On the Concept of Digital Institutions: How Blockchain Technology Can Upgrade Institutions
How to Cite
Nosikov A.A. On the Concept of Digital Institutions: How Blockchain Technology Can Upgrade Institutions. Vlast’ (The Authority). 2020. Vol. 28. No. 3. P. 47-52. DOI: https://doi.org/10.31171/vlast.v28i3.7294 (in Russ.).
Abstract
This article is devoted to the possibility of applying a technological approach to the modernization of political and state institutions, in particular the use of blockchain technology as a technological platform for the modernization of political and state institutions. Based on the technological features of the blockchain technology, the author models projects of five stages of the modernization of institutions. All these stages consider blockchain technologies as the technological basis for the functioning of political and state institutions. The author highlights features and hypothetical positive effects of the implementation of each of the modeled stages. Moreover, the models of stages 1-4 are applied solutions, while stage 5 is a theoretical attempt to simulate probabilistic scenarios of the transformation of institutions and the state as a result of the implementation of the previous stages, which leads to the emergence of the concept of digital institutions. The article provides a definition of digital institutions and some features of this concept.
Keywords:
blockchain, smart contract, political institutions, government institutions, modernization, digital institutions
References
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Crosby M., Nachiapan, Pattanayak P., Verma S., Kalyanaraman V. 2016. Blockchain Technology: Beyond Bitcoin. – Applied Innovation. No. 2. P. 6-19.
Iansiti M., Lakhani K.R. 2017. The Truth about Blockchain. – Harvard Business Review. Vol. 1. No. 95. P. 118-127.
Luu L., Chu D.H., Olickel, H., Saxena P., Hobor A. 2016. Making Smart Contracts Smarter. – Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security. P. 254-269.
McKie S. 2018. The Crypto Governance Manifesto. – Medium. Доступ: https://medium.com/amentum/the-crypto-governance-manifesto-7c40df928b04/ (проверено 25.05.2020).
Zheng Z., Xie S., Dai H.N., Chen X., Wang H. 2018. Blockchain Challenges and Opportunities: A survey. – International Journal of Web and Grid Services. Vol. 4. No. 14. P. 352-375.
Zurrer R. 2019. The Crypto-Governance Age Is Here. – Breaker mag. URL: https://breakermag.com/the-age-of-crypto-governance-is-upon-us/ (accessed 25.05.2020).
Article
Received: 22.06.2020
Citation Formats
Other cite formats:
APA
Nosikov, A. A. (2020). On the Concept of Digital Institutions: How Blockchain Technology Can Upgrade Institutions. Vlast’ (The Authority), 28(3), 47-52. https://doi.org/10.31171/vlast.v28i3.7294
Issue
Section
GLOBALISATION AND DIGITAL SOCIETY
Following the submission of the manuscript to the Publisher, the author binds oneself not to publish it somewhere else without permission of the Publisher.