Governance – A Necessary Evil of Regulated Industries

For those of you who have experienced projects without transparent decision-making, you'll have probably felt disengaged. Politics gets in the way, and the objectives of the project end up getting challenged, budgets get cut, and the long-term vision is either missing or confusing. As decisions get revisited and directions change, you are left wondering when it will all come to an end. While this is something that can happen in a traditional IT project, a blockchain project has the characteristic of having a great deal more stakeholders. A typical business network is composed of organizations that are sometimes competing and sometimes cooperating. In this context, it is not hard to see that there are high risks of finding conflicting perspectives, points of view, and interests.

Whether you are a developer or a Chief Information Officer (CIO), understanding how a governance model can help alleviate some of the issues...