Director election 2021-1


We are proud to announce Factom’s first ever Director election. As a newly created role following the unanimous ratification of Doc 008, the Factom Director is charged with setting strategy, putting community resources to work in pursuit of executing on said strategy, and being overall responsible for the protocol’s day-to-day activities.

The Director will be overseen and monitored by the yet-to-be-formed Factom Council, a body of three entities representative of Factom stakeholders. Council elections are scheduled for a later time.

Entities will now have the chance to announce their Factom Director candidacy, to be voted on by Standing Parties, with the term set to start on March 7th. Each candidate is free to submit their desired compensation. We recommend that prospective Director candidates apply as corporate entities rather than as natural persons.

Candidates are welcome to announce their candidacy by creating a thread within the Director Candidates subforum on the community platform, subject to the timeline below:

Threads created to announce candidacy shall be structured as follows:
  • The thread title will only contain the name of the candidate. If the candidate is an entity, the name should be the entity name and representative.
  • The body of the thread will include the information the candidate wants to present to the community, including the information of the natural person that will represent that entity to serve as a Factom Director.

Please see the Director + Council framework document for further information on the role:

Please also see the Governance Administration document, Section 7, for further information on this particular election procedure:

Timeline (UTC)
2021-02-06 00:00 Seven day candidacy submissions open.
2021-02-12 23:59 Candidacy submissions close.
2021-02-13 00:00 The start of the four day question and answer period.
2021-02-16 23:59 The end of the four day question and answer period.
2021-02-17 00:00 - 23:59 The 24-hour period for candidates to answer any remaining questions.
2021-02-18 00:00 The start of the three day voting period.
2021-02-20 23:59 The end of the three day voting period.
2021-03-07 00:00 Director term starts