Toward a Multidimensional Conceptualization of Decentralization in Blockchain Governance: Commentary on “Two Sides of the Same Coin? Decentralized versus Proprietary Blockchains and the Performance of Digital Currencies” by Cennamo, Marchesi, and Meyer

Hanna Halaburda, Christoph Mueller-Bloch

    Research output: Journal Article or Conference Article in JournalJournal articleResearchpeer-review

    Abstract

    In this commentary, we argue that studies similar to Cennamo, Marchesi, and Meyer (2020) should distinguish four dimensions of control in blockchain governance, all of which could be more or less decentralized. For some of these dimensions, decentralization is likely beneficial, while for others centralization may be preferable. Cennamo et al. (2020) provide evidence that the initial design stages of blockchain systems benefit from centralization. Future research is needed to provide empirical insights for other dimensions of control in blockchain governance.
    Original languageEnglish
    JournalAcademy of Management Discoveries
    Volume6
    Issue number4
    Pages (from-to)712-714
    ISSN2168-1007
    DOIs
    Publication statusPublished - 2020

    Keywords

    • blockchain
    • governance
    • decentralization
    • centralization
    • control
    • permissioned
    • permissionless

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