Governance of Decentralized Organizations: Lessons from Ethereum

Michel Avital, Johannes Rude Jensen, Omry Ross

    Abstract

    We explore the governance mechanisms of decentralized organization drawing on an empirical study of the open source blockchain project Ethereum. We identify three classes of governance mechanisms: control, coordination, and realignment, and compare governance praxis in centralized and decentralized organizations. The findings point to governing action through mutually affective processes between stakeholders and the organization as an emergent whole, in which we map articulations of governance to the process-ontological concepts code and territory. This informs a philosophical interpretation in which governing action is understood as both coding/decoding of norms and practices, and territorializing/deterritorializing of organizational boundaries through perceived shared notions of identity. We argue that interpretations of governance mechanisms in near-autonomous or stigmergic forms of a decentralized organization require a theoretical taxonomy emphasizing process over structure.
    Original languageEnglish
    Publication date2019
    Publication statusPublished - 2019
    Event11th International Process Symposium Organizing in the Digital Age. PROS 2019 -
    Duration: 19 Jun 2019 → …

    Conference

    Conference11th International Process Symposium Organizing in the Digital Age. PROS 2019
    Period19/06/2019 → …

    Fingerprint

    Dive into the research topics of 'Governance of Decentralized Organizations: Lessons from Ethereum'. Together they form a unique fingerprint.

    Cite this