Skip to main content
Top

2021 | OriginalPaper | Chapter

5. Distributing and Democratizing Institutional Power Through Decentralization

Authors : Amir Fard Bahreini, John Collomosse, Marc-David L. Seidel, Maral Sotoudehnia, Carson C. Woo

Published in: Building Decentralized Trust

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Discussions of decentralization with respect to blockchain have tended to focus on the architecture of decentralization, its influence, and potential technical hurdles. Furthermore, decentralization is often conflated with distribution in these discussions. The authors argue, instead, for a relational definition of decentralization that considers blockchain within a data-social-technical framework. By considering conceptual ambiguities and the influence of decentralization on each of the data, technical, and social layers of blockchain, the authors analyze the disruptive power of decentralization. Shifting to a decentralized organization of activity necessarily requires a transition that threatens existing power structures and dynamics, requiring actors to consider how such changes in power might interplay with, and be mitigated by changes in, trust dynamics. These institutional barriers to adoption must be understood as part of the design of the technology to help realize its ultimate societal success. As the process of decentralization evolves, further research will be needed to expose and mitigate associated challenges to data preservation and security, and to consider how societal resistance and related pitfalls might impact and restrict adoption of the democratization process.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Deleuze, G., & Guattari, F. (1983). Anti-Oedipus: Capitalism and schizophrenia. Minneapolis, MN: University of Minnesota Press. Deleuze, G., & Guattari, F. (1983). Anti-Oedipus: Capitalism and schizophrenia. Minneapolis, MN: University of Minnesota Press.
go back to reference DuPont, Q. (2019). Cryptocurrencies and blockchains. Cambridge: Polity Press. DuPont, Q. (2019). Cryptocurrencies and blockchains. Cambridge: Polity Press.
go back to reference Franceschi, M., Morelli, D., Plans, D., Brown, A., Collomosse, J., Coutts, L., & Ricci, L. (2018). ComeHere: Exploiting Ethereum for secure sharing of health-care data. In G. Mencagli et al. (Eds.), Euro-Par 2018: Parallel processing workshops – Revised selected papers, Euro-Par 2018. Lecture notes in computer science (Vol. 1133, pp. 585–596). Cham: Springer. https://doi.org/10.1007/978-3-030-10549-5_46.CrossRef Franceschi, M., Morelli, D., Plans, D., Brown, A., Collomosse, J., Coutts, L., & Ricci, L. (2018). ComeHere: Exploiting Ethereum for secure sharing of health-care data. In G. Mencagli et al. (Eds.), Euro-Par 2018: Parallel processing workshops – Revised selected papers, Euro-Par 2018. Lecture notes in computer science (Vol. 1133, pp. 585–596). Cham: Springer. https://​doi.​org/​10.​1007/​978-3-030-10549-5_​46.CrossRef
go back to reference Gefen, D., Karahanna, E., & Straub, D. W. (2003). Trust in TAM in online shopping: An integrated model. MIS Quarterly, 27(1), 51–90.CrossRef Gefen, D., Karahanna, E., & Straub, D. W. (2003). Trust in TAM in online shopping: An integrated model. MIS Quarterly, 27(1), 51–90.CrossRef
go back to reference Gencer, A. E., Basu, S., Eyal, I., Van Renesse, R., & Sirer, E. G. (2018). Decentralization in bitcoin and ethereum networks. In S. Meiklejohn & K. Sako (Eds.), Financial cryptography and data security (FC 2018) – Revised selected papers. Lecture notes in computer science (Vol. 10957, pp. 439–457). Cham: Springer. https://doi.org/10.1007/978-3-662-58387-6_24. Gencer, A. E., Basu, S., Eyal, I., Van Renesse, R., & Sirer, E. G. (2018). Decentralization in bitcoin and ethereum networks. In S. Meiklejohn & K. Sako (Eds.), Financial cryptography and data security (FC 2018) – Revised selected papers. Lecture notes in computer science (Vol. 10957, pp. 439–457). Cham: Springer. https://​doi.​org/​10.​1007/​978-3-662-58387-6_​24.​
go back to reference Halaburda, H., Levina, N., & Semi, M. (2019). Understanding smart contracts as a new option in transaction cost economics. In Proceedings of the 40th International Conference on Information Systems, Munich. Available at SSRN: https://ssrn.com/abstract=3506223 Halaburda, H., Levina, N., & Semi, M. (2019). Understanding smart contracts as a new option in transaction cost economics. In Proceedings of the 40th International Conference on Information Systems, Munich. Available at SSRN: https://​ssrn.​com/​abstract=​3506223
go back to reference Lemieux, V. L. (2017). A typology of blockchain recordkeeping solutions and some reflections on their implications for the future of archival preservation. [Paper presentation]. 2017 IEEE International Conference on Big Data (Big Data), Boston, MA, 2017 (pp. 2271–2278). https://doi.org/10.1109/BigData.2017.8258180 Lemieux, V. L. (2017). A typology of blockchain recordkeeping solutions and some reflections on their implications for the future of archival preservation. [Paper presentation]. 2017 IEEE International Conference on Big Data (Big Data), Boston, MA, 2017 (pp. 2271–2278). https://​doi.​org/​10.​1109/​BigData.​2017.​8258180
go back to reference Murray, A., Kuban, S., Josefy, M., & Anderson, J. (2019). Contracting in the smart era: The implications of blockchain and decentralized autonomous organizations for contracting and corporate governance. Academy of Management Perspectives. https://doi.org/10.5465/amp.2018.0066 Murray, A., Kuban, S., Josefy, M., & Anderson, J. (2019). Contracting in the smart era: The implications of blockchain and decentralized autonomous organizations for contracting and corporate governance. Academy of Management Perspectives. https://​doi.​org/​10.​5465/​amp.​2018.​0066
go back to reference Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind Bitcoin is changing money, business, and the world. New York: Portfolio/Penguin. Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind Bitcoin is changing money, business, and the world. New York: Portfolio/Penguin.
go back to reference Walch, A. (2019). Deconstructing ‘decentralization’: Exploring the core claim of crypto systems. In C. Brummer (Ed.), Cryptoassets: Legal, regulatory, and monetary perspectives (pp. 39–68). New York: Oxford University Press.CrossRef Walch, A. (2019). Deconstructing ‘decentralization’: Exploring the core claim of crypto systems. In C. Brummer (Ed.), Cryptoassets: Legal, regulatory, and monetary perspectives (pp. 39–68). New York: Oxford University Press.CrossRef
Metadata
Title
Distributing and Democratizing Institutional Power Through Decentralization
Authors
Amir Fard Bahreini
John Collomosse
Marc-David L. Seidel
Maral Sotoudehnia
Carson C. Woo
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-54414-0_5

Premium Partner