On March 3, 2020, the Tezos Foundation announced that in order to support the rapid expansion of its blockchain, the Tezos governance structure of the ecosystem will be changing to allow the Council to step back from daily management and to give room for the installation of an executive team.

As per the announcement, the Council will continue to serve in its primary function as a strategic and supervisory body. Concurrently, an executive team that reports to the Council will be installed to implement the Foundation’s strategy and administer its day-to-day operations.

Consequently, the roles so far covered by the President of the Foundation will be subdivided into two different functions. An Executive Director, who is not a Council member, will lead the Foundation’s executive team, and a Chair of the Foundation Council will lead the governance and supervision matters of the Foundation.

The current President of the Tezos Foundation, Ryan Jesperson, has informed the Council that he will not seek re-election and will not be a member of the Council after April 30, 2020.

More About The New Tezos Governance Structure

In addition to hiring an Executive Director, the Foundation Council will also designate two new Council members.

It will seek to nominate these roles to proficient community members who have expertise in key areas relevant to the Tezos ecosystem. These areas of concern include strong professional track records, a founder or C-level experience in mid-cap or large-cap companies, or alternatively leadership experience in similar renowned blockchain ecosystems.

The Foundation revealed that a targeted search process has already been initiated for this purpose and that more info on the nomination process will be announced in due time.

The Foundation believes that the transformation of Tezos governance model will bring in better organizational practices and help to better execute the Foundation’s operations in a tough and competitive environment.

The transformation is set to begin in March 2020 and will likely be completed by Q4 of the year.

The Foundation’s Flexible Governance Blockchain

The report indicates that, without a good Tezos governance, decision-making will be at limbo. The community of participants, developers, and sponsors could rupture and split.

Indeed, that’s what once plagued BTC, prompting Bitcoin Cash to split off from the original Bitcoin. This same scenario also led to Ethereum Classic (ETC) to split away from the original Ethereum blockchain.

Luckily, such a scenario is highly unlikely at the Foundation due to a flexible Tezos governance structure that is self-governing at its core.

In essence, any token holder can propose an upgrade to the ecosystem, which is then voted upon by other token holders. If enough votes in favor, then the upgrade is implemented across the network.

