Philosophy of Blockchain Technology - Ontologies

About the necessity and usefulness of developing a philosophy specific to the blockchain technology, emphasizing on the ontological aspects. After an Introduction that highlights the main philosophical directions for this emerging technology, in Blockchain Technology I explain the way the blockchain works, discussing ontological development directions of this technology in Designing and Modeling. The next section is dedicated to the main application of blockchain technology, Bitcoin, with the social implications of this cryptocurrency. There follows a section of Philosophy in which I identify the blockchain technology with the concept of heterotopia developed by Michel Foucault and I interpret it in the light of the notational technology developed by Nelson Goodman as a notational system. In the Ontology section, I present two developmental paths that I consider important: Narrative Ontology, based on the idea of order and structure of history transmitted through Paul Ricoeur's narrative history, and the Enterprise Ontology system based on concepts and models of an enterprise, specific to the semantic web, and which I consider to be the most well developed and which will probably become the formal ontological system, at least in terms of the economic and legal aspects of blockchain technology. In Conclusions I am talking about the future directions of developing the blockchain technology philosophy in general as an explanatory and robust theory from a phenomenologically consistent point of view, which allows testability and ontologies in particular, arguing for the need of a global adoption of an ontological system for develop cross-cutting solutions and to make this technology profitable. CONTENTS: Abstract Introducere Tehnologia blockchain - Proiectare - Modele Bitcoin Filosofia Ontologii - Ontologii narative - Ontologii de intreprindere Concluzii Note Bibliografie DOI: 10.13140/RG.2.2.24510.3360

A Systematic Review of Blockchain Literature in Logistics and Supply Chain Management: Identifying Research Questions and Future Directions

Potential blockchain applications in logistics and supply chain (LSCM) have gained increasing attention within both academia and industry. However, as a field in its infancy, blockchain research often lacks theoretical foundations, and it is not clear which and to what extent organizational theories are used to investigate blockchain technology in the field of LSCM. In response, based upon a systematic literature review, this paper: (a) identifies the most relevant organizational theories used in blockchain literature in the context of LSCM; and (b) examines the content of the identified organizational theories to formulate relevant research questions for investigating blockchain technology in LSCM. Our results show that blockchain literature in LSCM is based around six organizational theories, namely: agency theory, information theory, institutional theory, network theory, the resource-based view and transaction cost analysis. We also present how these theories can be used to examine specific blockchain problems by identifying blockchain-specific research questions that are worthy of investigation

Regulating Disruption: Blockchain, GDPR, and Questions of Data Sovereignty

The article discusses the nature of law in cyberspace. Topics discussed include distinction between regulation as infringement of private autonomy and regulation as a collaborative enterprise; blockchain regulatory conundrum; and neoliberal market-complementing regulation. Also being discussed is the regulation for economic efficiency and consumer choice

Trends in crypto-currencies and blockchain technologies: A monetary theory and regulation perspective

The internet era has generated a requirement for low cost, anonymous and rapidly verifiable transactions to be used for online barter, and fast settling money have emerged as a consequence. For the most part, e-money has fulfilled this role, but the last few years have seen two new types of money emerge. Centralised virtual currencies, usually for the purpose of transacting in social and gaming economies, and crypto-currencies, which aim to eliminate the need for financial intermediaries by offering direct peer-to-peer online payments. We describe the historical context which led to the development of these currencies and some modern and recent trends in their uptake, in terms of both usage in the real economy and as investment products. As these currencies are purely digital constructs, with no government or local authority backing, we then discuss them in the context of monetary theory, in order to determine how they may be have value under each. Finally, we provide an overview of the state of regulatory readiness in terms of dealing with transactions in these currencies in various regions of the world

Le rôle de la blockchain dans la réduction des coûts de transaction : une revue de la littérature, des théories et des modèles

