The ability to pilot a company’s system of rules, practices, and processes that are central to directing and controlling the firm. Governance involved the ability to establish guidelines, policies and procedures that set the required behavior of ecosytem parpticipants. This includes parties both contributing and consuming from the platform. Since platforms rely on networks rather than hierarchies and the decentralization of information exchange of information, transparency is more valued.
Ability to translate platform logic into operational platform control systems and regulations
Understanding of how rules impact the incentives to contribute to the platform
Establish and manage dispute resolution mechanisms
Clean and effective communication with internal and external platform participants