Public Sector Accounting and Budgeting

Public Sector Accounting and Budgeting

Theoretical framework of blockchain technology in public sector governance

Document Type : Review Article

Authors
Shoeyb Rostami 1
Mohammad Golpour Sheikhani 2
1 Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
2 M.A. Student of Accounting, Sistan and Baluchistan University, Zahedan, Iran
Abstract
Today, blockchain technology has become very popular in finance and the private sector, and its practical benefits are clear to everyone. But in the public sector, the situation is different. A key challenge behind the adoption of blockchain in the public sector is understanding the dynamics of blockchain governance. In this article, based on systematic literature review, different approaches for blockchain governance are analyzed. In this regard, a comprehensive theoretical framework is created to study blockchain governance decisions in the public sector. This framework categorizes 9 types of governance decisions, including infrastructure architecture, application architecture, interoperability, decision-making mechanism, incentive mechanism, consensus mechanism, organization of governance, accountability of governance, and control of governance in three levels of analysis (micro, meso, and macro). This article, relying on new public management theories and concepts, clarifies the consequences of different governance choices at each level of governance. Also, this article provides an introduction for researchers and those involved in the design of blockchain-based systems in the public sector. 
Keywords
Blockchain
Public sector
Bitcoin and Ethereum
New public management
Electronic government

Subjects

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  • Receive Date 06 January 2022
  • Revise Date 25 February 2022
  • Accept Date 08 April 2022