Blockchain applied in the real world always runs into a need for governance.

Blockchain sets out to be decentralized, but blockchain applied in the real
world always runs into a need for governance.

And as Lawrence Lundy-Bryan notes, "there is no such thing as decentralized
governance".

Governance is built on attestation, that is, certification of the validity
of claims. Such attestation necessitates a source of authority that is
accepted by all participants.

Sounds like centralized authority is needed for this decentralized system…!

So shouldn't the challenge be to do it right and make it participatory
rather than to eliminate centralized authority? And also to design it in
such a way that security and privacy are protected.

Dan Kioria