Introduction of IBAX Organizational Structure and Vision
In order to better promote the continuous operation of the IBAX network and breakthrough innovation, IBAX established the Foundation, IBAX Foundation's governance structure is mainly aimed at project management efficiency, perfection, sustainability and security. And the establishment of the Board of Directors and management by the Board of Directors, the Foundation's Council structure consists mainly of the Technical Committee, Operations Committee, Audit Committee, Advisory Board.
The members of the Board of Governors are recommended representatives from each of the Foundation's subcommittees. The members of each subcommittee are appointed once a year by cryptographers, blockchain experts, software engineers, business elites, and management personnel with relevant industry experience to focus on developing, deploying, and maintaining the IBAX network. The Board of Directors is responsible for formulating key strategic issues and is committed to the continuous development and advancement of the IBAX blockchain. The Board of Directors will select functional committee heads to oversee the various operational departments of the Foundation, and the committees will represent the entire IBAX blockchain network to balance the interests of all parties.
The Technology Committee formulates technology strategies for IBAX based on development trends, develops technology standards, processes and specifications, reviews technology solutions, organizes talent for technology development, promotes the implementation of unified core technology selection, and externally expands technology influence.
The Operations Committee operates IBAX's marketing-related matters, formulates annual plans for marketing and implements them, and carries out long-term planning for the implementation of commercial applications. Responsible for the external publicity of IBAX's various platforms and community operations, develop community incentive strategies and implement them to enhance the external influence of IBAX.
The Audit Committee reviews, approves and monitors the Foundation's annual budget, financial position (including all ecological asset holdings), use of proceeds and its major transactions; and is responsible for the review of IBAX's technology strategy and legal compliance review.
Advisory Board to IBAX development ideas, business cooperation, talent introduction and technology exchange, etc. to provide professional advice and recommendations and decision-making; to provide IBAX with a variety of resources to accelerate the growth of IBAX.
The Council is responsible for initiating and organizing nation-wide voting on major matters on the IBAX blockchain platform, such as fundamental adjustments to the consensus mechanism or technical parameters; decisions on temporary unexpected and urgent matters and other matters that the Development Committee considers necessary for network-wide voting.
As you can see from the foundation structure, we are balanced in all aspects and the board members are fully compatible with each other. Not only do we want to build a solid technical foundation, but also plan for the sustainable development of commercial applications.
The vision of IBAX Network is to build a set of open blockchain underlying infrastructure that is secure, fair, simple, efficient, zero-tolerance to fraud, and highly compatible! We use blockchain technology to create a credible underlying business infrastructure environment, improve business efficiency, reduce barrier costs, and hopefully become a unicorn in the blockchain world.
IBAX can be understood as an underlying trust transfer protocol that establishes a trust pipeline for all parties in the business ecosystem construction, making collaboration and cooperation easy and efficient, and allows for the rapid transfer of value resources, and the connection between points, lines and surfaces will have unlimited possibilities, and more importantly, IBAX technically ensures that fraud is infeasible.
Meanwhile, there cannot be only one single blockchain in our world to meet the needs of all business architecture, so it is said that "IBAX" is a huge blockchain network ecosystem that communicate through multiple data interactions, through compatible cross-chain collaboration, etc., to break through the barriers of the blockchain structure. This effectively connects the originally scattered industries and creates a compact network that firmly binds and intertwines the whole IBAX network.
IBAX wants to "become the infrastructure of the blockchain world", and with the support of IBAX's underlying technology, we hope to become an essential carrier in the blockchain world. Everyone can realize their own applications faster and cheaper with the technical support of IBAX. Just like public transportation in the real world, everyone can get on board and arrive at their destination safely and quickly.