As blockchain platforms are becoming increasingly noticeable in financial services and beyond, questions arise regarding their suitability to compete with or replace existing payment systems and marketplaces and redesign the financial infrastructures of the future. Prominent among these concerns are issues around governance and control in distributed ledgers: How are distributed ledger technologies governed? Can blockchains address complex administration problems? What key issues of note for practitioners and academics have emerged thus far? In this paper we aim to review the existing governance practices of established or popular blockchain and decentralized autonomous organization (DAO) systems with a view to understanding how they hold up in times of crises. What questions are raised when they are compromised or faced consensus challenges in coordinating action especially around control and accountability? We use a translational process, generating focal insights about present concerns from the reference point of completed academic studies and extensive practitioner consultation. Rather than adopting a declarative approach attempting to provide all the answers, we draw insights from the IT platform governance literature to offer a critical perspective for asking the right questions around key governance issues in financial infrastructure such as decision rights, control mechanisms, and incentives.

随着区块链平台在金融服务及其他领域变得越来越引人注目，人们质疑它们是否适合与现有支付系统和市场竞争或取代现有支付系统和市场，以及重新设计未来的金融基础设施。这些问题中突出的是分布式分类帐中的治理和控制问题：如何管理分布式分类帐技术？区块链能否解决复杂的管理问题？迄今为止，已经出现了哪些对从业者和学者值得注意的关键问题？在本文中，我们旨在回顾已建立或流行的区块链和去中心化自治组织（DAO）系统的现有治理实践，以期了解它们在危机时期的承受力。当他们在协调行动（尤其是在控制和问责制方面）受到损害或面临共识挑战时，会提出什么问题？我们使用翻译过程，从完成的学术研究和广泛的从业人员咨询的参考点中得出有关当前关注点的重点见解。我们没有采用试图提供所有答案的声明性方法，而是从IT平台治理文献中汲取了见识，从而提供了一个关键观点，可以就金融基础架构中的关键治理问题（如决策权，控制机制和激励机制）提出正确的问题。从完成的学术研究和广泛的从业人员咨询的参考点，获得有关当前关注点的重点见解。我们没有采用试图提供所有答案的声明性方法，而是从IT平台治理文献中汲取了见识，从而提供了一个关键观点，可以就金融基础架构中的关键治理问题（如决策权，控制机制和激励机制）提出正确的问题。从完成的学术研究和广泛的从业人员咨询的参考点，获得有关当前关注点的重点见解。我们没有采用试图提供所有答案的声明性方法，而是从IT平台治理文献中汲取了见识，从而提供了一个关键观点，可以就金融基础架构中的关键治理问题（如决策权，控制机制和激励机制）提出正确的问题。