The discipline of IT governance focuses on IT infrastructure, performance, cost structure, and risk. This creates some challenges in a decentralized blockchain network, since the governance framework should establish accountability to encourage desirable behavior and optimal functioning of the network's IT infrastructure. The technical design and infrastructure choices of the blockchain network ought to be able to adapt to the needs of its participants. Because blockchain networks thrive on at least some level of decentralization, IT governance should include distributed flexibility and distributed control.
IT governance should provide at least the following:
- A distributed IT management structure
- A model ...