Business network goals and governance

The previous section outlined how to define and choose a structure of the blockchain. The next step in the design strategy should focus on establishing business network goals and governance. Defining business network goals and governance will also need analysis results, which are collected when you're defining the blockchain network. This section goes in parallel with the previous section, as the decision that was made in the previous section is cemented here.

There are various questions that need to be analyzed before a blockchain structure is chosen. Following are some of the questions that will have strong impact on choosing a specific blockchain structure:

  • How can you ensure that the consortium doesn't lead to a concentration of power?
  • Who controls the consortium?
  • Do primary consortium members benefit more than later joiners?
  • Who benefits from the already existing infrastructure? Does this create confusion and infrastructure dependency or locking for the new joiners or late joiners?
  • Who decides on new member inclusion or member exclusion?
  • Who decides the inclusion/exclusion of non-core members of the consortium?
  • How will the operational decisions be executed?
  • How will the consortium be financed?
  • How are disputes realized?

Governance a wider topic and out of the scope of this book. For now, you should understand that it is an important step in defining the business network and scalability of the business network from the maintenance and operational perspectives.

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