Governance and the IT solution

So far in this chapter, we have been focusing primarily on the human side of governance. We have looked at the impact of the business model on governance, the business processes to consider, and the various potential structures, but what about the technology? What is the impact of the governance model on technology, and how does technology impact governance?

While blockchain projects might be primarily focused around solving business and enterprise issues, the foundation still relies on technology. In this section, we will look at the major phases of the life cycle of the network, from inception all the way to operation, and see how some of those activities can be automated and supported by technology.

We'll focus on the topic of on-boarding. As you now know, the system ledger is used to store the organizations, the policies, and the channels that make up the network. Storing configurations on the ledger means that any modifications need to be signed and approved...