Distributed Governance in Multi-Sided Platforms

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openAccess
Journal Title
Journal ISSN
Volume Title
A3 Kirjan tai muun kokoomateoksen osa
Date
2018-07-24
Major/Subject
Mcode
Degree programme
Language
en
Pages
183-205
Series
Collaborative Value Co-creation in the Platform Economy, Volume 11, Translational Systems Sciences, issue 11
Abstract
Over the last decade, blockchain technology has facilitated a method by which a network of equipotent and equally privileged peers can jointly maintain and edit databases in an entirely decentralized manner, without any kind of an intermediary exhibiting unilateral control. As a consequence it has enabled the creation of a new type of multi-sided platform architecture with distributed governance. As the different platform provision functions are opened to free market competition rather than monopolized by a single entity, the monopoly-like pricing structure typical of platforms is overhauled. Instead, blockchain-enabled distributed platforms appear to share value more evenly between the all the different market sides connected to the platform. Our analysis reveals that blockchain technology adds new considerations to how multi-sided platform architectures should be perceived and analyzed.
Description
Keywords
Platforms, multi-sided markets, governance, Blockchain, Bitcoin, cryptocurrency
Other note
Citation
Mattila, J & Seppälä, T 2018, Distributed Governance in Multi-Sided Platforms . in A Smedlund, A Lindblom & L Mitronen (eds), Collaborative Value Co-creation in the Platform Economy . vol. 11, Translational Systems Sciences, no. 11, Springer, pp. 183-205 . https://doi.org/10.1007/978-981-10-8956-5_10