Governance
The Concordium Foundation is a Swiss-based non-profit with the goal to build the world’s leading open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology.
Introduction
The Concordium Foundation is supervised by the Swiss authorities, with a clear purpose defined in its Public Deed. The Foundation Board is tasked with ensuring that the Concordium protocol continues to develop and remain relevant to the needs of users within the parameters of the Foundation's purpose.
Concordium CCD Stakeholders will assume a central role in suggesting and determining the priorities for the Concordium platform through the Governance Committee, whilst the Board will act as a guarantor that the Concordium principles of privacy with accountability and the Public Deed of the Concordium Foundation (Link) are adhered to. The Foundation Board will retain the role as supreme body of the Foundation after full decentralization, but key functions will be delegated to the Governance Committee.
After the Launch of the Mainnet
The Concordium Foundation Board will appoint a Governance Committee with five members to oversee the governance decentralization process, the on-chain governance mechanisms, and the tokenomics, including the CCD growth rate & inflation. At this stage, the Governance Committee is 100% appointed by the Concordium Foundation Board.
Upcoming stages
Mainnet + 2 years
CCD Stakeholders appoint two members of the Governance Committee by on-chain vote, expanding the Committee from five to seven members. The Governance Committee can propose changes to the protocol on-chain.
Mainnet +4 years
CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, expanding the Committee from seven to nine members. Stakeholders can propose changes to the protocol and vote on the changes on-chain. The Governance Committee will oversee the implementation and ordering of decisions made by the Stakeholders.
Mainnet +6 years
CCD Stakeholders appoint two further members of the Governance Committee by on-chain vote, replacing two of the initial five Committee seats appointed by the Foundation Board. The Committee’s total membership remains at nine members, with two seats up for election every year. CCD Stakeholders can implement changes to the protocol. The Governance Committee acts as the executor of decisions passed by the Stakeholders.
Mainnet +8 years
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