By using blockchains as our underlying assurance mechanism, we can codify organizational governance through code and not purely documented principles that rely on humans to coordinate around. In doing so, we foster greater trust between parties by minimizing trust in people and maximizing trust in technology.

Blockchain-enforced execution of agreed contracts using consensus and transparency can, in numerous cases, reduce the need for the bureaucratic and hierarchical layers—the slow processes of legal and social recourse—that usually exist to coordinate humans to make decisions together.