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ARTICLE · 19 MAY 2020

Blockchain Governance: A Primer

Ikigai Law
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This is the first in a series of blog posts on blockchain governance.

IndiaTechnology
Ikigai Law
Ikigai Law
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This is the first in a series of blog posts on blockchain governance. This blog explains what blockchain governance is and lays the groundwork for deeper study.

Let's begin with an example to understand the need for governance structures for blockchain solutions. Suppose an electricity transmission company supplies electricity to your house in New Delhi, India. You know that this company procures electricity from a power generator; arrives at its cost; manages how electricity is supplied to your residence; decides what to do if a power grid fails; decides where to supply the electricity in times of overload; and will handle repair work, amongst other things.

Now consider a situation where you can produce your own electricity using rooftop solar panels, and even supply excess energy to your neighbors. All the information about power production, storage and transfer is recorded securely on a blockchain. You have one technological support provider who puts this

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