The Cardano Ecosystem (ADA) has a complex management structure not unlike the way American democracy operates, with its internal checks and balances.
There are three main members: The Cardano Foundation, EMURGO, and IOHK. The new CEO of the foundation, Frederick Gregard, said governance will become more complex as more organizations join. He also said that he intends to keep the foundation independent of Cardano’s founder and president of IOHK, Charles Hoskinson, who created the structure in the first place:
The Swiss Enterprise Law states that we must be independent. That’s why it’s interesting, and why Charles decided to create it this way, because he really feels that the people who will defend the Cardano Protocol in the next generation have to be independent. ”
The Foundation’s mission is to promote the “Cardano Protocol”. It also maintains a protocol company that is currently IOHK, although the contract expires later this year. With the Voltaire era coming to an end in a few months, the community will soon vote to renew the contract with IOHK. In the unlikely event that IOHK is unable to get support from the community, another developer will be hired to take his place.
While there was a major rift between the two in 2018, it appears the relationship has improved since then. IOHK is an independent organization and although it focuses on Cardano, it also works with other projects. For example, several solutions have been suggested recently on Ethereum Classic. EMURGO was originally created as the investment arm of the ecosystem, but it appears to have evolved into a wider tech company since then.
Gregard admits that Hoskinson is more than just the CEO of Cardano’s development, and that there may be times when they turn their heads toward Cardano:
Charles started a project with one of his colleagues. Therefore, there is no doubt about his intelligence and farsightedness. But he runs a grocery company that needs grocery deliveries. <...> I am sure there will be fights over priorities and some places where we think, maybe with society, that we will go a little to the right, Charles will be a little to the left, and we must agree on this together. ”
He said that after having worked with Hoskinson for the last 6-12 months (as a counselor at PwC), he has a good sense of the relationship, although he doesn’t expect it to be easy. Gregard is a staunch supporter of decentralization. In his view, it represents a viable alternative to the current state of the world, where gigantic tech platforms such as Facebook and Google manipulate their users.