Metadata
Title
Conclusion: Theorizing from Multidisciplinary Perspectives on the Design of Blockchain and Distributed Ledger Systems (Part 2)
Authors
Victoria L. Lemieux
Chen Feng
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-54414-0_7

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