The kind of systemic governance that relies on incentives and coordination among network participants is inadequate for addressing more regulated industries and their use cases. So, I'm attempting to define a governance structure and landscape for the more traditional enterprise, which is a modular approach that leverages existing best practices.

This model aims to facilitate progress and growth, but provide the necessary separation of participants in a network. The simplified governance structure I'll outline is built upon the core tenets of blockchain as well as principles of incentive, penalties, flexibility, delegation, and coordination. Keep in mind that the goal of leveraging blockchain is to develop networks of trust while enforcing certain rules of engagement. Generally, blockchain projects aim to motivate upgrades to technology and security and to penalize non-compliance, with the hope of ensuring continued participation and shared business benefits for the network powered by blockchain. The business governance model I again describe aids not only fair participation in such networks but also an equitable cost structure.  This section provides a high level context. We have discussed additional details in a chapter dedicated to Governance.