Blockchain Governance: A Dynamic View

Abstract

The governance of blockchain systems is unique due to its decentralized nature and automatically enforced rules and mechanisms. Moreover, blockchain governance is crucial in achieving success and sustainability. With this study, we aim to advance the theory of blockchain governance and support practitioners by defining blockchain governance from a holistic viewpoint and identifying its building blocks. As a result of a systematic literature review of 75 recent articles focusing on blockchain governance, we propose a dynamic model that deepens the researchers' and practitioners' understanding of blockchain governance. The conceptual model can serve as a reference framework and structured foundation for analyzing, discussing, and developing the governance of blockchain systems.