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**Notary:** A public officer authorized by law to perform similar functions, and to authenticate the execution of deeds and contracts, and the accuracy of copies of documents, and to take affidavits and administer oaths.
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**Contingency theory:** A contingency theory is an orgzational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent upon the internal and external situation.
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link: https://doi.org/10.47363/JESMR/2021(2)121
# Summary
This paper investigates the idea of reciprocal blockchain governance. It identifies two major processes of blockchain governance:
- governance _of_ the BC where stakeholders, and social market evaluate performance of BC and make improvements. This occurs off-chain
- governance _by_ the BC applying consensus protocols, and node control using BC as a medium. Occurs on chain
They propose that neither on-chain governance-by-BC nor off-chain governance-of-BC are sufficient and that these methods should be combined and used to inform each other. They evaluate the effe
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"A significant amount of research and development still remains before hybrid governance is achieved. However, the difficulty surrounding the task of managing rapidly developing technology can be alleviated best by incorporating technological advancements into the governance structure."
what is contingency theory
![Table 2: Comparisons among public blockchain, consortium blockchain and private blockchain|300](https://i.imgur.com/zbeDV82.png)
# Related