Blockchain network governance

Governance can involve the following:

• Managing participation in the network
• Forming an equitable cost structure that's distributed fairly based on the activity of the participants
• Allowing for like-minded participating entities to engage in transactions and value creation
• Managing rules of engagement and social contracts with the aim of promoting fairness

Governance of the blockchain network's governance includes the following:

• Onboarding and offboarding members
• Establishing a fair cost structure
• Detailing how data ownership works
• Regulatory oversight and compliance reporting
• Managing a permissioning structure with central management and a voting process, a federated structure, and a delegated structure
• Managing business operations and SLAs
• Network support services (the same as for IT governance)
• Risk optimization (the same as for IT governance)