2020-05-03 10:30
Read: 78

Since the initial announcement of the 2nd VeChain Foundation Steering Committee Election, the Foundation team has been receiving nominations and well-intentioned contacts across the globe from various industries. In the meantime, the Foundation nomination committee has been assessing eligible candidates and proactively searching for industry leaders and other prominent persons of intention to join the committee election.

From the very beginning of designing the governance model, the Foundation realizes the importance of having a diverse and functional Board of Steering Committee. It is also the Foundation’s responsibility and obligation to ensure the selection process runs smoothly. The goal of having a quality selection of potential candidates also serves as the overarching aim of the 2nd Term Steering Committee election. Once the nominated candidates are elected democratically by the VeChain ecosystem stakeholders and community, the new Board of Steering Committee will serve to represent all stakeholders in the VeChain ecosystem, facilitating the efficiency of decision making and ensuring the fairness and effectiveness of the execution on all fundamental matters regarding the ecosystem.

As the world grapples with the COVID-19, the pandemic now negatively affects and disrupts social and economic activity worldwide. We are seeing a large reduction in business meetings and the implementation of strict travel and border restrictions across the world. Unfortunately, with most of our nominees and candidates located in different countries and subjected to various social and travel restrictions, it has been increasingly difficult to schedule and plan for in-person and face-to-face meetings. In the event of a post-election, we are of the view that it will be difficult for newly elected candidates to have a grounded mutual understanding with all parties involved and take the responsibility to serve as one of the SC members.

Since the full control over the pandemic cannot be accurately known or predicted, the Foundation would like to disclose the current situation and our intention for all stakeholders to reach a consensus of defusal. With the agreement of current SC members, the Foundation would like to formally propose the postponement of the 2nd VeChain Foundation Steering Committee Election to June 30, 2021, in which during this postponement period, the board will be chaired by current SC members as they are.

In accordance with the latest Governance Charter, the proposal has been published on the VeVote platform for all stakeholders to cast their votes.

Direct link to the VeVote proposal (Access the link through Sync or VeChainThor Mobile Wallet to vote)

The ballot will be open between May 8, 2020 10:00 AM to May 15 10:00 AM (UTC+8). The option which receives more weighted votes based on the voting authority model prevails will be the final decision.

Voting Authority:

Once the ballot is closed, the Foundation will announce the final results within 48 hours.

The VeVote platform can be accessed by using Sync or the discover tab of the VeChainThor mobile wallet. With the smart contract of VeVote, the entire process of voting and ballots will be recorded on the VeChainThor Blockchain. All stakeholders will be able to see all upcoming and completed voting events, and the details of each proposal.

With the release of VeVote, all stakeholders are now empowered to determine the future of the VeChainThor blockchain which signifies a milestone step towards greater decentralization of the VeChainThor blockchain.












VeVote平台的功能完善标志着唯链生态治理向去中心化又迈出了重要一步。基于该平台,唯链生态内的超级权益节点、经济 X 节点以及经济节点持有者将对治理拥有更多参与权,推动唯链区块链平台科学持续的长期发展。