Distributed Governance in Multi-Sided Platforms

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Abstract

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.
Original languageEnglish
Title of host publicationCollaborative Value Co-creation in the Platform Economy
EditorsAnssi Smedlund, Arto Lindblom, Lasse Mitronen
Chapter10
Pages183-205
Volume11
ISBN (Electronic)978-981-10-8956-5
DOIs
Publication statusPublished - 24 Jul 2018
MoE publication typeA3 Part of a book or another research book

Publication series

NameTranslational Systems Sciences
PublisherSpringer
Number11
ISSN (Electronic)2197-8832

Keywords

  • Platforms
  • multi-sided markets
  • governance
  • Blockchain
  • Bitcoin
  • cryptocurrency

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