Filecoin Foundation appoints initial staff and board members

The FileCoin Foundation has appointed a host of illustrious names to both its board of directors and advisory board following its mainnet launch this week

The Filecoin Foundation and the Filecoin Foundation for Decentralised Web have revealed their respective board of directors and initial staff.

The Filecoin Foundation is responsible for the governance of the Filecoin network and will support the community while accelerating the development of the ecosystem.

The foundation for decentralised web is its own independent entity and it will focus on charitable activities including building the decentralised web community.

The organisations’ Boards of Directors include the likes of blockchain law pioneer Marta Belcher, digital rights activist Rainey Reitman, and Hyperledger Executive Director Brian Behlendorf.

There is also a wide array of esteemed advisors ranging from the likes of Ethereum co-founder Joseph Lubin to Blockchain Association Executive Director Kristin Smith.

“The decentralised web can help us preserve humanity’s most important data,” said FF and FFDW Board Member Marta Belcher. “The centralised nature of today’s internet means that users have no choice but to trust intermediaries with their data. And the fact that file storage is essentially a monopoly means that there is a single point of failure for much of today’s internet.

“Decentralising the web can empower users, enhance security, and ensure that data can be stored reliably over time. We are so excited to launch these foundations to accelerate the growth of this important technology and to support the Filecoin and decentralised web communities.”

Filecoin’s mainnet went live this week following a record-breaking ICO that saw the company raise $205 million back in 2017.

Backed by Sequoia Capital, Andreessen Horowitz, and Union Square Ventures, Filecoin is a peer-to-peer file storage network based on blockchain technology.

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