Purpose

While the three lines model (TLM) provides an organizational structure to execute risk and control duties, research and practice show limitations in the model's implementation. These limitations result in governance issues. Such issues, together with control weaknesses, could be addressed by leveraging properties of distribution, transparency, and immutability of blockchain technology. To this end, in this paper the authors propose a conceptual control framework based on blockchain technology to augment control practice.

Design/methodology/approach

The design of the resulting blockchain-based control framework (BBCF) and its prototype, based on the design science research methodology (DSRM), is presented and discussed in terms of the potential impact in the context of the identified problems within the TLM.

Findings

One potential outcome of BBCF could be to redefine the scope and boundaries of some of the activities in audit and control practices from a more static to a more dynamic and prospective role. In a larger context of improving governance practices, the BBCF could set the path for a more inclusive and participatory interaction between the different governance actors of an organization.

Research limitations/implications

However, this assumes that blockchain is more widely adopted despite its complexity and rigidity.

Practical implications

BBCF covering both a conceptual model design and a reference implementation provides an innovation in audit and control. BBCF could include all relevant stakeholders who have an interest in corporate governance and control activities, including the regulators.

Originality/value

The contribution intends to serve both as a starting point for discussing the evolution of audit and control practice based on blockchain technology, as well as an initial actionable prototype for experimentation and further development.

中文翻译：

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三线模型范式转变：基于区块链的控制框架

目的

虽然三线模型 (TLM) 提供了执行风险和控制职责的组织结构，但研究和实践表明该模型的实施存在局限性。这些限制导致治理问题。这些问题以及控制弱点可以通过利用区块链技术的分布式、透明性和不变性的特性来解决。为此，作者在本文中提出了一种基于区块链技术的概念控制框架，以增强控制实践。

设计/方法论/途径

基于设计科学研究方法 (DSRM) 的最终基于区块链的控制框架 (BBCF) 及其原型的设计，根据 TLM 中已识别问题的潜在影响进行了介绍和讨论。

发现

BBCF 的一个潜在成果可能是重新定义审计和控制实践中某些活动的范围和边界，从更静态的角色转变为更具动态和前瞻性的角色。在改善治理实践的更大背景下，BBCF 可以为组织的不同治理参与者之间更具包容性和参与性的互动奠定基础。

研究局限性/影响

然而，这是假设区块链尽管其复杂性和刚性而被更广泛地采用。

实际影响

BBCF 涵盖概念模型设计和参考实现，提供了审计和控制方面的创新。BBCF 可以包括对公司治理和控制活动感兴趣的所有相关利益相关者，包括监管机构。

原创性/价值

该贡献旨在作为讨论基于区块链技术的审计和控制实践演变的起点，以及用于实验和进一步开发的初始可行原型。