ABSTRACT
The rise of blockchain technology in the last decade has helped make significant progress towards achieving viable decentralisation of governance in economic institutions, while maintaining the integrity of complex systems. The ability of blockchain to offer a means of creating trust in so-called no-trust environments is one of the most promising properties of the technology, and is the focus of much current attention by specialists in contract governance. The distributed nature of blockchain systems is a powerful technological enabler for the emergence of decentralised governance structures for core economic institutions such as community organisations, companies, governments, and voting systems. In turn, blockchain opens new opportunities in anticorruption efforts, and offers economic welfare gains through product and process innovation at the governance level.
