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Public vs. Private Blockchains Governance Implications
Abstract
This chapter examines how blockchain governance, whether public or private, extends beyond technical design into the realm of institutional values, legal frameworks, and societal priorities. Through sectoral case studies in finance, healthcare, and supply chains, it highlights how governance structures directly shape blockchain's decentralization, transparency, control, and trustworthiness. Public blockchains offer openness and resilience but face regulatory uncertainty and coordination challenges, while private blockchains provide control and compliance but risk reintroducing centralization. Key policy recommendations stress designing governance from the outset, enabling sector-specific regulation, encouraging hybrid architectures, and incentivizing responsible practices.
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