Changing Governance Models by Applying Blockchain Computing
Steve Young · Scholarship at Catholic Law (Catholic University of America) · 2018
Steven Young +Blockchain computing has many great possibilities.Through blockchain-based smart contracts, the nature of the relationship between government and those they govern/serve may be changed forever. 1 Blockchain technology has the power to change the way organizations form and how they function.2 Indeed, it may change entire systems of governance, transforming them from centralized firms or governments to decentralized organizations with more power distributed to individuals.3 A preeminent expert on decentralized organizations and the creator of the Ethereum network, Vitalik Buterin, described a decentralized organization as "a set of humans interacting with each other according to a protocol specified in code, and enforced by a + Fletcher School of Law and Diplomacy, LL.M in International Law 2016; S.