We develop a theory of blockchain governance using tools from formal political theory. The software underlying … blockchain projects is frequently updated (forked) to implement new policies, and these forks are the subject of our inquiry. We … blockchain systems …

Blockchain technologies have generated excitement, yet their potential to enable new forms of governance remains … largely unexplored. Two confronting standpoints dominate the emergent debate around blockchain-based governance: discourses … arises, can we build perspectives of blockchain-based governance that go beyond markets and states? In this article we draw …

incompleteness. Thus despite objectives for blockchain-governed institutional (or even constitutional) frameworks to operate as fully … illusory. A role will continue to exist for the real-world contract governance institutions as a complement to blockchain …

We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of … services. We analyze the interactions between blockchain governance and the market structure of the industries in the … blockchain ecosystem. Our main result is that the proof-of-work system leads to a situation where a large firm captures the …

Blockchain governance can be regarded as the integration of norms and culture, the laws and the code, the people and …

applied to blockchain and future applications. Our analysis is divided into consideration of blockchain as an institutional … technology, blockchain as a polycentric enterprise, and the ways to empirically research blockchain. The Institutional Analysis …

We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of … services. We analyze the two-way interactions between blockchain governance and the market structure of the industries in the … blockchain ecosystem. Our main result is that the proof-of-work system leads to a situation where the governance of the …