Making Sense of Blockchain Governance Applications
Governance has long been one of the most-hyped applications for blockchain technology. However, there's often little clarity about what "governance" means in this context. The term is used to encompass applications ranging from secure online voting, to new forms of political governance, to flawed experiments in decentralized investment funds. First, we need to be clear about what we mean by "governance". Most often the term brings to mind political governance. The institutions that, according to a system of rules and laws, make up our various levels of government.....
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Governance tokens allow users the opportunity to take on a more active role in managing decentralized projects. Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run.Governance tokenholders are usually more invested in the project’s success as they stand to gain or lose more, depending on the outcome. Community members can use tokens to influence the direction and features of a blockchain protocol....
The U.S. election approaches, and it’s more apparent than ever that representative governance is a joke. As millions of Americans fight between each other over two sociopaths, society in general looks quite dismal. Be optimistic, though — many movements below the surface are giving a general sense of hope within the confines of this insanity. Who’s....
As the developers of MultiChain, a popular general-purpose blockchain platform, we've gained a fairly broad view of the types of applications that people are building on this new class of database. And we also have a sense of whether those applications are a good fit for blockchains as an architecture, and if so, how soon they are likely to move from proof-of-concept to pilot and production. For a startup with limited resources, these distinctions are crucial – they ensure that MultiChain's product roadmap is driven by genuine rather than artificial needs. One glaring example is....
Simon Dixon, CEO of the online investment platform BnktotheFuture.com outlined his vision for blockchain startups recently at The Internet of Value: Blockchain and Financial Services Innovation conference in London. Making the conference keynote, Dixon laid out the history of bitcoin and blockchain companies, especially those working in the financial services sector, and what he considers lies ahead for the rapidly evolving industry. Dixon’s take as a venture capitalist comes at a crucial time in the industry, which is grappling with making sense of the growing ecosystem of bitcoin,....
Executives representing the top-level leadership at a range of blockchain companies and projects have signed a letter calling for a new focus on perceived issues with blockchain governance. Calling themselves the 'Muskoka Group', the 14 executives include leaders building a diverse set of open-source distributed ledgers, as well as the heads of notable for-profit startups. The letter, published today, follows a two-day governance workshop held by authors Don and Alex Tapscott in Muskoka, Canada, one that the organizers said he found participants focusing on the "big picture"....