Much attention has been directed towards digitization's potential effect on both transaction costs and organizational designs over the past few years. In particular, digitalization is argued to dramatically lower transaction costs, not only within organizations but also across multiple entities. Blockchain technology firmly positioned itself within mainstream awareness as the groundbreaking emerging technology. The emerging blockchain technology holds the promise of removing the requirement for trustworthy entities (central intermediaries) to secure transactions through digital systems. This paper explores the positions of this technology in cost management through the prism of the institutional transaction costs economy approach We argue that technology based on blockchain has significant promise to help to reduce both economic and social cost impact on the transaction. We employ the setting for developing better insight into different industries & corporate functions in which information asymmetries between the buyer and real estate promoter as well as the associated transaction costs involved in the property transfer are large and frequently intractable. We outline the ways in which blockchain technologies embedded in a decentralized transaction-based system can help overcome these issues in the area of asset management. Our results suggest that information sharing regarding assets performance moderates both the effects of contractors-side adverse choice as well as decrease the vertical moral hazard of assets through generating a disciplinary incentive. Additionally, in this work, we find evidence of an incentive for assets to exhibit opportunistic behavior when value-added Information of the asset nature are available.     JEL Classification: D00 Paper type: Theoretical ResearchAu cours des dernières années, une grande attention a été portée à l'effet potentiel de la digitalisation tant sur les coûts de transaction que sur les conceptions organisationnelles. En particulier, la numérisation est censée réduire considérablement les coûts de transaction, non seulement au sein des organisations, mais aussi entre plusieurs entités. La technologie blockchain s'est fermement positionnée dans la conscience du grand public comme une technologie émergente révolutionnaire. Cette technologie émergente promet de supprimer l'exigence d'entités de confiance (intermédiaires de confiance) pour sécuriser les transactions par le biais de systèmes numériques. Ce papier explore les positions de cette technologie dans la gestion des coûts à travers le prisme de l'approche de l'économie des coûts de transaction institutionnels. Nous soutenons que la technologie basée sur la blockchain est très prometteuse pour contribuer à réduire l'impact des coûts économiques et sociaux dans la transaction. Nous employons les paramètres pour développer une meilleure compréhension de différentes industries et fonctions d'entreprise dans lesquelles les asymétries d'information entre l'acheteur et le vendeur de biens immobiliers ainsi que les coûts de transaction associés impliqués dans le transfert de propriété sont importants et souvent insolubles. Nous exposons les moyens par lesquels les technologies blockchain intégrées dans un système décentralisé basé sur les transactions peuvent aider à surmonter ces problèmes dans le domaine de la gestion des actifs. Nos résultats suggèrent que le partage d'informations concernant la performance des actifs modère à la fois l'effet du choix défavorable du côté des entrepreneurs et diminue l'aléa moral vertical des actifs en générant une incitation disciplinaire. De plus, dans ce travail, nous trouvons des preuves d'une incitation pour les actifs à avoir un comportement opportuniste lorsque des informations à valeur ajoutée sur la nature de l'actif sont disponibles.     Classification JEL: D00 Type de l’article : Article théorique. &nbsp

Decentralized Autonomous Organizations and Decentralized Finance, A Bibliometric and Content Analysis

Decentralized Autonomous Organizations (DAOs) present a new technological advancement that may pose a challenge to traditional organizations in terms of governance and decision-making. DAOs offer a novel approach to organization and collaboration by implementing a decentralized, immutable, and trustless system. These organizations run on blockchain technology through the use of smart contracts, enabling autonomous and self-executing operations. Despite their potential, DAOs still face uncertainties regarding their security, governance, and scalability, among other challenges. To determine research gaps and aid in the successful development of DAOs, this paper conducts a bibliometric and content analysis, which is currently missing from existing literature, to provide structural support for this process. This paper identifies the most significant research streams and influential articles on DAOs, providing a comprehensive overview of the current state of this field. Moreover, it investigates the performance of major Decentralized Finance (DeFi) DAOs in light of these research streams, offering insights into their practical applications and effectiveness. To facilitate future research in this domain, the paper proposes several research questions for each identified research stream. These questions aim to address gaps in the current understanding of DAOs, paving the way for novel research that can contribute to the development and enhancement of this innovative technology

Democracy Through The Blocks: Towards the Era of Law Engineering

As we enter the age of decentralization, technological and political tensions stress the fabric of modern Democracies. Understanding the theoretical and practical challenges that we will be forced to face is the focus of this project. From the technological choices and their implementations, passing through their political and philosophical consequences, a new path needs to be drawn in order to understand whether DLTs will fundamentally change the very concepts of eDemocracy and governance, or improve existing models

Blockchain Application in Information Systems Research

Blockchain is a radical innovation with a core value proposition of shifting trust from institutions towards algorithms. Still, the potential of Blockchains remains vague due to the knowledge gap between computer science and socio-economic activities. Ninety percent of current Blockchain projects did not move from ideas to production-ready prototypes. Researchers and practitioners are searching for the meaningful leveraging of Blockchains for value creation. This dissertation aims to bridge the gap between technical and managerial knowledge of Blockchain that allows successful Blockchain system design and implementation. Therefore, the objective of the project is to identify the scope of Blockchain applications and introduce guidelines to make purposeful decisions of Blockchain implementations. The dissertation project covers four research questions. First, I consolidated knowledge of Blockchain technical configurations through the development of a taxonomy. Second, I considered the design patterns of smart contracts that represent the application logic of Blockchain systems. Third, I offered guidance for transforming initial conceptions of Blockchain ideas into working system prototypes by introducing a Blockchain configuration process model. Fourth, I investigated the common factors of Blockchain decisions to evaluate Blockchain implementations in the form of the framework. I employed a Design Science Research approach to developing four artefacts. The first three artefacts consider technical, application, and organizational aspects of Blockchain. The synergy reflects in the fourth, combinational artefact, which employs the high-level factors of Blockchain decisions. During the project, I have investigated the scientific and business studies, run Blockchain-based applications, conduct interviews, and evaluate the findings on Blockchain projects. The dissertation project contributes to research by bridging knowledge gaps between computer science and socio-economic research on a Blockchain that provides a fruitful ground for future conceptual and empirical studies. For practitioners, the developed artefacts are useful to identify and guide Blockchain projects that facilitate purposeful Blockchain adoption