What does the IBM Blockchain Platform enable regarding network management?

The IBM Blockchain Platform enables custom governance policies, which is crucial for organizations that require specific rules and protocols to manage their blockchain networks. This flexibility allows businesses to tailor their governance structures to suit their operational requirements, compliance standards, and stakeholder needs. Custom governance policies can dictate how decisions are made within the network, who can participate, what the consensus mechanisms are, and how disputes are resolved.

This capability is essential for maintaining the desired level of control and accountability in a blockchain environment, particularly in multi-party scenarios where diverse interests are at play. By allowing organizations to define their governance frameworks, the IBM Blockchain Platform promotes trust among participants and helps ensure that the network operates smoothly and in alignment with agreed-upon objectives.

While decentralization of nodes, automated transaction validation, and open-source collaboration are also important aspects of blockchain technology, they do not capture the essence of network management as effectively as the ability to implement tailored governance policies.