There is plenty on this subject in this site if you search hard enough, but most people point to table 6 of ASME B 16.5 which gives min reducing flange sizes but then also says in note 1 that where a smaller size (your 20" x 2") that they can be made from blind flanges. However your 8" x 3" I would recomend you use a reducing flange or a normal flange and a reducer. There is also somewhere a limit of the hole in blind flange being less than 0.5D.
Note all holes should be in the centreof your blind flange. Any off centre or multiple holes really need this to be considered using ASME VIII.
I would always question what exactly you are connecting this weldolet to. The bigger and heavier it is the more susceptible your small connection is to mechanical damage, fatigue, over stress (e.g.a 2" #1500 valve) without further support.
Take care with these types of connections and use proper components whenever possible.
My motto: Learn something new every day
Also: There's usually a good reason why everyone does it that way