Right now, anyone can go an build a new notary or governance protocol on blockchain, for their own purposes, without asking for anyone's permission.
Government trust is great, and bank anchored trust is great, but neither of those parties has as yet volunteered to run the kind of digital infrastructure required to run your own stuff on top of, and can you imagine the paperwork? (I bet there are some bank efforts but good luck getting on their platform).
Right now, anyone can go an build a new notary or governance protocol on blockchain, for their own purposes, without asking for anyone's permission.
Government trust is great, and bank anchored trust is great, but neither of those parties has as yet volunteered to run the kind of digital infrastructure required to run your own stuff on top of, and can you imagine the paperwork? (I bet there are some bank efforts but good luck getting on their platform).