Please use this identifier to cite or link to this item: https://doi.org/10.25818/vzx5-jedp
Title: Decentralised Governance Through Blockchain
Authors: WOO JUN JIE 
R AVINASH 
Issue Date: Mar-2024
Citation: WOO JUN JIE, R AVINASH (2024-03). Decentralised Governance Through Blockchain : 1-31. ScholarBank@NUS Repository. https://doi.org/10.25818/vzx5-jedp
Series/Report no.: IPS Working Papers No. 54;
Abstract: This paper explores the application of blockchain technology to decentralised governance. More specifically, it examines the potential of blockchain in creating self-governing ecosystems that help manage shared resources effectively. The paper uses the late Nobel laureate Elinor Ostrom’s model of decentralised governance to prove that effective resource management can be undertaken through a system that facilitates and rewards cooperation, as well as punishes parties that violate key principles and laws. This can be achieved without the overriding authority of the state imposing its will on the participants of that said ecosystem. Blockchain is presented as a transformative mediating platform that enables players within a given system to function without the fear of being undercut or cheated. Blockchain has the potential to revolutionise the way nations, societies, and industries engage with each other. As the 21st century progresses, adopting blockchain will go a long way in aiding Singapore’s digital transformation and supplementing its goal of becoming the digital hub of Southeast Asia.
URI: https://scholarbank.nus.edu.sg/handle/10635/248477
DOI: 10.25818/vzx5-jedp
Appears in Collections:Staff Publications
Elements

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
ips-working-paper-no-54.pdf539.62 kBAdobe PDF

OPEN

NoneView/Download

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.