This paper examines the human factor in blockchain governance, inspired by the views of blockchain insiders and experts. This paper was motivated by the author’s drive to examine the role humans have in blockchain technology. Through a Delphi study, these experts were asked about the human factor in general and specifically in decision making and the role of the founder. After the interviews were completed, the responses were reviewed, coded, and analyzed, leading to a unique insight that would otherwise have been unavailable. This paper will show that there is a human factor in blockchain governance, which often manifests itself in a significant way, and off-chain. More importantly, the human factor is also necessary for the blockchain and its community to function. The human factor in decisions can also become problematic and needs to find a balance between presenting the right issues and having a fair representation. However, there is no standardized and uniform process for that. Becoming dependent on a specific group or person, such as a founder, can easily become problematic, trigger centralization, and should be avoided. However, respondents feel that if the blockchain is truly decentralized, then the human factor does not pose any problems.

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The Human Factor in Blockchain Governance

  • Hans A. Koning

摘要

This paper examines the human factor in blockchain governance, inspired by the views of blockchain insiders and experts. This paper was motivated by the author’s drive to examine the role humans have in blockchain technology. Through a Delphi study, these experts were asked about the human factor in general and specifically in decision making and the role of the founder. After the interviews were completed, the responses were reviewed, coded, and analyzed, leading to a unique insight that would otherwise have been unavailable. This paper will show that there is a human factor in blockchain governance, which often manifests itself in a significant way, and off-chain. More importantly, the human factor is also necessary for the blockchain and its community to function. The human factor in decisions can also become problematic and needs to find a balance between presenting the right issues and having a fair representation. However, there is no standardized and uniform process for that. Becoming dependent on a specific group or person, such as a founder, can easily become problematic, trigger centralization, and should be avoided. However, respondents feel that if the blockchain is truly decentralized, then the human factor does not pose any problems.