Network Decentralized Governance: Examples, Risks, Benefits, and Applications

Abstract

This review explores the current landscape of decentralized governance as enabled by blockchain technology, examining its development, implementation, risks, benefits, and applications. We survey key case studies including Bitcoin, Ethereum, Tezos, Cardano and Algorand, assess the governance models of DAOs, and consider emerging regulatory frameworks such as the U.S. Financial Innovation and Technology Act. We also explore how decentralized governance interfaces with AI and operational resilience. The review concludes by identifying future directions and conditions necessary to realize effective decentralized systems.