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. These stakeholders include voices from industry players, 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 Working Group is currently aiming 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 taxonomy 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, there is currently a lack of guidance regarding this topic, which is influenced by multidisciplinary fields including economic, social, legal and technical considerations.