The overall aims and objectives of the Red Foundation are:
With the creation of the RED token, and new commercial and open source Red projects being planned, it was decided that a new governing body should be created to formalize aspects of governance and organization that weren’t needed before. Drawing clear lines, setting boundaries, and laying down rules will help eliminate confusion and conflict between commercial and open source projects, rights, and assets. Adding blockchains into the mix only increases the need for clarity.
The Red programming language open source project’s assets have been moved to a non-profit foundation, the Red Foundation, which will define the rules of RED token usage, among other things. We are closely following how the OAX foundation, Aragon and other DAOs operate and will seek partnerships to help build an optimal organization. Voting rules and intra-community modes of operations for RED tokens will be defined and codified by the foundation.
Peter has enjoyed a complete career cycle. He started programmming and then through system design, project management, software development management, account managment, training management, senior management, management consulting returned back to programming. He worked for Unilever, Electronic Data Systems and as an independent consultant. He has led organizations with more than 1,000 employees and managed professional teams of more than 200 software engineers. He is equally at home working on his own with just a laptop for support.
Peter is experienced in non-profit organization governance having served on the board of a UK college of further education, acted as a trustee of a UK pension fund with assets of more than £30 million and served on the governance committee of a non-profit international school.