In a recent article on Covert Operations, author identifies three main objectives of the Blockchain Project. He contends that the use of Blockchains for governance is inevitable and will be highly beneficial as more governments, companies, nonprofits and individuals come online.
But how does he identify such organizations? And if governments, for example, will embrace Blockchains as a method of governance, what will be the challenges for the private sector?
It is my contention that the future of governance systems will be delivered by the combination of three emerging technologies. But first I must emphasize that there are several different ways to deploy a system of governance as a service. But I will focus on two areas.
Specifically, we will consider two technologies that are already mature and in development right now, and two technologies that have been available for some time but are just starting to develop momentum.
The first area in which there is an urgent need for improvement in governance systems is the decentralized web. In this regard, there are at least two choices. We can go forward in the direction of widespread deployment of decentralized application architectures with public ledgers and open source software as the underlying infrastructure.
Or we could take a step backwards and focus on enabling more localized and smaller local applications through decentralized channels like IPFS and other protocols that reduce the costs of distribution and make control more affordable.
The second area where we see plenty of opportunity is in public virtual environments. The reason why this is so important is because it allows for the development of highly customized value systems within public networks. Imagine having the ability to activate a standard web server, configure a standard operating system and host applications in a way that is only constrained by the physical specifications of the place in which you actually put the system.
This would be extremely valuable to businesses operating in different geographic locations. If we were to start deploying Blockchains in these environments, then this brings with it several benefits.
First, we would create a space in which developers can contribute their ideas in a more timely manner. When you have a decentralized innovation platform then you are able to get things moving much faster on new technology. Also, due to the nature of public infrastructure, you are in a position to ensure the safety of any innovations that get deployed.
A major benefit of putting Blockchains into production is that it allows for innovation to occur in an open and democratic manner. It also gives us a chance to study how these new systems work and how we can improve them over time.
The last major area in which we must improve in the governance of these projects is to make sure that everyone has a stake in the future of the system. Otherwise, we are simply spinning our wheels without any results. One way that you can do this is to invite participation from participants in order to develop meaningful governance discussions. Visit this site for more on this discussions
Involving everyone in the development process would help ensure that everyone has a vested interest in the system, ensuring that innovation will happen, and at a rapid pace. Read more now about blockchain on this page: https://www.encyclopedia.com/articles/writing-a-research-methodology/
