The Telos community has elected its new Telos Foundation Board in an entirely smart contract-based on-chain transfer of power. Smart contracts are algorithms that carry out pre-programmed instructions, eliminating the need to rely on a third party or centralized authority to keep track of things.
Ms. Waitherero will serve on the Board of Directors as an Advocate for the whole blockchain community. The job also comes with the authority to direct the blockchain’s efforts and promote the development of its dApp ecosystem.
Before 2019, Ms. Betty was a familiar face on Kenyan TV networks debating government and political issues.
She is now convinced that blockchains have the capacity to revolutionize every aspect of life as we know it.
Given her expertise at the nexus of green energy and blockchain technology, the new board member was an intriguing candidate. The Telos blockchain is being used by her biomass energy extraction firm to handle its supply chain.
Telos claims to be a less expensive and speedier alternative to popular blockchains, and it’s ‘built for impoverished people,’ according to her.
According to Telos:
“The supply chain process will be managed by blockchain, and in this regard they will be partnering with the Telos Foundation Environmental, Sustainability and Governance group as well as building their DApp on Telos.net.”
Betty aims to help make Telos the most preferred digital payments network in Africa, noting her ability to assist increase membership to a critical mass as one of her objectives.
“Specifically, being able to tap into an existing and urgent need for reliable cross border payments, reliable KYC facilities, and ID for undocumented Africans across the continent.“ says, Betty Waitherero
Holders of the Telos Foundation governance token were entitled to run for one of nine board positions during the week of December 24th 2021 to January 4th 2022.
Users may vote through the platform’s web interface, which would almost certainly require a crypto wallet. Telos also used a Google Play Store app to conduct voting.