Blockchain industry executives sign petition over regulatory issues

Rage Review : The Muskoka Group is a blockchain development discussion group jointly initiated by Don Tapscott and Alex Tapscott, authors of the book "Blockchain Revolution", and composed of members of internationally renowned institutions such as the Blockchain Hyperledger Project, the Linux Foundation, ConsenSys Systems, and Bloq. With the escalating problems faced by the Ethereum community and the controversy over Bitcoin expansion, more and more people are aware of the need to conduct horizontal and vertical research in various industries and fields, grasp the overall picture of the blockchain ecosystem, and improve the relevant management system in order to enable the blockchain to develop rapidly on a stable basis.

Translation: Annie_Xu

Senior executives from many blockchain companies and projects have signed a document calling for attention to new blockchain management issues.

The signatories include 14 corporate executives who have built multiple open source distributed ledgers and leaders of well-known profitable startups, forming a group called the "Muskoka Group."

The document was released just after a two-day management seminar co-hosted by Don and Alex Tapscott in Muskoka, Canada, at which organizers said attendees were concerned about the “face” of blockchain technology.

Don Tapscott

Don Tapscott told the media:

"There is a strong feeling that a tide is needed to carry all boats."

Specific measures that participants will take include exploring how the "Blockchain Hub" can use SGN (Global Solutions Network) to raise start-up funds and whether it should build a "network of networks to facilitate community union."

Signatories of the document include Brian Behlendorf, managing director of the Hyperledger Project, Perianne Boring, founder of the Chamber of Digital Commerce, Joseph Lubin, founder of ConsenSys Systems, Matthew Roszak, founder of Bloq, Pindar Wong, chairman of VeriFi, and Jim Zemlin, executive director of the Linux Foundation.

Action Decision

To achieve the project’s goals, Muskoka Group hopes to help document signatories better collaborate with “leaders at the municipal, federal and supranational levels” to develop a blockchain development strategy by forming a “roadmap and action plan.”

To facilitate this collaboration, Muskoka Group also proposed launching a “joint research project” to explore how blockchain technology could impact industry, government and society.

Part of the file shows:

“Areas where the world needs horizontal research investigations include supply chain, asset tracking, marketing and management. There is also a need for vertical research in certain industries such as banking, insurance, healthcare, retail, manufacturing and government.”

Therefore, Tapscott discusses how governance issues are jeopardizing the widespread adoption and application of blockchain technology.

Tapscott concluded:

"It is important to be clear that the boundaries between decentralization, self-discipline and chaos cannot be confused. This ecosystem requires us to better coordinate and cooperate."

The event may have been prompted by recent technological changes in the blockchain space, which has left the Ethereum community struggling, and escalating disputes in the Bitcoin community over how to increase the network's transaction capacity.