Web3 Decentralization: Blockchain Technologies’ Impact on Modern Organizational Governance

This panel symposium aims to explore the opportunities for understanding Web3 decentralization in blockchain-based organizations that arise from management theories' competing arguments. Blockchain technology, based on distributed ledger technology, is a disruptive technology that provides a decentralized database of immutable transactions maintained across peer-to-peer networks. Theoretical lenses like transaction cost economics, agency theory, mechanism design theory, institutional theory, and organization design are frequently used to examine blockchain-based organizational governance. However, these theories present competing arguments and inconsistencies regarding the effectiveness of blockchain-based organizational governance. The symposium will provide a platform for discussing the need for more theoretical clarity and for examining the impact of decentralized blockchain-based governance models on organizational processes and performance. The symposium will bring together established blockchain scholars and members of the technology and innovation management, strategic management, and organization and management theory interest groups to discuss new insights into classic managerial issues.