Governance Working Group
The Working Group supports INATBA in promoting a transparent and inclusive model of governance for blockchain and other distributed ledger technology infrastructures and applications that reflect the shared interests of stakeholders, from industry, start-ups and SMEs, civil society organisations and public authorities
Objectives for 2021
The WG has agreed on three objectives around which it will carry out its annual work:
- Identify and share research related to blockchain governance in close collaboration with the AAB
- Define a taxonomy for governance structures of blockchains and reviewing impact of decentralisation on entity creation
- Identifying, sharing and contributing to best practices and guidance as well as sharing and driving policy focus & evolution in key areas through discussion and bringing together key players
Outputs for 2021
The Working Group engages in a number of activities to achieve the above-mentioned objectives. Among others, the WG works to:
- Publish a paper in collaboration with the Interoperability Working Group and Standards Committee on interoperable DLT-based systems
- Respond to Wharton questionnaire on governance best practices on taxnomy structure
- Review research on blockchain governance for publication of report on key industry topics
- Collaboration with other Working Groups on bilateral calls, papers, events and research
The Working Group is following four main workstreams focused on different aspects of governance.
Workstream 1: Collaboration and assistance to other Working groups
Workstream 2: Governance research in liaison with the AAB
Workstream 3: Analysis of taxonomies
Workstream 4: Governance implications for decentralisation and entity creation
Why is it essential?
The Governance Working group is essential because, in order to foster a healthy development of blockchain/DLT networks and applications, it is important for all stakeholders (including everyone involved in a new network) to understand how such a network is governed and its wider impact. Yet, currently, there is a lack of guidance regarding this topic, which is influenced by multidisciplinary fields including economic, social, legal and technical considerations.