An Evaluation of DL T Governance Models

Distributed Ledger Technology (DL T) is a decentralised database architecture that allows multiple participants to have simultaneous access to a constantly updated digital ledger or record of information. This study presents a systematic literature review using the PRISMA framework to look at the DL T governance models. Six DL T governance models were identified: network, decentralized autonomous organisations, organisational, corporate, managerial, and operational. These models were then assessed based on how each is influenced by the four DL T governance dimensions, economical, political, technological, and social. Seven components of DL T governance were also considered during the evaluation such as stakeholders, participation, accountability, transparency, flexibility, enforcement, and decision-making. The results show that each governance model has a different level of influence from each dimension and a different level of consideration from key DL T governance components. The selection of which model to use depends on the requirements of each organisation and the users of the DL T system. Promoted results can assist organisations and researchers in selecting the best model that fits their requirements and prioritisation of dimensions and each component.