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Infrachain Summit 2020: Blockchain governance & Blockchain in finance – Day 2 report

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Day2 of Infrachain Summit 2020 was kicked off by keynote speaker Guillaume Déchaux, Global Head Strategic Sales and Business Development at ConsenSys. He elaborated on why governance of a blockchain consortia is a key criteria of success. Déchaux stressed that good governance is need at three levels: strategic & business governance, operational governance and network governance.

Bill Laboon, Technical Education Lead at the Web3 Foundation, then presented an overview of Polkadot governance. He shared insights on some of the trade-offs and rationales behind specific decisions, as well as some specific governance decisions that have already occurred on Polkadot. Some noticeable features he mentioned were that Polkadot features an on-chain treasury function and that the quorum to accept a vote increases as the number of voters decreases.

Hadrien Zerah, Adoption manager at Nomadic Labs, presented the self modification characteristic of the Tezos protocol, coupled with an on chain governance mechanism which eliminates the dependence to hard forks to implement innovation. Providing the link with the second topic of the day, Hadrien closed with a financial asset tokenization use case.

Next, Cassidy Daly, Token Design & Cryptoeconomic Research at Centrifuge, explained how to bridge DeFi and the Real World by using token models to minimize trust in real-world assets for DeFi. She elaborated on Centrifuge’s work on a system to incentivize the valuation of real-world assets and assessment of risk. As she explained, decentralizing these actions will result in efficiency, quality, and reduced risk to the system which, in turn, will enable more people to access the financial system through DeFi and thereby unlock value that has previously been inaccessible.

Scorechain’s CEO Pierre Gérard then explained how to seize the cryptocurrency market opportunity and generate revenue in a compliant way. He showcased how to implement a risk-based approach and to fulfil international regulatory standards.

Compliance was also a key topic for the last use case of the day presented by Christopher Fernandez, Founder and CEO at Block Gemini. His presentation focused on using DLTs to enhance contract compliance in supply chains. The presentation was based on a solution that is currently being integrated into one of the largest procurement companies in the world and is estimated to save them millions in operational costs and eliminate contractual disputes with their partners.

Read what happened on Day 1 and Day3.