A global group of EOS blockchain community members and Block Producers unveiled EOS Alliance, a new coordinating group aimed at further unlocking the full potential of EOS by providing a platform for collaborative, transparent decision-making and information-sharing within the EOS community.
The formation of EOS Alliance has been endorsed by most of the influential stakeholders in the EOS community including over 30 EOS block producers.
According to the official press release, EOS Alliance will:
- Facilitate multi-language conversations (initially in English, Korean and Chinese) and education around key ecosystem issues, debates and developments.
- Refrain, in accordance with its bylaws (now being drafted), from gaining any executive power within EOS governance structures.
- Facilitate discussion and help workgroups make clear recommendations.
Within 12 months, the EOS Alliance intends to have a fully elected board, to include members of diverse backgrounds and geographic regions, representing a variety of EOS community stakeholders and perspectives.
The initial board members are expected to be:
A seat reserved for special appointment, held in the interim by Lightning Clearwater III, also serving as the Alliance’s General Counsel
Brock Pierce, Chairman of the Bitcoin Foundation and former partner at Block.one
Galia Benartzi, Co-founder of Bancor and LiquidEOS
Peter Li, founder of EOS Gravity, a community leader and Block Producer
Hai Feng, of EOS Store, an EOS Block Producer
Nix Nolledo, Philippine billionaire, founder of blockchain startup ODX
AKON, multi-platinum music artist and blockchain enthusiast
In addition, two observer seats have been established for representatives to be selected by the paid Block Producers via a mechanism to be decided by them.
Staff initially will include interim Executive Director Thomas Cox, former Block.one VP of Product (where he led the work on EOS’s governance mechanisms), Deputy Executive Director Myra Wang (Dan Wang), formerly of the influential Chinese community EOS Gravity, and Communications Director Kevin Wilcox, co-founder of EOS Go.
The board and staff are in the advanced stages of forming a legal foundation as a nonprofit public benefit entity in an advanced jurisdiction.
EOS Alliance Support and Sustainability
Pledges of funding have been secured for the first 90 days of operation, and board members are tasked with fundraising for the Alliance. Additionally, the Alliance will be funded by private donations, to be made in EOS tokens so all transactions will be public and transparent on the EOS blockchain. In its first six months, the Alliance will create a sustainability plan beginning with donations, events, memberships, content, trainings and more. The EOS Alliance is initially capping its budget at US $1 million per year. All EOS Alliance financial information will be publicly available.
EOS Alliance Working Groups
Initially, working groups will be formed to outline and facilitate conversations on the following topics:
- Dispute Resolution and Arbitration
- Code Management (GitHub)
- Constitution Drafting & Adoption
Mission: to curate an open process ensuring broad community participation in drafting, discussing, revising, and publishing at least two Constitution drafts for consideration by referendum.
This group intends to hold weekly video work sessions in English, Mandarin and Korean (initially) to garner input.All EOS Alliance working groups will be required by their charters to operate inclusively and transparently.
EOS is said to be the world’s fastest governed blockchain, however, the network launch in June was delayed for a week because not enough people were voting, while Block.one, the publisher of the EOSIO blockchain software system and protocol that also sell EOS coin, even offered a cash reward for finding bugs in the system only a few days before launch.
On July 20, EOSIO open-source blockchain software was upgraded to version EOSIO 1.1.0 to achieve better scalability and performance.
The latest release also focuses on a better usability experience for developers looking to build on the EOS platform “laying a foundation for more scalable application development and support for an infrastructure team building on the EOSIO blockchain.”