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Abstract
Blockchains can be used to enable new kinds of organizations, especially Decentralized Autonomous Organizations (DAO). In DAO, governance rules and transaction processing provided by traditional centralized authorities to support intermediation are completely replaced by the automated execution of trusted smart contracts to realize secure and immutable transactions. However, DAO may not be suitable for many business cases. Nevertheless, blockchains provide many unique functions, such as immutability, security, trust, and traceability, so that they can be used to augment existing software solutions. We introduce the concept of Blockchain-Augmented Organizations (BAO), in which traditional, Non-Blockchain Organizations (NBO) are augmented by the blockchain-based organizations. We compare BAO with DAO and NBO, and propose a model-based, process-driven engineering approach for constructing blockchain organizations and applications. Experience gained on a pilot blockchain prototyping experiment on an aerospace Model-Based Systems Engineering project using Hyperledger’s Fabric is used to elaborate and exemplify the paper.
Recommended Citation
Yue, Kwok-Bun, "Blockchain-Augmented Organizations" (2020). AMCIS 2020 Proceedings. 5.
https://aisel.aisnet.org/amcis2020/org_transformation_is/org_transformation_is/5
Blockchain-Augmented Organizations
Blockchains can be used to enable new kinds of organizations, especially Decentralized Autonomous Organizations (DAO). In DAO, governance rules and transaction processing provided by traditional centralized authorities to support intermediation are completely replaced by the automated execution of trusted smart contracts to realize secure and immutable transactions. However, DAO may not be suitable for many business cases. Nevertheless, blockchains provide many unique functions, such as immutability, security, trust, and traceability, so that they can be used to augment existing software solutions. We introduce the concept of Blockchain-Augmented Organizations (BAO), in which traditional, Non-Blockchain Organizations (NBO) are augmented by the blockchain-based organizations. We compare BAO with DAO and NBO, and propose a model-based, process-driven engineering approach for constructing blockchain organizations and applications. Experience gained on a pilot blockchain prototyping experiment on an aerospace Model-Based Systems Engineering project using Hyperledger’s Fabric is used to elaborate and exemplify the paper.
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