Abstract: Based on the research on the history and current status of enterprise open permissioned blockchain, we point out that the absence of governance and incentive mechanism is the main obstacle of massive adoption of enterprise open permissioned blockchain. We also point that developer team and miners are not independent players in an enterprise open permissioned blockchain game. Enterprise open permissioned blockchain joints different business entities into a new decentralized autonomous organization (DAO). For these kinds of DAOs, the most suitable governance mechanism should be an on- chain board of directors and a board of shareholders. Meanwhile, the system should give the ledger keepers incentive to work hard and honest. The incentive currency should be a price pre-defined convertible on-chain utility token.

Key words: enterprise open permissioned blockchain, governance mechanism, incentive mechanism, DAO