A Distributed Future: Where Blockchain Technology Meets Organisation Design and Decision-making
Blockchain experience knowledge and eternally maintains data that may not be modified. It moreover contains ‘wise contracts’ and consensus mechanisms that govern processes of automation, along with the occasion, evaluation and execution of decisions. Blockchain experience has the potential to transform organisation design ensuing from its decentralised and distributed traits. To understand how blockchain will change organisation design and decision-making, let’s first dive into the historic previous of organisation design sooner than investigating the have an effect on of this primary experience on organising train.
History of Organisation Design
The concept and apply of organisation design have developed significantly over the earlier 100 years. At the beginning of the twentieth century, organisations have been principally seen as closed bureaucracies. Involving a strict hierarchy of authority and power, these organisations have been rational entities and assessed purely on monetary effectivity requirements. It was often known as the ‘bureaucratic model’, as a result of it captured standardised, authoritative, decision-making procedures, rational self-discipline and strict separation of planning and execution1. This meant that solely managers had entry to data and have been solely liable for strategic decision-making therein. Trust was based totally on controlling conformity with the organisational pointers and experience, which was predominantly manufacturing experience, with very predictable outcomes on how organisations have been designed to hold out.2-4
Natural Systems Perspective
In …