In a research paper published last week, CNRS researcher and faculty associate at the Berkman Klein Center for Internet & Society at Harvard University, Primavera De Filippi, wrote about the pitfalls of Bitcoin, blockchain technology and decentralized governance. In the paper, Filippi, a member of the Global Future Council on Blockchain Technologies at the World Economic Forum, said blockchain has the potential to disrupt many sectors of activities that currently rely on trusted authority by eliminating the need for a middleman.
She stated that the most significant innovation of blockchain technology was that it enables us to experiment with new organizational structures that are, “more transparent and less hierarchical than we are accustomed to.” However, she also believes that there are limitations to decentralized governance and advocates’ claims that blockchain promotes autonomy.
She subsequently pointed out that the last two decades have shown how decentralized collaboration makes it possible to achieve things that would be, “really difficult to achieve,” within a single company or organization. …
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