Different types of government and governance in the blockchain

Abstract

This research work, a study was carried out on blockchain technology and its types, as well as the creation of new models of government and governance from the scope of an organization, infrastructure and platform. Governance and commercial models were addressed, based on standardization of data and legal frameworks. On the other hand, it showed how operational governance causes consequences in business models, whether with transactions, multi-signature, forks, consensus mechanism, smart contracts, tokenization, online dispute resolution and decentralized application (World Economic Forum, 2020, pp. 97 196). It was discovered that at least in current business models, private blockchain networks are more useful than public networks because they have greater operational flexibility and data governance, without exempting that public networks must also have mechanisms of governance since sometimes a human consensus must be reached to make updates to protocols and technical rules (The Law Society, 2020, pp. 24-61). This paper shows the basic principles that must be observed about governance and regulation in the implementation of blockchain technologies in systems created by governments, corporations and/or organized civil societies.

How the introduction of new regulatory forms shapes firm self-regulation in the US automobile industry

“…Current research has not established a link between government regulation and firm self-regulation (Covarrubias and Covarrubias, 2021). The primary contribution of this research, thus, is in showing that information-based regulation can result in firm self-regulation.…”

“…, 2018). Existing research has found little or no association between government policies and firm self-regulation (Covarrubias and Covarrubias, 2021; Demirel and Kaido, 2011; Christmann and Taylor, 2006; Demirel et al. , 2018).…”

“…The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/1935-5181.htm (Demirel et al, 2018). Existing research has found little or no association between government policies and firm self-regulation (Covarrubias and Covarrubias, 2021;Demirel and Kaido, 2011;Christmann and Taylor, 2006;Demirel et al, 2018). Examples include the role of regulatory complexity in encouraging firm self-reporting of corporate social responsibility initiatives as well as the role of cooperative arrangements between regulators and firms in establishing firm proactivity (Demirel et al, 2018).…”

Investigating the Decentralized Governance of Distributed Ledger Infrastructure Implementation in Extended Enterprises

“…Evidently, public DLTs such as Bitcoin lack a proper governance structure. Nevertheless, developers and community involved in this DLTs can control and make compatible technical changes with the approval of the majority nodes (Llamas Covarrubias & Llamas Covarrubias, 2021). Mostly permissioned protocols are deployed by extended enterprise to govern their DLTs implemented.…”

“…DLT governance mechanisms is an important element as supports operational governance of how DLT will work (Llamas Covarrubias & Llamas Covarrubias, 2021). DLT governance consensus mechanisms radically lessen bureaucracy that can occur with the DLT network (John & Pam, 2018).…”