Nice summary on decentralized network governance @Deborah_Oni
I think that over time, governance systems have changed as a result of globalization, greater technical specialization, and functional divergence. However, governance must also adjust and develop in order to keep up with technical developments in the digital sphere generally and the expanding use of blockchain technology in particular. As a result of the usage and dependence on digital networks, blockchain technology is gradually altering our society and power structures. Even if the entire extent of technology’s potential as a tool for governance is still up for debate and uncertainty, its consequences are starting to become increasingly obvious…
The way societies are and are capable of being properly controlled has evolved. The challenges of functional diversification, technical specialization, and globalization have caused governance processes and procedures to become more decentralized.
The use of power by a single actor, historically the government, is no longer the primary factor in determining how policies are made. Instead, social relationships and civilizations are increasingly being governed by networks made up of many public and private institutions. It has also been acknowledged that the governing actor field is becoming increasingly fragmented as a result of the digital era.
Due to these developments, I believe therefore it is necessary to reconsider what governance is, as well as the contribution that new technologies like blockchain may make to legal and efficient governing structures now and in future.