Governance body for Waves blockchain established in Frankfurt

By February 3, 2020DApps
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Governance body for Waves blockchain established in Franknfurt
Published by February 3, 2020

Today it was announced that the Waves Association has been established in Frankfurt, Germany as a non-profit organization, with the goal of promoting the Waves blockchain ecosystem, Web3 and stimulating the development of decentralized technologies, including public and private blockchain protocols.

This is an important moment in the history of the Waves ecosystem — the formation of an independent body that will define the priorities and directions for the development of Waves’ technologies through a decentralized process of voting at Association meetings.

In the future, the Association will implement DAO-like mechanisms on the blockchain for submitting initiatives, making decisions, incentivizing the community and other benefits for maximum transparency and decentralization.

Ten community members, including Waves founder Alexander Ivanov and representing six different countries, have already joined the Waves Association. The list of countries includes Portugal, Spain, Switzerland, Germany, the Netherlands, and Russia.

Goals of the Association

  • Governance. Implement decision-making on the blockchain, such as voting on all major issues and updates, as well as the development of DAO-style governance in the future.
  • Technology development. Support and development of the Waves protocol and infrastructure, which includes a decentralized network, technologies, and various development tools, with a focus on the next-generation Waves technology stack — Gravity Hub.
  • Toolkit development. Create everything the community needs, enabling anyone to build on Waves and create their own applications and use cases with the ecosystem’s technologies and tools.
  • Research and education. Active collaboration with universities, research centers, industry, and governments in Europe and around the world.

Waves is an open platform for Web 3.0 applications and custom decentralized solutions, with a wide range of purpose-designed tools for making the process of developing and running dApps easy and accessible.

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