While this resolution is not obligatory for Member States or European countries, it however represents a significant recognition of DLT in institutional level. Even the European Parliament Resolution (2016/2007 INI) has highlighted the potential of emerging technologies such as DLT to positively contribute to societal and economic development ( 2016). Depending on the context of usage, the governance of DLT have been established as being significant to support data driven services in enterprise (Atzori 2017). DLT deployment in VE has resulted in re-engineering the way business processes, data, and digitalized assets are shared, verified, accessed, and secured. Generally, DLT such as blockchain are adopted in different areas such as banking and fintech, e-government, healthcare, chain supply management, notarial services, education to be integrated with other emerging technologies such as AI, IoT and machine-to-machine (M2M) applications, cloud computing, digital twin, big data, etc. These transactions are validated within the distributed network by employing a consensus mechanism that allows node users to validate transactions which updates the registry within the entire network (Allessie et al. Typically, DLT allows actors (called nodes) within a decentralized system to transact digital assets based on a Peer-to-Peer (P2P) network and storing these data or transactions in a distributed approach across the network. Presently, VE now employs DLT since it provides a decentralized, immutable record of data transactions that uses pre-programmed protocols, algorithms, and state-of-the-art cryptography to automatically execute, monitor, and authenticate transactions without depending on a central third party (Schmeiss et al. VEs have emerged among companies to leverage the capability of their individual competences and resources to attain real business value (Jagdev and Thoben 2001 Anthony Jnr and Abbas Petersen 2021). VE comprises a coalition of organizations aimed at attaining a shared goal in an approach that aligns to a common consensus (Browne and Zhang 1999). Besides AI and big data, so-called DLT such as blockchain can help provide potential solutions to virtual enterprise (VE). There is now much interest among researchers, policymakers, practitioners, and enterprises in the use of emerging technologies such as artificial intelligence (AI), big data, industry 4.0, Internet of Things (IoT), distributed ledger technologies (DLT), digital twins, and so on, to address societal issues and achieve sustainability goals (Schulz et al. The findings also identify limitations associated with governance of DLT solutions and proposes policy recommendations to be used as guidelines for practitioners to improve the adoption of DLT to accelerate VE digitalization. The findings confirm the developed architectural governance-by-design framework and offer a shared discussion and insight surrounding the topic of governance of DLT. Design science is employed, and IOTA tangle an open-source DLT which employs a decentralized asynchronous network is deployed to evaluate the applicability of the developed architectural governance-by-design framework through qualitative interviews and literature inquiry. This article develops an architectural governance-by-design framework that defines the governance of DLT as a combination of architectural layers and governance of DLT dimensions. Accordingly, this study aims to fill this gap and provide implications related to decentralized governance of DLT. Although academic interest in this domain is growing, a practical analysis of DLT from a governance perspective is still lacking to date. In virtual enterprise (VE) context researchers and practitioners have started to investigate the deployment of DLT to automate the processing of data and implementation of decisions to support the provision of digital services. Distributed Ledger technology (DLT) has recently emerged as a disruptive system with a wide range of applicability, with prospect to improve societal interactions at large.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |