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In this conversation I discuss distributed and decentralized organizations with Jean-Philippe Vergne, who is an associate professor of strategy at University College London. We focus on the development of blockchain technology, which at least in theory should allow for new forms of organization that don't rely on centralized authorities to function. The initial dream was that blockchain technology would drive innovation, provide transparency, limit abuses of power, and provide access to financing for people living in dysfunctional states. Crypto currencies based on the technology might also act as a counterweight to the sovereign monopoly that nation states have on currency creation. As we discuss, however, blockchain networks and applications often maintain elements of centralization and it is often difficult in practice to use the technology to construct organizations that are more distributed than traditional hierarchical organizations.
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In this conversation I discuss distributed and decentralized organizations with Jean-Philippe Vergne, who is an associate professor of strategy at University College London. We focus on the development of blockchain technology, which at least in theory should allow for new forms of organization that don't rely on centralized authorities to function. The initial dream was that blockchain technology would drive innovation, provide transparency, limit abuses of power, and provide access to financing for people living in dysfunctional states. Crypto currencies based on the technology might also act as a counterweight to the sovereign monopoly that nation states have on currency creation. As we discuss, however, blockchain networks and applications often maintain elements of centralization and it is often difficult in practice to use the technology to construct organizations that are more distributed than traditional hierarchical organizations.
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