Governance Working Group
Information Regarding Veteran Blockchain Investment Firm:
Veteran is one of the pre-eminent blockchain investment firms and thought projects. Veteran seeks to invest in the top entrepreneurs, developers and leaders fostering innovation and providing real-world applications and solutions in the blockchain economy.
Can you please expand on this? How will the nodes be monitored? Who in your team/directly hired personell/third party admin team will be able to operate and debug the factomd-instance? Could you expand on "a timely manner"? Thanks!We maintain 24hr redundant response capability of our administrators. Our nodes will be monitored at all times and notifications will be sent to our administrators to alert them to potential issues. In the case of emergency restarts, our personnel will be available to respond in a timely manner as has been demonstrated during the testnet.
In our conversations with David Johnston, it was highlighted of primary importance that sustainability is key to success of Factom with regards to running the authority set. We feel that the efficiency levels provide adequate contribution to the pool while mitigating risk and our firm is open to increasing as the risk factor decreases. Our intentions in furthering the protocol will occur through re-investment of our own funds in addition to the efficiency levels pledged to the pool.Thank you for your application.
A. Can you share how you came to choose the 25% / 30% Efficiency levels? For example, are those based upon certain calculations you can provide?
Our firm encompasses members who possess TS/SCI security clearances that allow us to access institutions, departments and organizational structures within the United States government that no other firm can provide. Factom Inc and the protocol can leverage our firm to increase the potentiality of scope as a vehicle to reach a much broader and deeper audience than they would be able to without us.Hello Gentleme!. Could you guys elaborate on what makes you one of the pre-eminent blockchain investment firms? Thanks
We will further the protocol by contributing to the pool. Additionally, our intention is to expand the protocol usage and scope by providing a vector to the U.S. government customer base. There significant numbers of government organizational structures that require transparency. We will act as a medium to incorporate them into the Factom framework, thus furthering the Factom protocol through usage and legitimacy.Aside from running servers, how else do you plan to help Factom grow? Thanks!
We have shown that we can maintain the authority set through the testnet with minimal system administrators on payroll. Because of the significance of uptime to the authority set, we are in the process of hiring additional system administrators that provide sustainable around-the-clock coverage in addition to as needed surge capacity. Part of our hiring strategy is to hire veterans who possess clearances, certificates and qualifications that provide a way for our firm to maintain the authority set optimally and profitably. If selected, server reliability and uptime will not be an issue. Regarding monitoring, through software and community developed open-source code we will be able to maintain and monitor our nodes to ensure the health and reliability of the authority set. We will also utilize guard nodes who are monitored for intrusion and potential threats to the authority set and will report to the community to ensure everyone is aware of the threats and tactics of adversarial actors. One of our system administrators possesses an information security background that provides another level of expertise to protect our nodes and ultimately the protocol form threats. Timely manner - we have demonstrated the ability to immediately respond to emergency restarts in the testnet. Our firm will have personnel available to immediately respond to issues with the authority set. Should our efficiency not meet the threshold of expectation, then it will be self-critiquing as we are demoted from the authority set. Because of this, it will be of the utmost importance that we are responsive and maintain personnel on call who can respond to emergency situations.TH #1
Can you please expand on this? How will the nodes be monitored? Who in your team/directly hired personell/third party admin team will be able to operate and debug the factomd-instance? Could you expand on "a timely manner"? Thanks!
Could you elaborate on the amount of mainnet nodes and why you operated these mainnet nodes?Yes, mainnet nodes were operated prior to testnet establishment. The nodes were operated for approximately two months and ceased operation when the testnet came online to focus on the testnet development and advancement.