Governance of Blockchain-Based Platforms

Abstract

Blockchain technology may disrupt industries by disintermediation. Hence, it challenges market-oriented platforms like Amazon or Facebook as intermediaries. In the case of blockchain-based platforms, if there may be no platform owner as an intermediary, the different sides of a platform will still need to be orchestrated by platform governance. Following this, blockchainbased platforms must also have mechanisms for orchestrating their platform sides. These mechanisms of blockchain-based platforms may differ from traditional platform governance. This research aims to enhance the understanding of governance mechanisms of blockchain-based platforms. For this purpose, a case study is conducted to analyze the governance mechanisms and their manifestations. Therefore, the initial governance mechanisms were taken from research on platforms. As a result, blockchain specific characteristics of governance mechanisms were identified.