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Discussion Week 6a Blockchain Governance

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Computer Science
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University of the Cumberlands
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Running Head: BLOCKCHAIN GOVERNANCE 1
BLOCKCHAIN GOVERNANCE
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BLOCKCHAIN GOVERNANCE 2
Blockchain technology allows several connected participants from various regions who
have no understanding of one another to reach a standard agreement without depending on
human interventions. Blockchain governance, on the other hand, refers to all processes within
ecosystems where stakeholders make decisions. Thus, the two aspects of enterprise blockchain
governance include effective collaboration and transparency.
The aspect of the collaboration will help govern a blockchain environment in the
following ways. It ensures that the organizations implementing blockchain technologies have
reduced transaction fees. Through collaboration, most of the organization's payment systems get
operated by financial institutions. According to research, large organizations use blockchain
governance in their global marketing to make a transaction. As a result, they benefit from
intellectual property protection. The technology helps create a leveled playing field for all
businesses enabling them to participate globally. Collaboration helps give organizations
competitive advantages over others because it encourages business-to-business techniques.
Collaboration can be used to ensure that various departments within an organization work
together effectively. For example, in a health institution sharing the client's information may help
ensure that doctors get paid in time (Katina, Keating, Sisti & Gheorghe, 2019). It is because
blockchain technology has helped develop the decentralization of the blockchain ledger. Through
collaboration between the health care information technology vendor and government, it has
become possible to achieve better services in health care facilities.
However, collaboration using blockchain governance differs from the traditional
application environment in the following ways. The first difference is the centralization of
information. When using blockchain technology, all participants can access the records and

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Running Head: BLOCKCHAIN GOVERNANCE BLOCKCHAIN GOVERNANCE Student’s Name Institution Date 1 BLOCKCHAIN GOVERNANCE 2 Blockchain technology allows several connected participants from various regions who have no understanding of one another to reach a standard agreement without depending on human interventions. Blockchain governance, on the other hand, refers to all processes within ecosystems where stakeholders make decisions. Thus, the two aspects of enterprise blockchain governance include effective collaboration and transparency. The aspect of the collaboration will help govern a blockchain environment in the following ways. It ensures that the organizations implementing blockchain technologies have reduced transaction fees. Through collaboration, most of the organization's payment systems get operated by financial institutions. According to research, large organizations use blockchain governance in their global marketing to make a transaction. As a result, they benefit from intellectual property protection. The technology helps create a leveled playing field for all businesses enabling them to participate globally. Collaboration helps give organizations competitive advantages over others because it encourages business-to-business techniques. Collaboration can be used to ensure that various departments within an organization work together effectively. For example, in a health institution sharing the client's information may help ensure that doctors get paid in time ( ...
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