Blockchain for Business

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Developing a Governance Structure for Blockchain Networks

A well-structured governance is the most crucial element of a successful business that drives excellence in performance and culture.

—Jai Singh Arun

Governance is concerned with rules of engagement for greater good and fairness in any system. Governance is also about rules and decision making in any system. Perhaps not surprisingly, if there are rules, there are also exceptions to those rules. Thus, governance is about coordinated decision making, and it manifests itself in different ways. For example, consensus enforces governance (equitable participation) by introducing economic incentives in trust systems, and in some cases the combination of a reputation system with consensus ensures ...