Decentralizing through blockchain
Designing novel mechanisms to make use of the distributed ledger for governance.
What are some key problems that this process can solve?
With blockchain, all transactions and decisions get a tech-enabled, “trust-less” basis (in other words, actors don’t need to trust the words of third parties anymore and they can look most things up “on-chain”). The verifiable nature of all actions on blockchain enables a multitude of design alternatives when it comes to introducing users to governance.
How does this process work?
In well-engineered blockchains, each transaction is saved in a distributed manner. There’s usually enough evidence and less place for trust in the words of some individual or organization. This change in trust-related dynamics brings about many changes to the entire decision-making structure in governance. A big milestone that comes prior to all else is arguably the introduction of an onboarding mechanism into the protocol’s governance.
№ OF PEOPLE |
inform | Consult | Involve | Collaborate | Empower |
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1—100 pPL |
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100—1k pPL |
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1k—10k pPL |
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10k—100k pPL |
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100k—1M pPL |
Decentralizing Stablecoin DAI’s Governance | ||||
1M—10M pPL |
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10M—100M pPL |
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100M—1B pPL |
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1B+ pPL |
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Global |