Statement from Cardano Foundation
Cardano Foundation (CF) is aware of the concerns of some in the community via comments on social channels. In light of this we would like provide some further context on the issues raised around the audit and also about the work of the Foundation.
With regards to our audit work, back in November 2017, IOHK invited the CF to audit the build of Cardano SL. Ensuring stakeholder accountability is one of the key objectives of CF so this was an exciting prospect and a natural fit. The audit of Cardano SL was proposed with the intention to thoroughly review the code, technical documentation and operating procedures of Cardano’s Development team. CF engaged FP Complete, an independent Haskell specialist firm, to carry out these audits.
The first audit report was shared with IOHK in December 2017 and reports have been sent every month since, the last one being August. The idea, agreed and supported by IOHK, was that the reports would become public for full transparency.
The first public audit report was released in February 2018, it was agreed with IOHK that CF would share these reports with the community monthly. Since the first public report was released, CF have not received feedback from IOHK on the audit points raised, CF felt it counterproductive to highlight audit points to the community without showing a balanced response from the auditee. In order to release fair and objective audit reports, CF believe the best approach is to allow IOHK time to adapt to the process and CF remains hopeful of releasing the next audit very soon.
CF believes that this collaborative approach is in the interest of project harmony and will benefit Cardano in the long run. CF is excited to be able to share the extensive and valuable work carried out by FP Complete over the past 9 months.
The Cardano Audit Reports discussed above should not to be confused with the Haskell Library Reports. The Haskell Library Reports are a separate initiative that CF and FP Complete are working on. Whilst carrying out the auditing of the Cardano SL code, FP Complete noticed areas within the public Haskell Libraries, not built by IOHK, that could be improved. Following discussions CF decided that their findings should be made public. These reports benefit both Cardano and the wider Haskell community, which we are pleased to support. CF has now released two of the Haskell Library reports, the last being released yesterday and committed to this project.
In addition to the audit work, CF continues to work on a wide range of initiatives to add value to the Cardano ecosystem. Our team based in Switzerland and the UK have grown, engaged with and educated the Cardano community. This includes setting up a global meetup network with over 6000 participants in 27 countries, moderating a range of official online communities creating a safe place for the community to connect and encouraging interaction between IOHK or Emurgo and the community. We have an active high-quality research programme, that to date has produced a number of reports looking at the application of Cardano and wider blockchain technology. We also sponsor and collaborate on projects that benefit Cardano, this includes integration of Ada on the Ledger wallet and debit cards.
Lastly, CF are aware of the need to provide transparency as to CF’s Ada holdings and addresses . Our plan is, and always was, to release a full statement after the regulatory filings are complete (scheduled for the end of September 2018). In the interim we can confirm that CF has used none of it’s Ada allocation and that it commits to using these resources for sponsoring community projects, rewards and grants that benefit the protocol and wider industry.
Hopefully, the above points provide some clarity and further context. While we are fully aware we have a long way to go, we are completely committed to continue scaling CF in a sustainable way. CF has a very important responsibility within the project to remain, non-profit, independent and objective.
At times this will cause friction between us and our fellow partners, we see this as a healthy environment for the project to thrive within. With independence and an objective view we can ensure that discussions, decisions and actions ultimately benefit the project. With this unique perspective we will continue to help balance the work and interests of both the community and the for profit entities that carry work out within the project. Our planning for our 2019 activity is well advanced and we will be communicating further in coming weeks, while continuing to absorb feedback and ideas from the community.