Journals A-Z
All Subjects
Free Journals
sciepub.com
International Journal of Business and Risk Management
ISSN (Print): ISSN Pending ISSN (Online): ISSN Pending Website: https://www.sciepub.com/journal/ijbrm Editor-in-chief: Abdelkader Derbali
Open Access
Journal Browser
Go
Issue 1, Volume 2
Article Metrics
  • 6526
    Views
  • 6533
    Saves
  • 0
    Citations
  • 2
    Likes
Export Article
International Journal of Business and Risk Management. 2019, 2(1), 16-18
DOI: 10.12691/ijbrm-2-1-3
Open AccessArticle

How Will Blockchain Change Corporate Governance?

Abdelkader Derbali1, 2, Lamia Jamel3, 4, , Yosra Mani2 and Raied Al Harbi1

1Department of Finance, Community College, Taibah University, Medinah, Saudi Arabia

2Department Finance, Higher Institute of Informatics and Management of Kairouan, Kairouan University, Kairouan, Tunisia

3Department of Economic, College of Business Administration, Taibah University, Medinah, Saudi Arabia

4Department of Economic, Faculty of Economic Sciences and Management of Sousse, Sousse University, Sousse, Tunisia

Pub. Date: October 04, 2019
View Full Text Full Text PDF Full Text ePUB

Cite this paper:
Abdelkader Derbali, Lamia Jamel, Yosra Mani and Raied Al Harbi. How Will Blockchain Change Corporate Governance?. International Journal of Business and Risk Management. 2019; 2(1):16-18. doi: 10.12691/ijbrm-2-1-3

Abstract

In this article, we examine the importance of the blockchain on the corporate governance. Then, we find that the blockchain and smart contracts offer a solution to reduce these costs borne by the company. Thanks to blockchain and smart contracts, trust is not based on the organization, but rather on the security and auditability of the code that is verified by all the actors.

Keywords:
blockchain cryptocurrency bitcoin corporate governance

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]  Casino, F., Dasaklis, T. K., & Patsakis, C. (2018). A systematic literature review of blockchain-based applications: current status, classification and open issues. Telematics and Informatics. Vol. 36, No. 3, pp. 55-81.
 
[2]  Crosby, M., Pattanayak, P., Verma, S., and Kalyanaraman, V. (2016). Blockchain technology: Beyond bitcoin, Applied Innovation, Vol. 2, pp. 6-10.
 
[3]  J. Bonneau, A. Miller, J. Clark, A. Narayanan, J. A. Kroll, E. W. Felten, (2015). Sok: Research perspectives and challenges for bitcoin and cryptocurrencies, in: Security and Privacy (SP), 2015 IEEE Symposium on, IEEE, pp. 104-121.
 
[4]  Makhdoom, I., Abolhasan, M., Abbas, H., & Ni, W. (2018). Blockchain’s adoption in IoT: The challenges, and a way forward. Journal of Network and Computer Applications, Vol. 125, No. 1, pp. 251-279.
 
[5]  Minoli, D., & Occhiogrosso, B. (2018). Blockchain mechanisms for IoT security. Internet of Things, Vol. 1-2, pp. 1-13.
 
[6]  Reyna, A., Martín, C., Chen, J., Soler, E., & Díaz, M. (2018). On blockchain and its integration with IoT. Challenges and opportunities. Future Generation Computer Systems, Vol. 88, pp. 173-190.
 
[7]  Jensen, M.C., and Meckling, W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, Vol. 3, No. 4, pp. 305-360.
 
[8]  Williamson, O., 1993, ‘Calculativeness, trust, and economic organization’, Journal of Law and Economics, Vol. 36, No. 2, pp. 453-486.
 
Manuscript template