Governance

At Dock, we’re creating a network for everyone. We believe that the network’s full potential can only be reached through a decentralized, open network of governance and collaboration.

It will be resilient because it has no single point of failure and it is not reliant on any single entity or individual to make strategic decisions about its ongoing development or roadmap. These choices will be made collectively, by all stakeholders, as Dock evolves into an increasingly decentralized governance structure.

Non-profit association

Networks that are owned by a single entity will never be as widely adopted as those that are open. The Internet is a prime example of a vast, lively and varied ecosystem. Would it be as popular if it were owned by Google?  

However, such open networks still need a form of governance or management if they are to move forward coherently. Who will decide what should be developed next, who will carry out the work and how do we drive network adoption.

With longevity and fairness in mind, Dock has established the Dock Association, a non-profit organization dedicated to: overseeing the network’s roadmap, establishing and providing ongoing governance, and overseeing the promotion of the network.

The Association is based in Switzerland, favored due to the legal clarity it offers around cryptographic tokens, such as Dock’s utility token. In the coming weeks and months we will hand pick council members to sit on the council's board and look after the interests of all stakeholders so expect some announcements in the near future. Watch this space.

Evolution

Dock’s governance will be a combination of off-chain and on-chain governance and will transition from a largely centralized approach to one that is democratic and enables all stakeholders to have an ever increasing say in how the network is run.

This will be an evolution rather than a binary process in order that the devolved governance is proven to be effective and to enable time for features that facilitate on-chain governance, such as voting and staking, can be integrated into the network.

This evolution will involve 3 major stages:

Vulcan 1 (PoA Network)

At this stage, a network actor called Master will exist and it will in effect have super user access to the network performing any function from upgrading source-code to enabling/disabling/changing block rewards. During this phase, which is expected to last for between 2 and 4 months, the network will not support any proposals or votes from token holders.

Vulcan 2 (PoA Network)

A new governance phase that sees democracy being introduced to the network in the form of proposals and the introduction of the council - a group of individuals who sit on the board of the non-profit Dock Association - who are selected to manage the network on behalf of its members. The members of the Council and any holders of the Dock token will be able to propose changes with the council voting on each proposal.

Proof of stake

As the network transitions to Proof of Stake consensus it also reaches the third phase. The validators will no longer be selected by the Dock Association or the Council, and instead will be selected through the Web3 Foundation’s Nominated Proof of Stake (NPoS) scheme.

The Master account will cease to exist during this phase (estimated to be reached during Q2 2021), and token holders will be invited to vote on all changes to the network. For example, Council members will be elected by token holders through staking of tokens rather than being selected by the Dock Association. In addition, token holders, as well as the Council, will now be able to submit proposals. Once a proposal is selected for voting, token holders will vote on the proposed changes.

Learn more about Dock governance