Blockchain Revolution

Blockchain Implications: Advocacy networks arise with the disillusionment with
traditional political and civic institutions, making them a logical fit for the blockchain
community, which is trying to upend how those traditional institutions solve
problems. However, in these early days, advocacy networks must work with
government as a partner. Advocacy networks are closely tied to policy networks, so
it’s unsurprising that Coin Center and the Chamber of Digital Commerce are taking
the lead in this area. We could also include here COALA, MIT’s Digital Currency
Initiative, and others. Advocacy is critical to scaling blockchain technology. In the
absence of strong advocates who stand up for stakeholders and stakeholder rights,
governments and other powerful institutions could try to stifle, twist, or usurp this
powerful open network to their exclusive advantage, another dangerous potential
showstopper.
5.
Watchdog Networks
These networks scrutinize institutions to ensure that they behave appropriately. Topics
range from human rights, corruption, and the environment to financial services. In the
process, they drive public debate, boost transparency, and ignite movements for
change. The role of watchdogs is inherently intertwined with that of advocacy
networks and policy networks. Policy networks collaborate with government to shape
policy that works. Watchdogs ensure that industry complies with policies and
effectively monitors and enforces compliance. Governments that abuse the public
trust can also be scrutinized and held accountable.