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This paper analyses the status quo of large-scale decision making combined with the possibility of blockchain as an underlying decentralized architecture to govern common pool resources in a collective manner and evaluates them according to their requirements and features (technical and non-technical). Due to an increasing trend in the distribution of knowledge and an increasing amount of information, the combination of these decentralized technologies and approaches, can not only be beneficial for consortial governance using blockchain but can also help communities to govern common goods and resources. Blockchain and its trust-enhancing properties can potenitally be a catalysator for more collaborative behavior among participants and may lead to new insights about collective action and CPRs.