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

Abstract

Distributed ledger technology (DLT) is a disruptive technology with the potential of improving extended enterprise (EE) which comprises organizations that combine their capabilities and knowhow to achieve a common goal. Within the extended enterprise, governance enables distributed ledger control and stewardship and provides effective ways for enforcing ledger access and ownership policies. Although research related to DLT has received attention from academics and industries, the decentralized governance perspective of DLT remains less explored, and it is uncertain how decisions are made concerning the deployment of DLT within EE. These call for governance policies to protect the interests and needs of all stakeholders within the extended enterprise. Therefore, there is need for research that provides insight regarding the decentralized governance of DLT, showing how stakeholders and actors within EE make informed decisions. Accordingly, grounded on academic literature, this study develops governance of DLT framework for extended enterprises which comprises DLT governance dimensions, stakeholder/actors, and DLT governance mechanisms. The findings also present the governance actors and categories of DLTs, potentials, and challenges regarding decentralized governance of DLT in extended enterprises. Findings provide implications to enterprises, researchers, practitioners, industries, and policymakers on the concept of decentralized governance for organizational transformation. Finally, findings from this research are instrumental for designing governance policies to support DLT implementation and stimulate potential research within this direction.

Sustainable Marketing and Its Promotion

“…Walmart tries to promote sustainable marketing in all its business actions. It adopts several measures to educate individuals about the necessity of preserving the environment for future generations (Anthony Jnr, 2022). Walmart has introduced several highefficiency stores which use a minimum amount of energy for their operations.…”

A developed distributed ledger technology architectural layer framework for decentralized governance implementation in virtual enterprise

“…But issues related to the regulatory, technical, and governance of DLT still remains as a key challenge that DLT platforms (particularly permissionless ones) are finding solution to address (Atzori 2017). As mentioned in the literature, the adoption of DLT in intra-organizations is still low due to the absence of a governance standards (Anthony Jnr 2022b). The governance of DLT is still an issue due to lack of liability and law compliance within decentralized open peer-to-peer networks.…”

“…This also leads to increasing concern for regulators, particularly in financial sectors where any threat to trust and stability in the economic environment are of utmost importance (Zachariadis et al 2019). Paradoxically, DLT is adopted to improve the governance of other digital platforms but who governs these DLT adopted in VE (Anthony Jnr 2022b). Moreover, understanding how DLT are governed is necessary to come up with recommendations for policymakers (Pelt et al 2021).…”