If you missed the meetup and want a better understanding behind how the European Blockchain Association governance works take a look at the video above. In the video you’ll get a high level overview of the motivations behind governance as it stands as well as diving into the wider implications of decentralized governance of sociotechnical systems.
If you want to dig a little deeper into the EBA governance you should take a look at the our governance summary. If you’re interested in a deep dive into the actual documentation download the EBA governance and read it for yourself.
EBA members are entitled to actually contribute to the governance procedures by making pull requests to the EBA github and actually modifying the code. The goal of decentralized governance is solve problems that the architects of the governance and its technical implementation didn’t anticipate. In that spirit, member contributions to the code are most welcome!
A huge thanks goes out to the meetup organizers, participants and speakers!
The European Blockchain Association has reviewed its DSAO governance model from a Pan-European legal perspective and is able to publish the initial findings.
The full potential behind the use of blockchain technologies is strongly associated with the concept of the “Decentralised Autonomous Organisation (DAO)”. DAOs enable the individual members of an organisation to interact with each other in an autonomous and automated manner without involving any central party, ultimately removing any need for a middleman as well as facilitating digitalisation and automation of processes.
Supported by blockchain technology’s core feature acting as the single source of truth between independent parties, DAOs can be automated and implemented in code through the use of smart contracts. The early advent and hype around DAOs has, however, faced severe limitations mainly due to legal and other governance considerations. The lack of a central party in a DAO setup makes it difficult to remain in compliance with the various laws applicable in the field of AML, KYC, securities or VAT regulations and additionally complicates fundamental governance questions for communities.
DSAO – A unique RegTech response by the European Blockchain Association.
In response to the unworkable, legal aspects of DAOs, the “European Blockchain Association (EBA)” has started off with the bold vision to come up with a legally-compliant alternative to the DAO model without comprising its revolutionary approach. With this in mind, the EBA has developed and implemented a novel governance model called “Decentralised Semi-Autonomous Organisation (DSAO)”. It ultimately incorporates many of the great benefits of DAOs based on blockchain technology with a legal model fitting well into the existing legal & regulatory landscape.
The EBA itself is the very first user of this new DSAO model and has been established as an “eingetragener Verein (e.V.)” or association in Germany. Compared to DAOs, the EBA’s DSAO model differs in two key ways:
The incorporation of the DSAO as a legal entity
The installation of a detailed set of governance processes involving the appointment of a (human) Board of Directors as well as an independent (human) appellate body to resolve disputes (Blockchain Arbitration Forum in the case of the EBA).
Like the ordinary DAOs the EBA’s DSAO utilises a cryptocurrency-based incentivisation scheme (CrowdstartCoin XSC) and a decentralised voting system leveraging blockchain strengths.
The EBA conducted a pan-European survey on the legal aspects of the DSAO model.
Having started with the bold ambition of developing a legally workable alternative to the DAO model, it was very important that the EBA assess the legal fit of the DSAO model in other European jurisdictions for the first proof of concept. Relying on a model which comes with significant legal shortcomings in other jurisdictions would not be an option since the principles behind decentralisation call for remote collaboration across the globe! For this purpose, the EBA has drafted a pan-European survey reflecting on various legal matters to take into consideration for the deployment of the DSAO model. The survey is divided into three parts:
External representation of a DSAO
Tokenisation of membership in a DSAO
Exchange of value within a DSAO
During Q2 2019, the EBA was already able to obtain the first responses from various lawyers and governance specialists for several European countries including Germany, France, Italy, Lithuania, Malta, Slovakia, and Switzerland.
EBA’s key findings from the pan-European survey on the DSAO
We have summarised our initial key findings for the seven European jurisdictions in the following illustrations.
The EBA keeps further evaluating the legal fit of the DSAO model and is strongly committed to building collaboration models incorporating the principles of DAOs. In particular, we are also happy to assist you in case you are interested in taking the DSAO approach to the implementation stage!
Further on, we will also plan to discuss the key implications and some country highlights in the course of one of the upcoming EBA meetups.
