The Cognida Foundation will be a US-based 501c6, tax exempt industry association. Its roles include oversight of ongoing community development of the Cognida Platform, as well as administration of the Cognida Network.
Foundation members jointly oversee ongoing enhancements of the platform. This involves membership voting to issue proposals for new projects and selection of developers.
Cognida tokens will be the method of compensation for ongoing development.
Primary development enhancements include:
- API libraries for new blockchains
- New security services
- Open source decentralized applications
- Administration tools
The Foundation provides oversight and administration of the Cognida Service Network. Roles include:
- Recruitment of service vendors
- Oversight and enforcement of service network policies
Service network connection and transaction fees will provide the Foundation with funds for these ongoing services.