Bitcoin Foundation Delivers Update on Corporate Governance
With board elections just around the corner in January 2015, the Bitcoin Foundation is gearing up for the cycle with some new ideas when it comes to electing individuals who are a great fit for a seat on the board. Interestingly, this next election will be making use of a cryptographic voting system, but that's not all. The Bitcoin Foundation says they are considering forming a member-led nomination committee. "It is my sincere hope that the nominating committee can gather and organize input from the membership on what the ideal candidate characteristics would be for the open Individual....
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The Bitcoin Foundation has announced updates to its corporate governance structure, including stricter rules concerning terms for board members and suggestions for a new nomination process for elections. According to a blog post, the new elections are part of the Foundation's efforts to "instate a corporate governance structure that ensures consistency, stability and accurate representation of our membership for years to come". Two of the Foundation's most prominent personalities will face re-election by members to their board positions in December - chairman Peter Vessenes for his....
Governance has long been one of the most-hyped applications for blockchain technology. However, there's often little clarity about what "governance" means in this context. The term is used to encompass applications ranging from secure online voting, to new forms of political governance, to flawed experiments in decentralized investment funds. First, we need to be clear about what we mean by "governance". Most often the term brings to mind political governance. The institutions that, according to a system of rules and laws, make up our various levels of government.....
The blockchain could dramatically change corporate governance by reducing legal insider trading and making shareholder voting more reliable, according to a new report published by the National Bureau of Economic Research (NBER). Authored by New York University (NYU) professor David Yermack, the second working paper by the US non-profit explores how the widespread adoption of distributed ledgers could impact investors, shareholders, auditors and other participants in corporate governance. Citing recent proofs-of-concept at major stock exchanges, the NBER paper explores a future where....
One of ethereum's best-known wallets released new updates today, though one drew outsized attention due to the perceived preferential treatment it gave to an industry startup. Perhaps the most notable Mist update was the integration of a widget created by startup Coinbase that allows users to purchase up to $5 worth of ether, ethereum's cryptocurrency. As the feature allows for the instant buying of ether through the wallet, many in the community view it as an upgrade that could appeal to newer ethereum users. But because the Mist wallet is sponsored by the non-profit Ethereum Foundation,....
Bruce Fenton, Executive Director of the Bitcoin Foundation, presented to the wider public the slides and information that he was presenting at Inside Bitcoins NYC. The slides provide and reinforce information about what the Bitcoin Foundation is and what control they have over Bitcoin. Bruce Fenton: Inside Bitcoins NYC is going on now and I just made an important update. The attached PowerPoint covers my speech. The main key points are the transparency / governance initiatives being implemented now and the next projects for the future. Please let me know your thoughts and if this is the....