Location
Online
Event Website
https://hicss.hawaii.edu/
Start Date
3-1-2023 12:00 AM
End Date
7-1-2023 12:00 AM
Description
In this research, we examine the interplay between ‘actors’ and ‘agents’ in Distributed Ledger Technology (DLT) systems. We identify regulatory interactions between off-chain agents setting the rules, as well as on-chain code as actors regulating the behavior of DLT users. We theorize about the relationship between agents and actors that mutually regulate each other in certain ways through the DLT system and identify the significant dimensions related to the trifecta in which the soft system agent sphere regulation of DLT is likely to interact with the hard system actor sphere regulation by DLT. By proposing the trifecta between DLT design, DLT protocol, and DLT use, we explain the relationship between these three and the role of DLT protocol as a mediator between DLT design and DLT use. Our research sheds light on the dynamics within DLT systems and the regulating forces at play from a systems’ thinking perspective.e.
Recommended Citation
Beck, Roman and Jain, Geetika, "DLT-based Regulatory Systems Dynamics" (2023). Hawaii International Conference on System Sciences 2023 (HICSS-56). 2.
https://aisel.aisnet.org/hicss-56/in/blockchain/2
DLT-based Regulatory Systems Dynamics
Online
In this research, we examine the interplay between ‘actors’ and ‘agents’ in Distributed Ledger Technology (DLT) systems. We identify regulatory interactions between off-chain agents setting the rules, as well as on-chain code as actors regulating the behavior of DLT users. We theorize about the relationship between agents and actors that mutually regulate each other in certain ways through the DLT system and identify the significant dimensions related to the trifecta in which the soft system agent sphere regulation of DLT is likely to interact with the hard system actor sphere regulation by DLT. By proposing the trifecta between DLT design, DLT protocol, and DLT use, we explain the relationship between these three and the role of DLT protocol as a mediator between DLT design and DLT use. Our research sheds light on the dynamics within DLT systems and the regulating forces at play from a systems’ thinking perspective.e.
https://aisel.aisnet.org/hicss-56/in/blockchain/2