Dr Maxat Kassen

If the potential of blockchain-driven management is fully realised, what areas in the public, economic, social, political, technological, and business sectors would benefit most?

The rising popularity of crypto-currencies globally has dramatically increased attention to blockchain technology’s capabilities in advancing peer-to-peer transactions and interactions. Namely, blockchain can promote more agile, cost-effective, and intrinsically data-driven project management practices and decision-making in e-governance. These capabilities are translatable not only to the financial and technological sectors but can also promote more efficient public and corporate sector systems. However, there remains a lack of understanding among practitioners regarding how exactly this digital technology could be fully realised removed from the context of crypto-finances. Furthermore, questions remain in terms of what public and corporate values related to government, business actors and decision-makers could harness in various sectors of the economy as part of the implementation process (e.g. public, corporate, social, political, technological or regulatory ones).  An article I recently published in Policy & Internet, titled “Prospects of Blockchain Governance”, addresses recent developments of blockchain-driven governance in various sectors of the economy. It answers the following questions:  How exactly does blockchain technology work?  How could one illustrate schematically the fundamental principles of its work in a practical way that is easily comprehensible for practitioners and project managers in both corporate and public sectors of the economy? What are the critical features of blockchain-driven project management? Why are they essential for public and corporate decision-makers?  What benefits could the blockchain concept bring to different sectors of the economy?  If the potential of blockchain-driven management is fully realised, what areas in the public, economic, social, political, technological, and business sectors would benefit most? Relying on the analysis of rich empirical data provided by experts in the industry across the globe (i.e. those directly engaged in promoting various related decentralised project management tools for a wide range of public and corporate digital ecosystems), the paper provides insider perspectives on the latest blockchain-driven public and project management advancements. Furthermore, it describes the essence of decentralised data governance, how it is intended to be realised by…