Go Immutable Q4 Update

Previous Updates

"Provide Top-Notch Technical Support"

"We have the ability to scale up tech as fast as the protocol demands. We also plan on maintaining tech specs in the top 15% of all Authority Servers."


--Collaborate with other ANOs for development

--Establish a platform for tracking progress of entities


--Onboard new enterprise clients

--Determine the needs of enterprise clients


--Four Testnet nodes


--Keep the community updated on any relevant news and allow standing parties to track progress
----Basecamp for project management
----Trello, Asana or Jira for development projects
----CRM to track relationships


"We’ve extensively modeled FCT price changes and have contingency plans for a worst-case -scenario ($5 FCT). Not only can we survive that scenario, but we would be willing to step up and run more servers should other entities drop-off. We’re also well-capitalized and have the ability to operate in the red for extended periods of time."


2 nodes: 50%
1 node: 50%
Relevant links:
- Forum Q+A
- Aggregated pledges
- Application
- Supporting documents
Here is a high-level breakdown of Go Immutable pledges as of October 3, 2018

We've changed system admin teams several times (once an attempt at enterprise-level support) and recently rebuilt our infra from scratch. Additionally, our servers did go down for a handful of minutes after we terminated our relationship with Rackspace (wow, what a coincidence :rolleyes:). We don't consider that "top notch." Most importantly though, both our rebuilt infrastructure and retooled support are now at a place we consider "top notch."

We pledged 4 testnet servers back when FCT was $30ish. This was dumb. No other way to put it. We are currently running 1 server because our capital is much better spent elsewhere. If there is a need for more servers on the testnet, we can step-up.

*We've worked closely with several development ANOs and look forward to continuing this relationship. I bother the crap out of them with questions. They can attest :)
*As far as establishing a platform to track ANO progress, Matt formed the "ANO Contribution Committee" and the committee decided to use Factomize as the platform.

We've been working our tails off to bring on enterprise clients/Fortune 500 clients. We've also had some conversations with the public sector. These sales funnels are long, unfortunately. However, we have a ton of good things in motion.

*We've provided a breakdowns of Go Immutable's progress on our blog:
*We use Basecamp and Trello on a daily basis

*Well, my modeling was accurate, unfortunately. FCT is at $5. As pledged, we are fine operationally and would be happy to run more servers.
*Also, we have not sold any FCT into the market (not that this was a pledge).

*Adhered to this pledge

*Partnered with Liberty Advisor Group (100+ consultants, Fortune 50 clients, public sector connections, etc.). GOI has been providing value to Liberty clients from a blockchain perspective. The goal is to onboard them to Factom. Yes, NDAs preclude us from talking about much of this, unfortunately.
*Public sector Factom conversations happening (that's all I can say)
*Building up sales channels outside of Liberty connections (logistics, pharma)
*Member of CompTIA Blockchain Cornerstone committee (along with Microsoft, Dell, and a half dozen others). CompTIA has licensed over 2 million IT professionals. They are second largest IT credentialing company (Microsoft #1). We are helping craft CompTIA's blockchain programs.

*Spoke with half a dozen law firms about obtaining legal support for community
*Helped establish Legal Research Working Group (grant recipient). Work with legal on decentralization, foundation, etc.

*Still working with insurers (Lloyd's) on getting custom insurance for Guides. As you can tell, we keep on moving up the ladder. We finally got to Lloyd's after a dozen or so hours of work/conversations.

*Marketing committee co chair through September
*Constructed list of industry PR contacts
*Provided community with marketing roadmap (20 plus pages)

*Formed "ANO Contributions Committee"
*Reviewed all 21 pledge campaigns, google forms, and forum posts from ANO Round 1. Consolidated pledges into 40+page Word document
*Currently leading this process (yep, literally the one you are doing right now :smile)

*Constant participant in all things Governance (grants, standing parties, tiering, voting procedures, etc.)
*Attended vast majority of Guide meetings
*Attended all ANO meetings
*Constant provider topics to be discussed during ANO meeting
*Multiple in-person meetings with ANOs. Many more phone conversations.
GENERAL STATEMENT ON INITIAL PLEDGES (originally posted October 3, 2018)

The price drop in FCT has hit a lot of ANOs hard. Go Immutable is no different. Additionally, with a project as young as ours, things change. An endeavor that seemed like a good idea at the time may not make sense a few months down the road. Therefore it's Go Immutable's position that ANOs not so much be measured based-on adherence to their pledges, but instead be measured on whether they provided the equivalent amount of time/effort/energy/output that their initial pledges would have required. For example, the price of FCT forced an ANO to mothball a DEV project. Fine. But, did the ANO find other, less costly ways to further the project? Did they participate in committees? Did they help on testnet? Did they write content for the neutral website? Are they providing value on Factomize? Basically, are they moving our project forward? If so, a failed pledge is not a big deal in our eyes.
Current Update: Go Immutable Q4 Update
Q4 Go Immutable Update

