In this section, we will look at the scope of processes that a governance model should aim to address. Each of these areas of decisions should be considered by any network to avoid bad surprises. Not every decision needs to be bound by a formal process, but considering these elements will avoid bad surprises down the road.
As we know, a blockchain network is meant to be fully decentralized. Thus, the expansion of participants is a normal thing that we would expect to see in a healthy network.
However, since this is an enterprise-grade network that is subject to rules and regulations, there are things that need to be established upfront during network formation and the on-boarding of new participants:
- Who owns the privilege to invite organizations to the network? This should include considerations as to who can submit a proposal to create a new organization, but should also include considerations for channel-level invitation. Are there privacy...