We are proud to announce that the European Blockchain Association is an official partner of the Value of Bitcoin Conference. The first-time event takes place on the 3rd of June 2019 and brings together people from different fields and with different opinions on Bitcoin. By doing so, the conference aims to create a multifaceted dialogue about bitcoin.
of Bitcoin Conference will take place on the 3rd of June in Munich,
Germany. The talks will be held by 20 international speakers, who are renowned
experts on their fields. More than 150 Attendees, among which you can find
numerous innovators and thought leaders, are predicted to join the conference. The
event is organised by the blockchain experts DW Innovate and the Bayern LB
(Bavarian State Bank), who want to promote a lively discourse about the
potential possibilities and downsides of Bitcoin. More specifically, the
organizers want everyone in the audience to gain a comprehensive understanding
of the matter in order to make informed choices about bitcoin in their
of the European Blockchain Association have the possibility to acquire
discounted tickets for the conference. If you are interested, please go to our
exclusive member area for more information. We are looking forward to a day
full of interesting discussions and innovative ideas around bitcoins.
Topics Discussed: The EBA’s legal basis as a German association, new options for augmenting member profiles aka EBA Cards, a pan-european survey of WGGov, and XSC as a means of exchange of services
In this April’s update round, we shared our excitement about the imminent entry of the EBA in the Munich court register – a process that finally comes to its end.
Following this, we discussed new enhanced editing options for EBA Cards:
Each EBA member can now present herself to let others know about her interests and to start conversations based on her expertise. We recently added a number of new fields and options allowing members to add much more information to their profiles. Thus, the EBA Card could become a valuable asset in a blockchain expert’s CV.
After these more administrative topics, we had the pleasure of watching Working Group Governance steward Kevin Leuthardt presenting preliminary results of the first pan-european survey of the legal and regulatory impacts of Decentralised Semi-Autonomous Organisations DSAOs, such as the EBA itself.
It was great to see that Kevin managed to get valuable feedback from different countries on a topic which itself is quite sophisticated. Here’s the link to the preliminary results. It would be absolutely great if each EBA member could check in her personal rolodex (for younger members: that’s the archaic version of a contact network) if there are more potential target persons (i.e. European lawyers) we could invite to answer the survey! Please feel free to distribute this link to everybody who matches this requirement.
Let’s say a BIG THANK YOU to Kevin and Rebecca to take care of this survey – great work!
We concluded the update round by discussing how to implement Crowdstart Coin XSC as a means of exchange of services in EBA. On the one hand, we need to find services for EBA members that are valuable in order to justify the member fee, on the other hand, XSC shall be used to exchange services among EBA members individually. Ideas how to foster XSC are welcome – please add them on Slack!
As a foundational technology, Blockchain and other Distributed Ledger Technologies DLT are the basis for future data-driven businesses and applications. The Blockchain-inherent decentralisation means a paradigm shift not only for technical architectures and processes, but also for business models and society at-large. For enterprises and their managers, understanding Blockchain and DLT will be an essential component of their future work.
Together with one of Germany’s leading universities, Technische Universität München TUM, and Enterprise Blockchain company Datarella, the European Blockchain Association offers the brand-new program Certified Blockchain & DLT Manager on one of the most promising but also contentious technologies: corporate leaders learn how to implement and manage Blockchain and DLT, and how to unlock its potential for the enterprise.
This Certificate Program covers the technical, business, social and legal aspects of blockchain-based solutions in a balanced and unbiased way. The target groups of this program are both people with IT and management background – employees in companies who are to be developed into Blockchain Managers, distinguishable in:
a) Technically oriented occupational groups
b) Business management oriented occupational groups
The program starts on18 September 2019 and will take place in 2 modules over a course of 5 days. Lecturers, amongst others, are: Prof. Dr. Florian Matthes (TUM), Michael Reuter (Datarella) Prof. Dr. Joachim Henkel (TUM), Florian Huber (chain.de / Paradigm Ventures), Prof. Dr. Jürgen Ernstberger (TUM) and Prof. Dr. Isabell Welpe (TUM).
We are happy to announce that the European
Blockchain Association is now an official partner of the Armenian Blockchain
Association Nooor. The non-profit organisation Nooor was founded in 2017 and connects
and supports various stakeholder in the blockchain realm, thus following the
same goals as we do.
