MAY 20188f there's one take back from spending the past three years developing Blockchain MVPs, across industries ranging from BFSI to Avia-tion, it is that governance in Blockchain cannot be ignored. Why Blockchain in the First Place?We live in an increasingly digital world, built around networks that are primarily centralized (Face-book, Google, Visa). In the current model, vision, profit and power of a network are controlled by one company.Blockchain Technology has, for the first time in hu-man history, made decentralization socially scalable. Starting with Ethereum, blockchain platforms allow creation of community networks by writing business logic in smart contracts and completely changing the roles for intermediaries.This differs from current networks where business logic is driven by human intellect, and if something goes wrong, we step back to resolve it with a constant hu-manized feedback loop. Now two transacting entities no longer need to trust an intermediary, but just the smart contract that binds them together.Who Calls the Shots in a `Decentralized' Network?The founders? The advisers? Early contributors? User community? Or all?Blockchain networks are supposed to be self-sus-taining. And a self-sustaining system is the one that continues to function normally even in the indefinite absence of its founders. Let's assume - a team decides By Ish Goel, CEO, SomishEstablished since 2006, SOMISH is a technology and product development company with expertise in building automation systems using cutting edge technologies.IN MY OPINIONGOVERNANCE AND BLOCKCHAIN CAN GO HAND-IN-HANDI
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