The Governance of Blockchain

Transcript

and next up is the topic that I personally am very interested in which is the governance of blockchain please remind me in the audience here welcome forward okay thank you everyone for having me let me let me test this one um [Applause] all right so when we talk about foreign [Music]

[Music] come there and [Music] so for example I can come there and sell my products I can come to Facebook Marketplace and then post my optic flower from my garden and then you can sell that one to any others who are interested in the Market flower in order to Facebook so another example of digital platform uh they're good with Apple Store

where it creates a space for you and the game developer to meet together to exchange to train for the game and also from other is a platform that you can come in and find your lovers okay you can find other people and then you can relate to them okay [Music] um so if you want one era which is very early time on the internet we don't usually have many digital platform so that is the area that we usually have print only website so we just go to the website those Internet Explorer and then you're gonna search for something to read the

newspaper and then that's all so okay just look for the information but then put the introduction of for example YouTube and then Facebook then you realize that we can have something that we can go online do that and then recently with the introduction and then we do also have all the time just never over this place so today I'm going to talk about governance

so one of the famous definition of governance platform dominance is that who make one decision about the platform okay and with the revolution sorry evolution of the internet the governance also also changed so in the work two area right here mainly based on centralization so the digital platform like Apple Store Facebook there with you some of you playing games and you must help all right and then over Airbnb they actually have the centralized government models so therefore somebody is here

who can make most of the time the decision over the future so we've got pizza here and providers we can give feedbacks we can give them platform or anything like the one who make the final decision usually [Applause] there like I say is production then we have all the modes of problems realized on until we get feedback will win the platform all right but when

it comes to blockchain our ethereum and they'll actually meet a leader so let me go to this one they can connect to each other they can make a decision they can actually override without any helps and to auditory put it into video okay Okay so I don't know even the focus doesn't focused on decisionalization so I I just you know it's just so in web 2 like I said we buy mainly on centralization the one who made the

description here without we have the option without a leader without listen to Authority the finger is that we have the option for what we call decentralization and also they don't have the offset of normally buy you that again how about an object then we have a governed by the communities and in Florida the smart attractive [Applause] so what kind of update platforms that we have right now

this episode when we talk about Papa Jake we think about crystallization but that is we do have some blockchain platform we do have some blockchain platform that it actually centralized so it means that there are some organizations there are some code that is behind the blockchain platform so this is one of the examples from ripples that a company that fund the blockchain so every decision the main decision can be made by the simple owner or a part of your organization so this is the first time that is sent by blockchain

[Music] and then finally the thing that we know so far fully listen to Life governance so you don't need leaders um everything is managed by the network participant Network Community with the

help of smart contract for example uh the help of the consensus mechanism okay and the example Bitcoin Bitcoin cash and also maybe like for you all right so um so in our study we actually asked a question so given that we have different types of blockchain yeah so what are the way that they create market value are they any different you know in a way that the Korean active value in any uh you know in the network okay so we collect data from around 700 okay platforms put the largest market

capitalization and then we run that one our model our analysis some micro function let's be less processed especially you know very common in social science and this is what we find so they actually have different way or upgrade in the market value [Music] right so what is the key message from

our work so really blockchain technology they actually offer in the Deep white evolved in the platform so right now we have decentralization okay and that will actually create value by motivating the developer attract more developer to continue to blockchain to create new products but again like we talked about blockchain we think of ethereum and decentralization accordingly I was starting to find that centralization also work objects because they have a different way to create

market value so centralization could also be an option for the future of content all right and um in a bigger picture both digitalization and Central violation of game platform that you have different way of trying the social connection sorry social relax interaction in the blockchain network and of course they will have different required of creating the market value and of course I acknowledge that decentralization is not the only thing in blockchain there are actually all the things in terms of governance so we do have something called [Music]

all right and also something else could be also interesting in terms of problems like ownership concentration so what is the impact of uh well you know those who hold very big a sense of uh of the coin internet in the blockchain network okay and also all right okay so um there are many different governance

mechanisms that haven't been studied from uh for the literature so this is our message is that this governance theory is really still new in its research so I'm aware that I want to remember and also do a couple of Works in governance but we still meet many more reasons out there all right so um we actually create a project in blockchain dominance and we are looking for young researcher to show that it's quite a understanding blockchain governance and unbanking their the roles for other systems platform so let's have a look at our project at our team make your interest if you're interested in the project let us know we can discuss

more all right thank you everybody student is open please contact me if you are interested alright