It looks like with the restructuring that the foundation members will now have less day-to-day work. Will their compensation remain the same for less work? What will fill that time now? Have they simply been doing more work than they should have been?
While the governance structure of the Foundation is changing to allow the Council to step back from day-to-day management duties, the Council will continue to serve in its primary function as a strategic and supervisory body. The basic mandated duties, as defined in the Foundation’s Notarial Deed, will be adhered to. Concurrently, the composition of the executive team that reports to the Council is in the process of being adjusted. The Executive Committee implements the Foundation’s strategy and administers its day-to-day operations.
As of the beginning of the new term (May 1 2020), Council members no longer receive compensation for day-to-day management duties. Additionally, two of the three council members who were part of the Executive Committee in the past, and who were separately compensated for their day-to-day management duties, have left the Foundation Council (Ryan Jesperson and Ryan Lackey).
What class of Dapps do you feel will be the most beneficial to the Tezos ecosystem in the early stages? Any particular dapps you guys are excited about?
While the Foundation has prioritized digital assets, DeFi, CBDC, payments, and gaming use cases, and has already supported a number of projects building many of the tools necessary to attract more builders and entrepreneurs across these verticals, we recognize that there are a wide variety of other use cases, some of which likely have yet to be imagined. The Foundation is committed to supporting dapp development that will help execute the Foundation’s mission to foster the growth and evolution of the Tezos project and ecosystem.
What is the status of CBDC? I know the bank of France is in the works? Any other?
Notwithstanding the recent public attention on CBDCs, and following an in depth analysis of the space, we believe that the entire topic of CBDC is still in a very experimental stage and the question of whether or not Central Banks would adopt public or private chains, and at what level of their stack, is still completely open.
For now there are a couple of pilot projects in different jurisdictions on the way, but there are no indications that Central Banks, except maybe China, are seriously planning to deploy CBDCs in the short- to mid-term.
Regardless of the very early stage of CBDC-related projects, we have been in direct and indirect talks with various Central Banks over the last 6 months and are planning to participate in related public offerings for pilot projects. However, we are unable to reveal details on these projects due to NDAs in place.
On the technical front, teams within the Tezos ecosystem have been working on a Tezos private chain solution, and details will be published as soon as the project is more advanced. Also, our engineering teams are aware that Tezos needs to adapt to the constantly evolving CBDC requirements, and with on-chain governance Tezos is uniquely well-suited to do so. The respective timing seems to be aligned with the overall advancement of the CBDC projects more generally and potential use cases.