July 01, 2019
The Zicklin Center for Business Ethics Research at the Wharton School of the University of Pennsylvania is launching a new initiative on the governance of blockchain-related projects, platforms, and consortia. We are hosting an initial meeting at Wharton San Francisco for approximately 25 highly-esteemed experts, representing a wide variety of perspectives and backgrounds.
We understand governance broadly as the means by which communities make and execute decisions, with particular emphasis on mechanisms beyond formal governmental authority. Governance will be a significant determinant of the success of blockchain networks. All human systems of sufficient scale and significance must address un-anticipated challenges and evolving requirements. The promise of distributed ledger technology is that these needs can be handled in new ways, avoiding traditional forms of centralized power. Doing so, however, raises thorny problems, as several high-profile incidents have already illustrated.