Blockchain stakeholders form Muskoka Group to discuss governance of blockchain technology

Rage Review : Don Tapscott, CEO of Tapscott Group, gathered dozens of industry leaders to form Muskoka Group, and came up with 10 strategies to further advance the development of blockchain technology. Muskoka Group is an open platform for cooperation, popular science and innovation, aiming to promote the development of blockchain technology in industry, government and society. They hope to develop a development roadmap in the near future to accelerate the maturity of the blockchain field.

Translation: Nicole

Recently, Canada’s leading technical experts in the digital currency field came together to discuss the governance of blockchain technology, a topic that stakeholders have been trying to reach a consensus on.

Governance isn’t closely tied to blockchain technology, the technology that powers bitcoin and other digital currencies, but that hasn’t stopped technologists from trying it out.

Don Tapscott, CEO of the Tapscott Group and co-author (with his son Alex) of the book Blockchain Revolution, hosted dozens of industry leaders last week on the patio of his home in the Bayfront community of Muskoka, Ontario, Canada. In the end, the industry leaders and Tapscott came together to come up with 10 strategies to further the development of blockchain technology.

Don Tapscott

Prior to the meeting, Tapscott told CryptoCoinsNews:

“Blockchain technology is not a panacea.”

This means that blockchain systems cannot evolve incrementally by themselves.

Who is who?

After their meeting on Lake Ontario, these collaborators formed a team called the Muskoka Group.

The group's website states:

“Muskoka Group is an open platform for collaboration, education and innovation, aiming to promote the development of blockchain technology in industry, government and society.”

Tapscott said summit attendees were attending the event in their personal capacity, not as representatives of the blockchain-related organizations they currently work for.

Most of the participants are executives closely related to blockchain associations and funds, such as Jim Zemlin, executive director of the Linux Foundation, Brian Behlendorf, executive director of the Hyperledger Project, Perianne Boring, founder and president of the Chamber of Digital Commerce, and Ana Lopes, board member of the World Wide Web Foundation.

Ready to strike

Will the blockchain industry accept the rules drafted by Muskoka Group? Early adopters of blockchain technology, which allows secure transactions without the need for a third party, like the decentralized nature of the system because it can securely connect and transfer data — but they are skeptical about how the technology should be used.

But there are precedents for blockchain, such as the Internet Engineering Task Force, the Internet Governance Forum, and the Internet Corporation for Assigned Names and Numbers — nonprofit-driven strategies that could provide a reference for blockchain technology.

The website states:

“The purpose of the gathering is to discuss how to enable the blockchain ecosystem to develop efficiently and ensure that blockchain technology can maximize its potential.”

The group's resulting report includes a ten-point action plan that strongly encourages further development of the ecosystem and calls for global action, mutual communication, and win-win cooperation.

They hope to develop a roadmap in the near future that will include community members and government leaders. Members want to strengthen strategies, increase trust, and enhance opportunities.

Specifically, it is to take advantage of the Blockchain hub launched by Tapscott's Global Solutions Network. In addition, the report proposes to use current teams, including the Linux Foundation and the Chamber of Digital Commerce, to accelerate the maturity of the blockchain field.

After the meeting, Tapscott told Bloomberg News:

“Perhaps this is the beginning of a new form of collaboration that aims to promote the healthy development of the blockchain ecosystem and in doing so ensure that blockchain technology can achieve its full potential.”