‪for a corporation achieve its goals in a sustained manner, it has to a) be well run by its management & b) be appropriately constrained by law, regulation or third parties.‬ all things being equal, the above is “easier” to achieve in an industrial world than a digital world. ‪as we have seen new business models for corporations such as aggregators, super aggregators, marketplaces failing to be appropriately constrained by law, regs or third parties. constraints are important! ‪now, blockchain tech at large promises us new organizational frameworks loosely summarized as more decentralized, autonomous & self-sovereign (code is law, executes on its own, aligned incentives...) which leads to the conclusion that these new organizational frameworks - in their ultimate forms - may not need outside constraints in same manner traditional corporations will as constraints are logically self imposed. ‪this is an issue imo. any system that does not believe in the need for exogenous constraints ultimately leads to totalitarianism. hence, how will exogenous constraints evolve to answer blockchain tech (should it lead to new organizational framework) is of paramount importance. #blockchain #crypto #regulation #tokens #protocols #corporations #stakeholders #cryptocurrencies #organizations …see more