Something I am pushing for is to put together a task force to produce an analysis on governance models of foundations (how they operate) to incorporate best practices and strategies.
There is no better way to start this by going straight to the community to share ideas and observations.
There isn’t much on the Bitcoin and Ethereum Foundation website so am looking into seeing what are a few other foundations with a blockchain protocol and crypto we can look into. Of course, there are arguments whether they are actual blockchains or crypto!
Mission: Stellar.org connects people to low-cost financial services to fight poverty and develop individual potential.
Analysis: Stellar displays key policy documents and bylaws in the website. It looks like they display a good level of transparency with regular and robust monthly’round ups’. The Foundation recently announced they will be giving away $125 million worth of XLM as an airdrop.
Mission: The Litecoin Foundation is a non-profit organization registered in Singapore with the mission to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
Analysis: they have aboard, a few directors and have also listed volunteers. It looks like a very lean foundation based on what the website shows. They also display their unaudited financial statements on a monthly basis. As Litecoin is pushing to be the cryptocurrency of choice for payments, they have displayed a list of consumers, merchants and payment processors on their website.
Mission: support development, empower the community, educate and promote and represent Dash.
Analysis: It has published bylaws, meeting minutes and provides updates, but the latest update looks like in 2016. Things are more updated in its main website with their governance model shared here. They have a robust Dash Proposal platform as well.
All the above is a very preliminary view on an analysis of a few foundations but am sure when we develop a team to find the best models to operate, we can take the best practices to develop as solid foundation for NEM. Let us go strong on governance!
Opening this conversation to research on other foundations or best practices that you would like to encourage for NEM.io Foundation.