Business domains and processes
In this section, we will look at the scope of operations that a governance model should aim to address. To avoid bad surprises, each of these decision areas should be considered by any network. Not every decision needs to be bound by a formal process, but considering these elements can avoid problems down the road.
Membership life cycle
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, some things need to be established upfront during network formation and the onboarding of new participants:
- Who owns the privilege to invite organizations to the network?
It should include considerations as to who can submit a proposal to create a new organization and also considerations for channel-level invitations. Are there privacy...