Drummond Reed 

• Drummond Reed mentioned that ToIP Glossary Workspace is a primarily aimed at helping trust registry and trust spanning protocol specs within Technology Stack WG. The aim is for these specifications to have a complete and hyper-linkable vocabulary similar to W3C specs.
• To facilitate this, they have created a workspace using Google Docs to compile and track the terms they are using. The workspace contains a glossary of terms with definitions and sources. The terms are hyperlinked within the document, allowing easy navigation and reference. The glossary has been continuously expanding with contributions from Drummond Reed, Neil, and Reeks, among others.
• Most of the terms (80%) refer to external resources.
• Drummond wants the GSWG to also contribute to this glossary document.
• End goal is that this glossary works for all of the specs/WGs. If a mark-up is used, then specification specific glossary can be produced.

Discussion

• Neil Thomson mentioned that there are whole bunch of terms that needs to be made more crisp/clear (e.g. trust) from a governance perspective. The importance of looking at issues from an overall perspective, considering both technical and governance aspects. He also discussed about different types of trust including two extremes of trust: the mathematically provable trust and administrative trust. Overall, Neil seems to emphasise the importance of clarifying and standardising concepts, governance models, and trust mechanisms within ecosystems to enable better interoperability and comparison between different systems.
• Drummond Reed highlighted that comparing governance frameworks can be challenging, especially when considering different components of the stack or different types of blockchains.
• Savita Farooqui concurred that comparisons of governance frameworks can only be limited to if whether or not they contain the core elements, such as decision-making processes, people, policies, practices, and incentives, the implementations can vary significantly.
• Carly described a set of conditions for trust registry:
  1. Interchange Std (e.g. API)
  2. CRUDA rules of the list (Create; Read; Update; Delete; Archive)
  3. Governance Authority (GA) Identifier
  4. Peer GA endorsements

Action Items

• Scott Perry along with Drummond to craft an email to WGs to solicit volunteers for this task
• Drummond Reed to
  • cleanup comments in the ToIP Glossary
  • make a list of what needs to be done

  • host this document outside of ToIP Google drive so that we can provide access to folks outside of ToIP and there are no IP issues involved

Drummond Reed 

Governance Framework Demand Curve:

• Drummond Reed

• coming from attending recent conferences (EIC, Identiverse) he felt there has been some progress in adoption, especially with the first generation governance frameworks, templates and the tooling that were developed earlier.

• Digital wallets and and verifiable credentials are starting to make some serious progress in in the market.

• Drummond received a message from a partner who mentioned that for the ecosystem to scale, 'a very thoughtfully designed Trust Framework' is required While previously the industry was not so keen, it appears the industry is now getting around the trust framework which is essentially the governance framework.