Transparent to everyone able to read the code, perhaps. Those poor souls who have not learned to program in whatever defi language is hip this month will just have to accept that they will have no say in governance, nor even be able to discern what is happening and why. Bureaucracy is bad enough when it's made out of humans, let alone when you have unfeeling machines executing a (possibly buggy) script.
The point is that you CAN see the execution; wether you spend the time to learn to understand is your perogative. If you don't, you rely on experts, just like today. But unlike today, these experts can be independent of the process they explain.