Both the European
and the Armenian Blockchain Association are built on the pillars of education,
community and a strong network in order to foster economical and personal
growth among the members. Furthermore, our shared purpose is to build a bridge
between Central Europe and Armenia for start-ups, corporate businesses,
developers and other blockchain experts to create a powerful network of
blockchain enthusiasts by joining our forces. We believe that a cooperation between
our two associations is going to bring major benefits to all our members in
reaching their goals and in building a sustainable international network.
this cooperation brings both organisations one step closer to their overarching
goal of creating an internationally active blockchain hub for their respective
areas. Through the exchange of thoughts on ongoing research projects and by sharing
relevant results, we hope to foster the innovation process and to enable
real-life applications of the findings. With a strong and well-established
network of partnerships with Blockchain supporters worldwide and especially in
eastern Europe, Russia and the Middle East, Nooor is the ideal partner for us
to further expand our network and to offer access to those regions to our
We are looking forward to cooperating with Nooorand learn and thrive together. We will be working hand in hand to bring Blockchain with all its benefits to the next level and to establish an all-encompassing network of Blockchain supporters. The European Blockchain Association will keep you updated and share the progress with you on this blog.
event of both organisations is the blockchain summer camp in Munich and Berlin,
where blockchain enthusiasts from Armenia and Europe share their knowhow.
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Governance of decentralized systems is a matter of numerous debates in technological, as well as political and sociological circles. For the European Blockchain Association EBA, we have created a comprehensivegovernance model, based on existing, widely accepted regulatory frameworks, such asEclipse, orApache, as well as based on our practical experiences creating and working with blockchain networks.
Our governance model specifically addresses the needs of our organisation which is designed as a decentralized semi-autonomous system DSAO: starting as an association (legal entity) based out of Germany, EBA is set to incentivize all members in a way that no central incentive will be needed to run and bring the organisation forward. A token-based incentive scheme is used to reward members for adding value to the organisation.
Beside being organised by its governance model, the members of the organisation must have the ability to change its own governance model – i.e. the ability of self-regulation.
Finally, the EBA governance model has been designed in accordance with other existing and widely accepted regulatory frameworks, such as Eclipse and Apache, in order to facilitate the acceptance with potential members.
These three key principles, the ability of self-regulation, being based on accepted regulatory frameworks, and the integrated incentive scheme, should constitute a sound basis for a successfull start of our decentralized semi-autonomous organisation.
The European Blockchain Association – as a decentralised semi-autonomous organisation – relies on the active participation of its members. Beside acknowledging the intrinsic motivation of each EBA member to actively add value to the ecosystem, the EBA supports and rewards useful community activities by distributing crypto currency CrowdstartCoin XSC.
CrowdstartCoin XSC is an ERC20 crypto currency that was created in 2017 by Crowdstart Capital CSC in order to reward developers who add valuable code to the blockchain ecosystem. During the launch of the European Blockchain Association, CSC decided to donate 40% of its total XSC supply to the EBA.
EBA will provide each new member at the successful membership application with the same amount of (free) CrowdstartCoins XSC. In the first phase, each new member will receive 2.000 XSC.
The EBA uses CrowdstartCoin XSC for two purposes: first, XSC will be rewarded to EBA members that add value to the EBA community, and second, XSC will serve as the internal currency for the exchange of goods and services within the EBA community. Please see below the first version of the EBA benefits catalogue with the respective amounts of XSC per benefit and per year. Each member may make use of her CrowdstartCoin XSC to pay for the respective benefit provided by the EBA.
European Blockchain Association Benefits Catalogue (All amounts of XSC as per year)
500 XSC – Digital use of the official European Blockchain Association logo
1.000 XSC – Use of an individual European Blockchain Association eMail address @eublas.org
2.000 XSC – Offer consulting, graining and other services to European Blockchain Association members
2.500 XSC – Lead a working group
3.500 XSC – Start a local European Blockchain Association hub
5.000 XSC – Start a national European Blockchain Association hub
This catalogue will be changed and extended over time. If you have questions or suggestions regarding the catalogue, feel free to join the conversation in the official EBA Slack channel eublas.slack.com.
Today, we welcome Crowdstart Capital as a new member of the European Blockchain Association! Crowdstart Capital, or CSC, will take over the EBA accelerator node with the mission to promote blockchain-based startups throughout Europe.
As part of the deal, CSC will bring 40% of the total amount of their Crowdstart Coin XSC crypto currency. XSC has been around for some time in the crypto space. It has been distributed by CSC for free to reward developers and engineers for adding valuable code to the blockchain community. You can read more about the CSC story here.
We at the EBA will distribute XSC to our members – as a starter when they actually become members, and throughout their membership for activities and assets they add to the blockchain community. We are in the process of defining specific activities and will publish a list of these, later on. Our goal is to use XSC as the EBA’s currency, or the financial lubricant that facilitates the EBA incentive scheme.
It’s an experiment and we can’t guarantee that it will work out as expected. We probably will have to adapt the scheme now and then, and we are open for suggestions for improvement. Feel free to contact us and discuss the Crowdstart Coin XSC with us!