By Rob Daly

Muskoka Group Eyes Improved Blockchain Governance

Several blockchain practitioners, theorists, advocates, and policymakers gathered late last week in Muskoka, Ontario Canada to discuss ways to develop the technology to its fullest potential.

Forming a new group, dubbed the Muskoka Group, the stakeholders, which included representatives from the Hyperleder Project, The Linux Foundation, The Chamber of Digital Commerce, and other blockchain-related organizations, developed 10 actions items aimed at improving the technology’s ecosystem.

“Decentralization does not equal disorganization,” said on attendee of the gathering. “Like-minded people and groups can self-organize to voice their valuable perspectives, collaborate and solve problems in a bottom-up, multi-stakeholder fashion. Especially as the Internet provides new means and mechanisms to do so.”

Besides numerous educational endeavors, the Muskoka Group also explored funding a $4 million global solutions network program it has named the Blockchain Hub.

The Blockchain Hub’s first step would be to inventory, categorize, and analyze the blockchain ecosystem, according to a published announcement by the Muskoka Group.

It would then identify gaps and outline strategies to move forwards, create tools that will help participants understand the challenges of governance, establish a “network of networks” to help coalesce the community.

In other blockchain community news, 17 new firms from across the globe have joined the open source Hyperledger Project.

“There’s been a tremendous response to our vision for creating an open community for blockchain technology and we’re proud to be celebrating this member milestone,” said Brian Behlendorf, executive director of Hyperledger Project in a prepared statement. “At a growth rate of nearly two new members joining per week – there’s no telling where we’ll be at by the end of the year – I look forward to working with this growing community to further our open blockchain development efforts.”

For more on Blockchain:

Related articles

  1. Real-time settlement is the key benefit of blockchain-based processes.

  2. Crypto-focused firms are expected to use their high valuations to buy TradFi firms.

  3. The shared private ledger from Baton Systems enhances settlement speed and efficiency.

  4. Customers can have accelerated treatment of financial transactions, exchange and storage of data.

  5. Project Jura explored cross-border settlement of tokenised assets on a DLT platform.