DTS - Week 4 (Matching)

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Questions and Answers

Match the blockchain governance mode with its primary characteristic:

Custodian = Centralized control with fast decision-making Consortium = Collaborative control and consensus-based decisions Connecting = Extending the network to include external organizations Isolating = Reducing dependencies on external organizations

Match the strategic move with its main benefit:

Loosening = Ensuring critical organizations have a voice in decisions Tightening = Concentrating control within a few organizations Isolating = Focusing on internal operational needs Connecting = Facilitating quick integration through open standards

Match the blockchain governance mode with its potential drawback:

Custodian = Estrangement from critical network organizations Consortium = Bureaucratic challenges and complexity Isolating = Market fragmentation and proprietary standards Loosening = Potential lack of clear strategy

Match the governance mode with its operational focus:

Custodian = Hierarchical control Consortium = Shared control among multiple stakeholders Isolating = Internal coordination and design Tightening = Dominance of few network actors Signup and view all the answers

Match the strategic move with its desired outcome:

Connecting = Network effects and external collaboration Loosening = Open mutual decisions and participation Isolating = Testing adoption before external involvement Tightening = Greater efficiency in decision-making Signup and view all the answers

Match the governance modes with their descriptions:

Chief = Centralized control with top-heavy decision-making Clan = Community-focused decision-making and collaboration Custodian = Management of shared resources with a protective approach Consortium = Collaborative governance among multiple stakeholders Signup and view all the answers

Match the strategic moves with their effects on governance:

Connecting = Enhances collaboration and network integration Isolating = Reduces friction but may hinder growth Loosening = Increases participant autonomy and flexibility Tightening = Speeds up implementation through centralized decisions Signup and view all the answers

Match the trust types with their definitions:

Actor-based trust = Dependent on human relationships and reputations Algorithmic trust = Based on a mix of human and algorithmic criteria Bureaucratic incentives = Structured through organizational hierarchies Programmatic incentives = Defined by structured programs across parties Signup and view all the answers

Match the coordination types with their characteristics:

Bilateral coordination = Involves two parties interacting directly Multilateral coordination = Involves multiple parties collaborating together Centralized coordination = Decision-making is concentrated at a single point Distributed coordination = Authority is spread across various levels or nodes Signup and view all the answers

Match the elements of blockchain governance with their implications:

Network interdependencies = Crucial for analyzing participant relationships Governance adjustments = Necessary for reflecting changes in network dynamics Early conflict identification = Enhances value and efficiency within networks Agile governance mode adoption = Supports rapid adaptation to evolving conditions Signup and view all the answers

Study Notes

Digital Governance

Blockchains are decentralized databases with transparency, where new data is appended only if validated by participants.
Data can't be deleted once recorded (immutability).
Useful for secure information flows where trust between participants isn't guaranteed.
Blockchain tech is useful for managing large intra- and inter-organizational networks.

Blockchain Trajectory

Analysis: Evaluating the network, the participants' needs and existing tensions. Identifying the best possible governance form.
Adoption: Understanding how blockchain is used and tailoring coordination/control mechanisms to the network structure and participant needs.
Adjustment: Blockchain governance is dynamic and requires continuous monitoring of network dynamics for ongoing adjustments.

Blockchain Network Challenges

Coordination: Managing interdependencies within and between organizations, crucial due to the high degree of interdependence in blockchain networks.
Control: Assigning decision-making authority and dispute resolution within the network. This can be centralized or shared among multiple entities. This affects funding, future direction, and data access rules.

Governance Modes

Chief: Blockchain coordination and control are handled internally by a single entity, typical for large corporations with internal blockchain initiatives. Strong internal coordination but may not always consider subsidiary needs.
Clan: Internal coordination within the organization, but control is shared among participants. Promotes internal cooperation and solutions, but challenging for large-scale networks.
Custodian: Centralized control over the blockchain network in one actor. Efficient for fast decisions, but can distance the network from important parties.
Consortium: Joint coordination and control of blockchain activities among several organizations. Includes broad stakeholder involvement, but may face bureaucratic challenges.

Strategic Moves in Blockchain Governance

Connecting: Extending the blockchain to involve external organizations.
Isolating: Reducing external dependencies and concentrating on internal coordination activities.
Loosening: Releasing control to other organizations in the governance structure. Encourages wider participation for shared decisions.
Tightening: Centralizing control for faster implementation, but could discourage participation from external players impacting network growth.

Digital Governance Framework

Analog: Centralized control, reliant on bilateral coordination, with trust based on relationships.
Augmented: Distributed control with multilateral coordination, with trust incorporating human and algorithmic elements.
Automated: Decentralized control, omnilateral coordination, governed by algorithmic incentives and trust in the system.

Research Agenda on Digital Governance

Governance by Algorithms: Discusses the shift towards digital technologies for automated control and coordination, and considers cognitive, emotional, and organizational impacts on digital governance. Focus is on how to handle the increased use of digital technologies for decision-making and control.
Governance of Algorithms: Investigates the responsibility, accountability, and cybersecurity implications in digital decision-making, including legal considerations and threats like cyberattacks. Focuses on who is responsible for actions within a networked system with automated control.

Big Data and Business Analytics

Big Data: Large, complex data sets from various sources. Characterized by high volume, velocity, and variety.
Big Data Management: Organizing, administering, and governing large volumes of structured and unstructured data for business intelligence. Aims to ensure high data quality and accessibility.

Key Implications of Big Data Management

Privacy: Balancing data quality and user privacy, accounting for regulations and ethical considerations. Data quality sometimes needs data distortion to ensure privacy.
Bias: Data sources are often biased, and representativeness issues in data can lead to inaccurate conclusions. Data collected is often self-selected, which can skew conclusions.

Transaction Cost Theory

Focuses on the cost of managing transactions among parties.
Useful for evaluating efficiency in e-commerce transactions and evaluating "make vs. buy" decisions concerning big data initiatives.

Digital Governance - Additional Points

Digital governance moves authority from exchange participants to the developers of digital tools creating tensions, potentially leading to platform struggles.
A concern for governance is the coordination and control of digital interactions and exchanges in organizations.

Big Data - Additional Points

Big data analysis includes structured, unstructured, and enriched data from internal and external sources.

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Description

Explore the fundamentals of digital governance in the context of blockchain technology. This quiz covers aspects of blockchain's decentralization, governance trajectory, and the challenges faced in coordinating networks. Test your understanding of how these elements come together in the realm of secure information flows.