MATEC Web Conf.
Volume 223, 2018The 12th International Conference on Axiomatic Design (ICAD 2018)
|Number of page(s)||23|
|Published online||29 October 2018|
Complex Adaptive Blockchain Governance
Cognitive Tools Ltd. LLC, P.O. Box 695; 255 North Ave ; New Rochelle, NY 10801, USA
* corresponding author: firstname.lastname@example.org
The blockchain revolution upholds the decentralizing ideal of “control nothing.” It is natural that such a pursuit would face issues of governance that demand reasonable control; control that is both operational as well as adaptive in nature. Eliminating middlemen and handing over controls to a trusted system of trustless agents does not thereby bestow trust across time. This is especially true when relentless change is the order of the day. Issues of governance rise up when blockchain systems (especially those that have embedded smart contracts) are forced to operate increasingly away from their original intent. Smart contracts need governance when beset with the problem of the unknown-unknowns. Guided by the axiomatic approach, this paper looks at the paradoxical issue of blockchain governance from a Complex Adaptive Systems (CAS) perspective that helps frame the fundamental problem of decentralization. The objective is to solve the Blockchain Governance Kernel Design. Real-life examples are used to illustrate the findings.
Key words: Blockchain / Stigmergy / Governance / Complex Adaptive System / Heterarchical Hierarchy / Unknown-Unknowns / Smart Contract
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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