Distributed Governance in Multi-sided Platforms: A Conceptual Framework from Case: Bitcoin

Over the last decade, blockchain technology has facilitated a method by which a network of equipotent and equally privileged peers can jointly maintain and edit databases in an entirely decentralized manner, without any kind of an intermediary exhibiting unilateral control. As a consequence it has enabled the creation of a new type of multi-sided platform architecture with distributed governance. As the different platform provision functions are opened to free market competition rather than monopolized by a single entity, the monopoly-like pricing structure typical of platforms is overhauled. Instead, blockchain-enabled distributed platforms appear to share value more evenly between the all the different market sides connected to the platform. Our analysis reveals that blockchain technology adds new considerations to how multi-sided platform architectures should be perceived and analyzed.

In: Smedlund, A., Lindblom, A. & Mitronen, L. (eds)
Collaborative Value Co-creation in the Platform Economy.
Translational Systems Sciences, vol 11. chapter 10, pp. 183-205, Springer, Singapore.

Publication info

Date
12.07.2018
Keywords
Platforms, Multi-sided markets, Governance, Blockchain, Bitcoin, Cryptocurrency
Availability of print version
Available
Language
English
Publication on other services
link.springer.com