Toward a Multidimensional Conceptualization of Decentralization in Blockchain Governance: Commentary on “Two Sides of the Same Coin? Decentralized versus Proprietary Blockchains and the Performance of Digital Currencies” by Cennamo, Marchesi, and Meyer

Academy of Management DiscoveriesVol. 6, No. 4 CommentariesToward a Multidimensional Conceptualization of Decentralization in Blockchain Governance: Commentary on “Two Sides of the Same Coin? Decentralized versus Proprietary Blockchains and the Performance of Digital Currencies” by Cennamo, Marchesi, and MeyerHanna Halaburda and Christoph Mueller-BlochHanna Halaburda1 Corresponding author.New York University and Christoph Mueller-BlochIT University of CopenhagenPublished Online:31 Dec 2020https://doi.org/10.5465/amd.2020.0134AboutSectionsView articleView Full TextPDF/EPUB ToolsDownload CitationsAdd to favoritesTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail View articleREFERENCESAlsabah, H. & Capponi, A. 2020. Pitfalls of bitcoin’s proof-of-work: R&D arms race and mining centralization. Available at http://dx.doi.org/10.2139/ssrn.3273982. Accessed November 25, 2020. Google ScholarAndersen, J. V., & Bogusz, C. I. 2019. Self-organizing in blockchain infrastructures: Generativity through shifting objectives and forking. Journal of the Association for Information Systems, 20(9): 1242–1273. Google ScholarArnosti, N., & Weinberg, S. M. 2018. Bitcoin: A natural oligopoly. Working paper, arXiv:1811.08572. Google ScholarAzouvi, S., Maller, M., & Meiklejohn, S. 2018. Egalitarian society or benevolent dictatorship: The state of cryptocurrency governance. International Conference on Financial Cryptography and Data Security: 127–143. Berlin, Heidelberg: Springer. Google ScholarBakos, Y., Halaburda, H., & Mueller-Bloch, C. 2021. When permissioned blockchains deliver more decentralization than permissionless. Communications of the ACM, 64(2). Google ScholarBeck, R., Mueller-Bloch, C., & King, J. L. 2018. Governance in the blockchain economy: A framework and research agenda. Journal of the Association for Information Systems, 19(10): 1020–1034. Google ScholarCennamo, C., Marchesi, C., & Meyer, T. 2020. Two sides of the same coin? Decentralized versus proprietary blockchains and the performance of digital currencies. Academy of Management Discoveries, 6(3): 382–405.Abstract , Google ScholarCong, L. W., He, Z. & Li, Y. 2020. Decentralized mining in centralized pools. The Review of Financial Studies, in press. Google ScholarHalaburda, H., & Mueller-Bloch, C. 2019. Will we realize blockchain’s promise of decentralization? Harvard Business Review. Google ScholarLiu, M., Wu, K., & Xu, J. J. 2019. How will blockchain technology impact auditing and accounting: Permissionless versus permissioned blockchain. Current Issues in Auditing, 13(2): A19–A29. Google ScholarLumineau, F., Wang, W., & Schilke, O. 2020. Blockchain governance—a new way of organizing collaborations? Organization Science, in press. Google ScholarRossi, M., Mueller-Bloch, C., Thatcher, J. B., & Beck, R. 2019. Blockchain research in information systems: Current trends and an inclusive future research agenda. Journal of the Association for Information Systems, 20(9): 1390–1405. Google ScholarZachariadis, M., Hileman, G., & Scott, S. V. 2019. Governance and control in distributed ledgers: Understanding the challenges facing blockchain technology in financial services. Information and Organization, 29(2): 105–117. Google ScholarFiguresReferencesRelatedDetails Vol. 6, No. 4 Permissions Metrics in the past 12 months History Received 28 August 2020 Accepted 13 September 2020 Published online 31 December 2020 Published in print 1 December 2020 Information© Academy of Management DiscoveriesDownload PDF