Open Libra, a blockchain platform, is embarking on a mission to create a blockchain that serves humanity without being influenced by venture capitalists. Unlike traditional financial, technological, and corporate norms, blockchain technology has been hailed as revolutionary. Its ability to disrupt industries through the use of an unchangeable digital ledger has been showcased through numerous case studies and testimonials.
However, not all blockchains are created equal. While many cryptocurrency and blockchain projects have embraced corporate structures and the Silicon Valley startup mentality, there are those who believe that technology can be developed with a community-centric approach rather than being driven by CEOs and corporate boards.
In an interview with Cointelegraph, Zaki Manian, a contributor to Open Libra Network, described the project as a response to the corporate nature of modern blockchain. The team behind Open Libra started the project three years ago with the aim of building a robust, open-source blockchain that can grow alongside its community.
One of the key principles of Open Libra is that it has been developed without the support of venture capital funding. This enables the project to think long-term, without the pressure to deliver short-term returns to financial backers.
According to a spokesperson for Open Libra Network:
Ultimately, Manian envisions a future where the value and utility of the project are driven by the community. He believes that the community should have a significant say in the project’s direction and aims to create a platform that allows them to create new use cases and tell better stories.
Rather than viewing assets solely as currency, Manian sees owning an asset on a blockchain as having a voting right. This means that the Open Libra community has the power to shape the project’s future.
As Manian explained to Cointelegraph:
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