From bitcoin to decentralized autonomous corporations: Extending the application scope of decentralized peer-to-peer networks and blockchains

Kalliopi N. Kypriotaki, Efpraxia D. Zamani, George M. Giaglis

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    Abstract

    Inspired by the new technological advancements and the groundbreaking technology at the foundation of cryptocurrencies, organizational structures are expected to evolve and new corporate structures to emerge, based on full decentralization. We posit that the blockchain, i.e., the technology, system and protocol behind and beyond the most popular digital crypto-currencies, will introduce decentralization in many manifestations of our everyday life, especially in cases where an independent trusted third party is needed to ensure and verify operations and transactions. This paper builds upon the blockchain technology and discusses how it could enable fully decentralized forms of business structures to emerge; decentralized autonomous corporations (DACs) are business entities totally based on code; running on the cloud, providing certain services and creating value for their customers. Thus, we argue that DACs could prove a means of decentralizing and automating decision making in organizations.

    Original languageEnglish
    Title of host publicationICEIS 2015 - 17th International Conference on Enterprise Information Systems, Proceedings
    PublisherSciTePress
    Pages284-290
    Number of pages7
    Volume3
    ISBN (Electronic)9789897580987
    Publication statusPublished - 2015
    Event17th International Conference on Enterprise Information Systems, ICEIS 2015 - Barcelona, Spain
    Duration: 27 Apr 201530 Apr 2015

    Other

    Other17th International Conference on Enterprise Information Systems, ICEIS 2015
    Country/TerritorySpain
    CityBarcelona
    Period27/04/1530/04/15

    Keywords

    • Business structure
    • Decentralization
    • Decentralized autonomous corporations
    • Enterprise architecture
    • Innovation

    Fingerprint

    Dive into the research topics of 'From bitcoin to decentralized autonomous corporations: Extending the application scope of decentralized peer-to-peer networks and blockchains'. Together they form a unique fingerprint.

    Cite this