EOS Alliance Forms, Seeks To Expand Blockchain’s Development

Announcements, Blockchain, News, Regulation | August 17, 2018 By:

A new trade organization, the EOS Alliance, has been formed to further the development of the EOS blockchain.

The group will seek to provide a platform for collaborative, transparent decision-making and information-sharing within the EOS community, streamlining and facilitating communication and education that affects EOS token holders, block producers, application creators and other stakeholders.

The move was endorsed by dozens of stakeholders in the distributed EOS community, including over three dozen EOS block producers.

Among the Alliance goals:

  • 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.

As its first act, the EOS Alliance has already begun forming a series of working groups with diverse community participation to inform and advise on the ecosystem’s most challenging topics.

The EOS Alliance will launch initially with a seven-member board. 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:

  1. A seat reserved for special appointment, held in the interim by Lightning Clearwater III, also serving as the Alliance’s General Counsel
  2. Brock Pierce, Chairman of the Bitcoin Foundation and former partner at Block.one
  3. Galia Benartzi, Co-founder of Bancor and LiquidEOS
  4. Peter Li, founder of EOS Gravity, a community leader and Block Producer
  5. Hai Feng, of EOS Store, an EOS Block Producer
  6. Nix Nolledo, Philippine billionaire, founder of blockchain startup ODX
  7. 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.

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.

Initially, working groups will be formed to outline and facilitate conversations on the following topics:

  • Dispute Resolution and Arbitration
  • Communications
  • Code Management (GitHub)
  • Exchanges
  • 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.