Using blockchain for global governance: past, present and future
South Asian Journal of Business Studies
ISSN: 2398-628X
Article publication date: 23 August 2022
Issue publication date: 30 August 2023
Abstract
Purpose
This paper examines the current state of blockchain governance research. The study’s findings also propose a conceptual framework for the use of blockchain in governance and global governance and provide a global look at how public and private sectors alike are implementing new technologies.
Design/methodology/approach
The study is qualitative as well as quantitative in nature. The authors used Preferred Reporting Items for Systematic and Meta-Analysis (PRISMA) to gather data for the study. Furthermore, a bibliometric analysis using VOSviewer visualization tool and R Studio was carried out to attain the research objectives.
Findings
Many scholars and practitioners from around the world are interested in the topic, according to the analysis. This is a multidisciplinary study, so researchers have looked at how the blockchain can be used to govern countries, public utilities and global facilities, including corporations. There are numerous examples of how technology has been used in global governance, and the authors found that governments, as well as corporations around the world, have implemented technology in a variety of areas that affect the public and other stakeholders.
Practical implications
This study makes numerous contributions. In the first place, it presents the complex concept of blockchain in an easier to understand way. The numerous governmental and commercial initiatives that have made use of blockchain are also highlighted. As a result, the use of technology in corporate and social governance will continue to grow. Finally, the research will inform the academic community on the current state of the topic and potential future directions.
Originality/value
As a result of this research, academics and scholars can better understand the potential of blockchain in various governance models, ranging from developed to developing economies. The general public, as well as organizations, will benefit from the decentralized nature of the blockchain in a variety of ways related to their day-to-day governance. To the best of authors’ knowledge, this is a first kind of research on blockchain in governance using PRISMA and bibliometrics tools.
Keywords
Acknowledgements
This paper forms part of a special section “Role of technology in E-commerce: Bright and the Dark Side”, guest edited by Abhishek Behl and Justin Zuopeng Zhang.
Citation
Tiwari, C.K. and Pal, A. (2023), "Using blockchain for global governance: past, present and future", South Asian Journal of Business Studies, Vol. 12 No. 3, pp. 321-344. https://doi.org/10.1108/SAJBS-07-2022-0252
Publisher
:Emerald Publishing Limited
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