Discussion: Governance of ICS - RMIT AADAO Project Update
Governing ICS Relationships Authors: Darcy Allen , Chris Berg , Sinclair Davidson We are a team of economists from the RMIT University Blockchain Innovation Hub working on a project funded by the ATOM Accelerator DAO (you can read more about the project announcement here ). Part of our contribution is to strengthen governance in Interchain Security (ICS) relationships to ensure they are robust and mutually beneficial. The long-term success of the Atom Economic Zone (AEZ) requires effective governance between producer and consumer chains in ICS. In this post we provide a progress update and seek community feedback. Through identifying contracting hazards in ICS agreements, we suggest two improvements to future agreements: • Regular review processes (touchpoints to aid agreement adaptation); and • A governance body for each ICS agreement (each producer-consumer chain relationship forms a governance body). Note this is part of a broader program of work, including broader deliverables on how the Cosmos Hub could think about navigating the structure of ICS agreements (e.g. revenue share structure) with different chains. Security as a make-or-buy decision Security…
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Thank you for the thoughtful post @darcyallen It is great to see RMIT bring its expertise in blockchain based social coordination to the Cosmos Hub and it is also great to see your first findings. Very glad to see these conversations happening. AEZ is growing and the need to structure and anticipate is only growing stronger. On your first recommendation regarding implementing regular ICS review processes, I have a few questions: • Who is preparing those reviews? It would make sense for the ICS body you referred in #2 to be the lead driving those reviews since its members are already dedicated their time to ICS governance. Maybe it’s obvious it’s the case, just wanted to make sure on this specific point • Are these reviews purely for information purpose or can they be accompanied with decisions such as change in the % revenue share? On the second point regarding the establishment of an ICS body composed of members from Hub and consumer chain, it does make a lot of sense. How the members of this body would be chosen needs to be carefully thought out as proper representativity is key and available tooling for choosing and electing is limited. This leads me to another…
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