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

doi:10.5465/amd.2020.0134

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 Journal › Journal article › Research › peer-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 language	English
Journal	Academy of Management Discoveries
Volume	6
Issue number	4
Pages (from-to)	712-714
ISSN	2168-1007
DOIs	https://doi.org/10.5465/amd.2020.0134
Publication status	Published - 2020

Keywords

blockchain
governance
decentralization
centralization
control
permissioned
permissionless

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10.5465/amd.2020.0134

Halaburda & Mueller-Bloch (2020)Accepted author manuscript, 135 KB

https://journals.aom.org/doi/abs/10.5465/amd.2020.0134

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Halaburda, H., & Mueller-Bloch, C. (2020). 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. Academy of Management Discoveries, 6(4), 712-714. https://doi.org/10.5465/amd.2020.0134

Halaburda, Hanna ; Mueller-Bloch, Christoph. / 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. In: Academy of Management Discoveries. 2020 ; Vol. 6, No. 4. pp. 712-714.

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Halaburda, H & Mueller-Bloch, C 2020, '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', Academy of Management Discoveries, vol. 6, no. 4, pp. 712-714. https://doi.org/10.5465/amd.2020.0134

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. / Halaburda, Hanna; Mueller-Bloch, Christoph.
In: Academy of Management Discoveries, Vol. 6, No. 4, 2020, p. 712-714.

Research output: Journal Article or Conference Article in Journal › Journal article › Research › peer-review

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