The Boon and Bane of Blockchain: Getting the Governance Right

Curtis Goldsby, Marvin Hanisch*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

24 Citations (Scopus)
63 Downloads (Pure)


Countless enterprise blockchains fail to live up to high expectations, often because the supporting governance structures are insufficiently established or have become stagnant. Based on interviews with 153 blockchain executives and an analysis of publicly documented use cases, this article offers a guide for blockchain scholars and practitioners. Its framework highlights the coordination and control challenges that exist in blockchain governance contexts and presents four generic governance modes to address them: chief, clan, custodian, and consortium. Managers can use these governance modes as a basis for four strategic moves (connecting, isolating, loosening, and tightening) to navigate blockchain governance challenges.
Original languageEnglish
Pages (from-to)141-168
Number of pages28
JournalCalifornia Management Review
Issue number3
Early online date11 Mar 2022
Publication statusPublished - May 2022

Bibliographical note

Publisher Copyright:
© The Regents of the University of California 2022.


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