1. We are lowering our efficiency to 30%

*Go Immutable has dedicated a tremendous amount of time and effort to furthering the protocol since its launch. We estimate we're near the to in regards to contributions made to the protocol. In our opinion, we've drastically exceeded our campaign pledges and have been a key player in regards to advancing the protocol.
*Additional FCT revenue will be put towards endeavors that will grow the protocol as opposed to GOI member payouts
*We also strongly believe in incentives. By "incentives," we mean "rewards." For those of you that are psychology/human behavior nerds, you already know that providing a proper reward structure creates desirable behaviors. In the Factom (R) Protocol's case, a proper incentive structure would encourage ANOs to dedicate more resources (time and money) to helping the protocol grow. That's a huge win for all ANOs, FCT holders, etc.
*Without a tiering system, efficiency is a messy topic. Therefore, here's our view:
*Under-performing ANOs, in regards to their campaign pledges, should raise their efficiency
*ANOs that are on par with their campaign pledges should keep their efficiency at what was pledged
*ANOs that are overachieving should lower their efficiency
*An ANO's efficiency needs to be inline with the value they provide to the protocol
*This methodology ensures three things:
*ANOs operate under a "prove it" model. Meaning, they are judged by their actual output.
*ANOs are incentivized to provide more time and resources to growing the protocol
*All efficiencies are inline with value provided to the protocol
*We'll be putting our money where our mouth is on this one and leading by example

2. Enterprise Client relationships
*These are progressing. Nothing to announce yet though. We need to be careful about his after having a CIO question us about one of our previous ANO updates on Medium. :( They obviously value secrecy. We'll do our best to communicate effectively with the community about our progress.

3. CompTIA Blockchain Cornerstone Committee
*As a reminder, CompTIA is the second largest IT credentialing entity in the world, having licensed millions of professionals
*Mission complete. Educational materials are being created and the Committee has been wound down.

4. We were asked to join the CompTIA Blockchain Advisory Council
*Other companies on this committee include Microsoft, Dell, RedHat/IBM, and about a dozen others.
*CompTIA’s Blockchain Advisory Council (BCAC) will represent the Blockchain industry by bringing together blockchain thought leaders. The BCAC will work together to provide valuable resources and tools to help businesses, executives, engineers, and more to adopt blockchain technology as well as those selling blockchain applications.
*There will be quarterly meetings rotating between various cities in the USA with potential speaking opportunities at conferences and educational workshops

5. ANO Pledge Contribution Working Group
*Collected and publicly posted all pledges from PDFs, Forum Q/A, and official application. This was essential for ANO accountability
*Confirmed accuracy of pledges with all ANOs
*Question and Answer period for all ANOs
*Solution created for ANOs to provide community updates as well as take questions from the general public
*Having concluded its mission, this committee is in the process of being wound down

6. Legal Research Working Group (extremely high-level)
*Decentralization/Security Analysis
*Non-Profit/Foundation exploration
*Trademark/Rebranding/IP solution exploration
*CLA/Licensing Issues

Not going to go into details here since this is a public thread other than to say that this has been a monumental undertaking. Thank you to @Shuang Leng for all of her hard work over the past 4-5 months and thanks to @Nikola for his legal contributions over the last month.

7. ANO and Guide Insurance
*Two more calls about Guide insurance since our last ANO update. We're simply awaiting a quote at this point.
Hey @Matt Osborne, thank you for the update.
I noticed that since the hitch about the marketing campaign for the protocol website I basically haven't seen @gforst getting involved publicly with the community (on channels I have access to on the forum or Discord at least). Would any of you be able to comment on Greg's current involvement with Factom? Any chance to see him come back anytime soon? Thanks.
@Paul Bernier ,
Greg here. Still contributing behind the scenes. Some other recent activities were attending the summit in Austin, driving new business relationships, meeting with Matt on a weekly basis and attending CompTIA Blockchain Counsel meetings.

Q1 I am hoping to ramp up my involvement with the marketing committee. Q4 is the busiest time of year for my other business so lots of bandwith is spent there.
I want to clearly state here for people to understand the truly massive undertaking that the legal working group has been for @Matt Osborne , and the incredible job he has done on it. I believe he has pulled the weight of a 50% ANO just on that project alone, and the project would not be a success without him. I am, and I believe we all should be, deeply appreciative of the work GoI has done to date on our governance and legal, and I am excited to see what additional resources will bring from GoI.