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A Study on the Development of Consortium Blockchain Governance Framework

컨소시엄 블록체인 거버넌스 프레임워크 개발에 관한 연구

  • Park, Jin-Sang (Dept. of Convergence Security, Chung-Ang University) ;
  • Kim, Jung-Duk (Dept. of Industrial Security, Chung-Ang University)
  • 박진상 (중앙대학교 융합보안학과) ;
  • 김정덕 (중앙대학교 산업보안학과)
  • Received : 2019.06.20
  • Accepted : 2019.08.20
  • Published : 2019.08.28

Abstract

Due to the limitations of public and private blockchain, several organizations are implementing consortium blockchain systems. In order for an organization to conduct business using blockchain, it must consider 'blockchain governance' factors, such as decision rights, accountability and incentives over on-chain and off-chain, depending on the organization's strategy and objectives. If an organization conducts business without blockchain governance, it cannot achieve its strategy and objectives systematically, effectively and efficiently, and cannot comply with internal external requirements such as the expectations of stakeholders and laws. However, as businesses using consortium blockchain expand, there is no research on consortium blockchain governance. Thus, in this study, the consortium blockchain governance framework, including functions, roles and responsibilities, was developed to help organizations effectively and efficiently conduct business using consortium blockchain. In addition, to review the feasibility of the developed consortium blockchain governance framework, the framework was reviewed through an advisory committee consisting of experts on blockchain and governance over two occasions. As a result of the review, components of the consortium blockchain governance framework, including functions, roles and responsibilities, were considered complete and relevant.

Keywords

Consortium;Blockchain;Governance framework;Decision rights;Accountability

Acknowledgement

Supported by : Chung-Ang University

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