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Decentralized governance for SSI and Blockchains with Lawrence Lundy-Bryan

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https://ssimeetup.org/no-such-thing-decentralized-governance-ssi-blockchains-lawrence-lundy-bryan-webinar-26/
Lawrence Lundy is a partner and head of research at Outlier Ventures, a venture platform that supports the development and growth of emerging technologies. To do this we advise and invest in talented teams, and support businesses which create value for an open data economy.

Today, most crypto projects are governed by the open-source development tradition based predominantly on Linux and the foundation model instigated by Ethereum. These structures are not robust enough if we are to build inclusive equitable global public utilities. On-chain governance solutions are a step in the right direction but are liable to concentration of power in a technocratic elite with the time, knowledge and reputation to vote and decide on policy changes. The separation of powers (trias politica) model which forms the basis of almost all liberal democracies provides a more appropriate framework than traditional corporate governance or full on-chain governance.

This talk will explore how crypto networks could experiment with an executive (implement law), a legislative (create law) and a judiciary (interpret law). Three network branches would formalise powers and act as necessary checks and balances on power consolidation. Regular voting and term limits would prevent power grabs by stakeholders, and formalised laws would build trust in the system by users that don’t want to participate in governance directly. A separation of powers will form the foundation of a social contract between the network and users and bring legitimacy to digital public utilities going from Self-Sovereign Identity (SSI) to any other decentralized or Blockchain based technology.

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Decentralized governance for SSI and Blockchains with Lawrence Lundy-Bryan

  1. 1. No such thing as decentralized governance in SSI (or Blockchains) Lawrence Lundy-Bryan Partner & Head of Research This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
  2. 2. 1. Empower global SSI communities 2. Open to everyone interested in SSI 3. All content is shared with CC BY SA SSIMeetup.org Alex Preukschat @SSIMeetup @AlexPreukschat Coordinating Node SSIMeetup.org https://creativecommons.org/licenses/by-sa/4.0/ SSIMeetup objectives
  3. 3. i. Outlier Ventures ii. The Convergence Stack iii. Problem: How to govern digital communities with their own money? iv. Solution: Separation of powers v. Implications for SSI This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
  4. 4. We advise and support the development of emerging technologies for an open data economy Outlier Ventures is a venture platform that supports the development and growth of emerging technologies. To do this we advise and invest in talented teams, and support businesses which create value for an open data economy. Established in 2013, we were Europe’s first venture firm dedicated to blockchain technology. As early investors in the space, we foresaw the coming together of key technologies like AI and IoT with blockchains – which we termed ‘Convergence’ in 2016. We have developed an industry-leading investment thesis, based on the convergence of decentralized technologies with other advancing technologies including artificial intelligence, robotics, and the Internet of Things. The convergence of these technologies will support a new open and decentralized data infrastructure. This creates next generation data technology which will drive the evolution of the next internet paradigm “Web 3.0” We work with seed and growth stage startups as well as larger businesses who are committed to the vision of an open and decentralized data infrastructure. Our team is 30 people strong, with a global presence including London, Toronto, Chicago and Amsterdam. With specialists in token economics, research, legal, marketing, and technology, we bring a powerhouse of support to founders and partners.
  5. 5. The Convergence Stack Who are we At Outlier Ventures we support the development of emerging technologies for an open data economy. Refined over the past five years, The Convergence Stack is a set of decentralized technologies that are needed to replace the broken Web and enable a new more equitable Data Economy. Covering hardware, software, networking and applications, the stack underpins a private, secure, and accessible digital infrastructure. We believe these technologies are vital in ensuring the benefits of technologies like the IoT and AI are shared equitably. SSIMeetup.org
  6. 6. Problem: How to govern digital communities with their own money? Technology <> Society -- Global digital public utilities too valuable/societially important be controlled by a single network owner -- Moral not technical questions This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
  7. 7. Solution: Separation of powers The Executive - Implement law (Core Devs) -- The Legislative - Creates law (Foundation) -- The Judiciary - Interprets law This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
  8. 8. Implications for SSI Inclusive vs efficient decision-making -- Standards vs Corporate vs National governance? -- Not software; global public utility This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org
  9. 9. No such thing as decentralized governance in SSI (or Blockchains) Lawrence Lundy-Bryan Partner & Head of Research This presentation is released under a Creative Commons license. (CC BY-SA 4.0). SSIMeetup.org

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