Dozens of blockchain companies and project executives jointly signed a 'Declaration of Action' to call for attention and solutions to blockchain governance issues

Recently, executive representatives from top leadership of a wide range of blockchain companies and projects signed a letter calling for attention to blockchain governance issues.

Calling themselves the “Muskoka Group,” the group includes 14 executives, including leaders of various open-source distributed ledgers and directors of prominent for-profit companies.

The letter was published yesterday following a two-day working session in Muskoka, Canada, hosted by Don Tapscott and Alex Tapscott. Don said he found attendees focused on the ‘governance issues’ surrounding distributed ledger technology.

Don Tapscott says:

“We felt strongly that there needed to be a solution that would address the issues facing all companies and projects.”

Participants will seek concrete steps, including exploring how to fund a 'Blockchain Hub' through the use of the Global Solutions Network (GSN) programme, and whether to create a "network to help bring the community together".

The signatories of the letter include Hyperledger head Brian Behlendorf, Digital Trade Association founder Perianne Boring, ConsenSys founder Joseph Lubin, Bloq founder Matthew Roszak, VeriFi chairman Pindar Wong, Linux Foundation director Jim Zemlin, BitFury chief global communications officer Jamie Smith, etc.

Solve problems through action

As part of this effort, the group hopes to develop a “roadmap and action plan” to help signatories better collaborate with “leaders at the city, state, federal, and international levels” to develop blockchain strategies.

To promote cooperation, the group also proposed a "joint research program" to study how blockchain technology will affect industry, government and society.

The letter states:

“The world needs horizontal research in some areas, such as supply chain, asset tracking, marketing and management. Others need vertical research, such as banking, insurance, healthcare, retail, manufacturing and government.”

To that end, Tapscott spoke about how regulatory issues are harming the perception of the technology more broadly and hindering its wider adoption.

Tapscott said:

“It’s clear that decentralization and self-organization should not be confused with being unorganized. We need better cooperation and coordination in this ecosystem.”

The move comes after the ethereum community was clearly struggling following its recent hard fork technical changes, and comes amid ongoing debate in the bitcoin community over how to scale.