Social Theories, Ideological Foundation

Public blockchains are considered as “commons”.  Such that, the social theory of the Tragedy of the Commons by Garrett Hardin should heavily influence the structure of the risk management framework that will govern the operations of any public blockchain.

In addition, the works of Elinor Ostrom, winner of 2009 Nobel Memorial prize in Economic Sciences and author of the book “Governing the Commons“, should gave confidence to any blockchain community that it can successfully self-rule and that its public blockchain is suitable tool for Social Enterprising.