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 2020
The WG has agreed on three objectives around which it will carry out its annual work:
- Identify and establish best practices, guidance and toolkits.
- Define a taxonomy for governance structures of blockchains
- Educate, disseminate and share blockchain governance research and thought pieces.
Outputs for 2020
The Working Group engages in a number of activities to achieve the above-mentioned objectives. Among others, the WG works to:
- Establish a list of core elements that a Code of Conduct should include;
- Produce a list of tools that can be adopted when establishing governance structures of blockchains;
- Finalise a questionnaire for taxonomy structure;
- Organise discussions with INATBA’s GAB or AAB to collect their input on pain points and needs regarding blockchain governance.
The Working Group is divided in five subgroups that focus on different aspects of governance:
- sub-group 1: A Code of conduct for blockchain ecosystems.
- sub-group 2: Best Practices, Guidance & Toolkit.
- sub-group 3: Taxonomy. Co-Chair Felix Exner
- sub-group 4: Governance Research (in liaison with the INATBA AAB). Co-Chair Marianna Belotti
- sub-group 5: Governance Standards for global codes and best practices
(in liaison with the INATBA Standards Committee). Co-chair: Monique Bachner
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.