Quote
To sum up, all the challenges the Blockchain technology is currently going through are, somehow or another, related to the infancy of such approach. By any measure, it is the people who need to maturate and get used to the new way of how things work. It will undoubtedly be a good lesson for the society, especially, for those at the top of it. Those who steer the control wheel.
Governance and responsibility among others are two of the problems involved in blockchain technology. Being used to centralization, people are somehow dependent to the leaders for decision making which is not the case when it comes to blockchain. All will be the decision maker when it comes to blockchain so there are times when we don't know what will be the outcome of something.
Responsibility is one of the problems as well because we like to find someone responsible for an act so that we will know to whom we can go in case we need something but when it comes to blockchain, no one has the single responsibility since the one involve are all responsible so you cannot pinpoint someone. Trust is not there that's why some are still doubtful when it comes to cryptocurrency being unregulated.
