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What Bitcoin Can Teach us About Decentralized Leadership

1 31 21
04.09.2021

Three years after releasing Bitcoin’s famous whitepaper, Satoshi Nakamoto made an unceremonious exit from the digital phenomenon he created. In a message to a fellow software developer, Nakamoto simply stated: “Moving on to other things. It’s in good hands ...”

And while Bitcoin’s long-term value is central to debate, Nakamoto’s choice to rescind from the helm of the cryptocurrency, irrefutably altered the concept of decentralized leadership.

Once defined as a delegating leadership style — one where top level executives empower middle and lower managers to make key decisions — with the advent of blockchain technology, decentralized leadership has evolved to include Decentralized Autonomous Organizations. These leaderless entities are owned by shareholders and led through democratic processes written into code and regulated through smart contracts.

This extreme version of decentralized leadership may seem futuristic, but the reality is, the pandemic has only deepened our understanding (and appetite) for decentralized work: from our office spaces, to our working hours, to our ability to make key decisions, we’ve become accustomed to collaborating from a........

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