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Authored by Akash Yadav*
ABSTRACT
Blockchain technology presents a paradigm shift in governance, offering decentralized frameworks that challenge traditional centralized systems. This paper delves into the concept of decentralized democracy within blockchain governance and its implications for the future. The paper outlines the foundational principles of blockchain, highlighting its ability to facilitate transparent, trustless transactions through distributed consensus mechanisms. The paper then examines various governance models, from centralized to decentralized approaches such as on-chain governance and decentralized autonomous organizations (DAOs), assessing their strengths and weaknesses. Moreover, the research explores the concept of decentralized democracy, elucidating how blockchain enables transparent, auditable voting systems for direct stakeholder participation in decision-making.
Keywords: Blockchain, Technology, Democracy, Governance
Keywords: Right to Privacy, Constitutional Law, Article 21, Surveillance Technologies, Aadhaar, Personal Data Protection Bill
Publication date and year: April, 2024
DOI Link:
Preferred Citation: Akash Yadav, FUTURE OF BLOCKCHAIN GOVERNANCE: EXPLORING DECENTRALIZED DEMOCRACY, Journal of Unique Laws an Students, Vol. III-I, (2024).
* 4th year B.A. LL.B student at Dr. Ram Manohar Lohiya National Law University, available at: akash00official@gmail.com.