Executives representing the top-level leadership at a range of blockchain companies and projects have signed a letter calling for a new focus on perceived issues with blockchain governance.
Calling themselves the âMuskoka Groupâ, the 14 executives include leaders building a diverse set of open-source distributed ledgers, as well as the heads of notable for-profit startups.
The letter, published today, follows a two-day governance workshop held by authors Don and Alex Tapscott in Muskoka, Canada, one that the organizers said he found participants focusing on the âbig pictureâ surrounding the technology.
Don Tapscott told CoinDesk:
âThere was a strong sense that we need a rising tide to lift all boats.â
Concrete steps attendees will seek to take include exploring how to fund a âBlockchain Hubâ using the Global Solutions Network (GSN) program and whether to create a ânetwork of networks to help coalesce the communityâ.
Signatories of the letter included Brian Behlendorf, managing director of the Hyperledger Project; Perianne Boring, founder of Chamber of Digital Commerce; Joseph Lubin, founder of ConsenSys Systems; Matthew Roszak, founder of Bloq; Pindar Wong, chairman of VeriFi; and Jim Zemlin, executive director of the Linux Foundation.
As part of this effort, the group wants to develop a âroadmap and action planâ to help signatories better collaborate with âleaders at the municipal, state, federal and supranational levelâ to develop blockchain strategies.
To help spur that collaboration along, the group also proposed launching a âsyndicated research programâ to study how blockchain tech might impact industry, government and society.
âThe world needs horizontal research investigating areas such as supply chains, asset tracking, marketing and management. We need vertical research into industries such as banking, insurance, healthcare, retail, manufacturing and government,â the letter read.
Toward that end, Tapscott spoke out about how governance issues are harming perception of the technology more broadly and holding back wider adoption.
Tapscott concluded:
ââItâs clear that decentralization and self organization should not be confused with disorganization. We need better collaboration and coordination in this ecosystem.â
The actions follow the notable struggles of the ethereum community following a recent technical change, and amid an ongoing debate in the bitcoin community of how best to increase the networkâs transaction capacity.
Image of the Muskoka Group via website