A Framework for Blockchain Governance Design: The Prysm Group Wheel

Cathy Barrera, PhD
Apr 23, 2019 · 8 min read
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Photo by Luís Eusébio on Unsplash

Operational Structures vs. Governance


A Framework for Blockchain Governance Design: The Prysm Group Wheel

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Scope of Decisions

Stakeholders / Participants

Defining stakeholders and their various objectives at the onset of a project is vital to the success of a governance system. This way, you can address how any conflicting objectives will be handled in order to best achieve the platform’s overarching goals.It may not be possible to achieve that ideal balance, but having one in mind will set a direction for the design of the governance system.

Policy Research and Development

This important task requires a shared understanding of who will undertake these activities and what resources will be used as support mechanisms.

Proposal Process

Information Distribution Systems / Education

Decision-Making Procedures

The ultimate goal of a governance system is to facilitate decision making that stakeholders feel represents their interests and preferences.

Implementation and Property Rights

Prysm Group

An economic consulting firm specialized in incentive design…

Cathy Barrera, PhD

Written by

Founding Economist at Prysm Group (prysmgroup.io), blockchain economics and governance design services

Prysm Group

An economic consulting firm specialized in incentive design and token economics for blockchain and DLT implementations.

Cathy Barrera, PhD

Written by

Founding Economist at Prysm Group (prysmgroup.io), blockchain economics and governance design services

Prysm Group

An economic consulting firm specialized in incentive design and token economics for blockchain and DLT implementations.

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