2023 Volume 8 Issue 1 Supplementary
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Studying Existing Applications and Challenges in the Field of Blockchain Technology and Governance


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Abstract

A new approach to managing nations is necessary in light of the information age's rise, growing bureaucratic and political obstacles, and concerns over data privacy. Blockchain is only one of these advances. The blockchain alters how people see government and statehood. A field review research is carried out by assessing the impact of this technology on the quality of governance, utilizing a content analysis approach, and employing MAXQDA10 software in order to look at the applications and problems in the area of blockchain technology and governance. The difficulties and, ultimately, the future of governance, government, and its stakeholders are also made clear along the way. The categorization of attitudes is the outcome of reviewing (31) chosen articles. The chosen publications characterized blockchain-based governance as distributed, decentralized, network-based, and occasionally combined with traditional democratic governance. It is impossible to fully and correctly identify and characterize the traits, components, or even the direction toward good governance since this governance is currently in flux and lacks a foundation for its guiding principles. Therefore, it takes more time and in-depth investigation to clearly demonstrate the benefits and drawbacks. There is no definite and well-supported answer to define future governance taking the abolition of the current governance into account, even though many upcoming challenges, dangers, and requirements proposed by researchers, some of which were discovered and introduced, make the path and channels more specific. This is because, as a result of the change in governance structure, the needs and potential risks that have already been identified and established are compliant with the government's and governance's present structures. Certain demands, suggestions, hazards, and difficulties for unforeseen future structures with their unique features cannot be properly addressed.


Issue 2 Volume 11 - 2026