GOVERNANCE AND ACCOUNTABILITY
Governance is a prerequisite, not a decoration
A technically valid record does not establish legal title
Cryptographic integrity can demonstrate that bytes or an event commitment have not changed; it cannot prove that a person possessed the contractual authority to sell the underlying records. Governing agreements, intellectual-property assignments, data-protection laws, Indigenous governance and any relevant sector restrictions determine whether an asset can be commercialized.
Different institutions retain different responsibilities
Researchers assess technical performance. Rights holders and legal reviewers establish usage authority. Corporate directors approve lawful issuer actions. Finance reconciles actual cash and taxes. Registrars maintain authoritative holdings. Regulators and authorized market operators determine regulated-market permissions. No private software platform can replace these independent decision-makers merely by recording an approval event.
Privacy includes the decision not to participate
Data minimization, limited purpose, confidentiality and meaningful withdrawal processes matter before a source is accepted. Sensitive source records should not become publicly searchable to make an investment instrument visible. Collective information about Indigenous peoples and territories requires community-governed authority; ordinary individual consent is not necessarily sufficient.