The Baseline Protocol Execution Review and Rating (SVET)


A business / management part of BP is as much labyrinthine as anything else within its corporate realm. The 'Governance' file on GitHub stipulates that "The Baseline Protocol is governed by the Ethereum OASIS Project Governing Board under the OASIS Open Projects Program." and "… The Board includes representatives from Ethereum OASIS Open Project Sponsors that have committed to the Entity Contributor Licensing Agreement. … "

Currently, this board consists of reps from only three organizations: Ethereum Foundation (Swiss non-profit foundation 'Stiftung Ethereum', which was created in 2014 to finance Ethereum growth), ConsenSys (founded by Joseph Lubin in 2015 to support Dapps development on Ethereum) and 'Enterprise Ethereum Alliance' (founded in March 2017 to incorporate Ethereum into large, established institutions, includes about 150 members). However, it's not yet everything, which BP has to offer on the side of its 'structuring'. There is also 'Technical Steering Committee', which 'directs the day-to-day technical activities of Baseline'.

This Committee includes, on top of already mentioned big corps bodies (plus Ernst & Young, Unibright and Chainlink) a number of smaller companies such as:

  • TSC Chair (a consulting boutique associated with one of the ConsenSys employees);
  • Aztec (London based startup which promotes its own 'privacy protocol');
  • Provide (a small non-DLT comp selling to its clients 'payments solutions');
  • Web3Labs (another startup from England, which markets its own SDKs for blockchains);
  • Splunk (non-DLT 'data platform' which works with big corps);
  • and, as organizers put it on their web page, 'Code (zic!) Convergence' (which is, in fact, 'Core Convergence' - a small tech consultancy firm based in San Francisco).

    Overall, it would be very intriguing to see how productive this aquarium filled in with 'big and small fishes' will be in 'directing day-to-day activities'. Besides, what is the real cost-effectiveness of BP for all involved parties remains a mystery to an outside observer. Therefore, I have to express my concern about those issues by assigning "c+" for 'Solution'. However, imho, the legal ('Validity') and 'Team' sides of this enterprise both deserve the firm 'a'.

    As to BP's Equity' (or the current states and its finance) it's yet another unknown in this corporate equation. Apparently, project organizers do promote 'decentralization' and 'openness' strictly up to the limits prescribed by their corporate agendas. Therefore, until further clarification I have to pull it down to 'c' level.

    Result for "Execution" (management): Solution (business model) - Validity (legal viability) - Equity (state of finance) - Team: c+/a/c/a

    For the original version of this article, please, refer to:

  • Source (Baseline Governance):
  • What Is SVET Rating?

    SVET Rating is the first public praxiological (human actions driven) rating. It takes into account combine effects of cognitive, emotional and social factors on the decisions of individuals and institutions dealing with crypto currencies and blockchain projects. Uses S.V.E.T. Metrics = System + Vision + Execution + Tokenomics. Includes 16 parameters. Accounts for main drivers of public behavior: technology, economy, organization and psychology. Integrates insights from independent experts and everyday users

    • Security (safety): for defenders (
      - The Protector: Warm-hearted and dedicated, they are always ready to protect the people they care about.
    • Velocity (scalability): for megalomaniacs (
      - The Commander: Outspoken and confident, they are great at making plans and organizing projects.
    • Engineering (design): for geeks (
      - The Architect: High logical, they are both very creative and analytical.
    • Transparency (decentralization): for crypto punks (
      - The Crafter: Highly independent, they enjoy new experiences that provide first-hand learning.
    • Singularity (uniqueness): for individualists (
      - The Artist: Easy-going and flexible, they tend to be reserved and artistic.
    • Volume (market): for globalists (
      - The Performer: Outgoing and spontaneous, they enjoy taking center stage.
    • Empathy (enthusiasm): for tribes (
      - The Persuader: Out-going and dramatic, they enjoy spending time with others and focusing on the here-and-now.
    • TimeLine (road-map): for visionaries (
      - The Mediator: Idealistic with high values, they strive to make the world a better place.
    • Solution (business): for dealmakers (
      - The Director: Assertive and rule-oriented, they have high principles and a tendency to take charge.
    • Validity (legality): for lawyers (
      - The Inspector: Reserved and practical, they tend to be loyal, orderly, and traditional.
    • Equity (finance): For venture capitalists (
      - The Advocate: Creative and analytical, they are considered one of the rarest types.
    • Team: for friends (
      - The Caregiver: Soft-hearted and outgoing, they tend to believe the best about other people.
    • Sustainability (stability): for sages (
      - The Thinker: Quiet and introverted, they are known for having a rich inner world.
    • Value (venture): for adventurers (
      - The Debater: Highly inventive, they love being surrounded by ideas and tend to start many projects (but may struggle to finish them).
    • Engagement (usability): for pragmatics (
      - The Giver: Loyal and sensitive, they are known for being understanding and generous.
    • Transactions (speed): for travelers (
      - The Champion: Charismatic and energetic, they enjoy situations where they can put their creativity to work.

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