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Foundation

vbuterin edited this page Feb 21, 2015 · 3 revisions

The Ethereum Foundation is a non-profit organization registered in Switzerland, and has the purpose of managing the funds that were raised from the Ether Sale in order to best serve the Ethereum and decentralized technology ecosystem.

To that end, aside from its expenditures supporting Ethereum development, the Ethereum Foundation is also participating in a number of industry collaboration efforts.

Cryptocurrency Research Group

The Cryptocurrency Research Group (see: http://ccrg.org) is the first multidisciplinary cross-industry research organization dedicated to solving the hard problems in cryptocurrency, including technical issues of consensus and scalability, development and evaluation of game-theoretic mechanisms useful in many kinds of smart contracts, as well as legal and practical issues relating to the intersection of the cryptographic world and the real world. The CCRG will be involved in funding projects, organizing conferences and maintaining materials such as a forum, wiki and blog with high-quality curated information relevant to cryptocurrency research and design.

W3C

Ethereum is participating in the W3C Payments Group (see http://www.w3.org/blog/wpig/2015/02/19/web-payments-ig-meeting-in-utrecht-getting-my-feet-wet-and-moving/) with a view to making sure that the ongoing standardization work keeps open space in the specs for current and future work on non-repudiatable payments, cryptocurrencies and even smart contracts. The W3C Payments Group is a moderately large, diverse working group with a variety of interests from the technology, finance and fintech sectors, with a strong interest in user privacy and security. These are primary goals of the group because there are the areas where the web's current payment solutions are weakest: large scale credit card fraud is a major driver here. We anticipate further involvement in the group will be fruitful and productive. We are still learning how the W3C standards process works, it's a complex organization with lots of history, but we hope to be able to make sure that future specs in this area are supportive of our needs and the needs of other players in the cryptocurrency and cyberfinance space.

Legal Collaboration

The Ethereum Foundation is participating in and contributing, both financially and with the active involvement of our members, to a number of efforts involved in legal and regulatory outreach for the benefit of the cryptocurrency space. We proudly support the Coin Center, a non-profit organization based in Washington dedicated to researching the legal implications of cryptocurrency and engaging in policy advocacy efforts, as well as other efforts that will soon be revealed.

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