16 July 2020

BGIN Online Meeting
18 June 2020, 13:00 - 15:00 UTC

Summary and Action Points
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Summary2.

Summary3.

Summary

General logistical matters- Ryosuke Ushida​stressed the following points:- Meeting content will be published under Chatham House rules.
- We will continue the discussion through a General Discussion mailing list.
- New mailing lists for the Governance Working Group and the IAM, Privacy and
Key Management Study Group will soon be on our website and all of ourdocuments on our GitHub repository.
Welcome remarks- Mai Santamaria​, an acting co-chair of BGIN, expressed her openness to explore
possibilities of what we could do with blockchain in a global context. She
highlighted the importance of connecting with diverse experts and generating
excitement and interest in the three “D”s: decentralization, digitalization anddecarbonization as well as the three “C”s: communication, collaboration and crosspollination.
- She summarized BGIN as a United Nations of blockchain communities, wheredisparate blockchain communities may convene.
Overview of BGIN and update from the March meeting- As a background about BGIN, ​Shin’ichiro​​Matsuo​, another acting co-chair of BGIN,
discussed the four key stakeholders which co-exist though with distinctly different
goals: Regulators, Engineers, Businesses, Citizens. A paramount goal is to find acommon language between these groups. Sometimes technology-based businesses
start before the technology has sufficiently matured. Similarly, business entities
and regulators could have conflict due to insufficient communication anddifference in speed.
- He presented the importance of multi-stakeholder governance and its
components: a common language, a process to enhance transparency, multilateral
stewardship, harmonization of technology, business and law. The goals of BGIN
are: 1) Create an open, global and neutral network for multi-stakeholder
engagement 2) Develop a common language and understanding amongst
stakeholders 3) Build anchors with academic institutions and create open-source
documents. Core Values include focus on real world impact, open and inclusive
network, discussion and decision making transparency, and neutrality.
- Key activities include online discussions with all stakeholders, with the aim ofpublishing documents including technology specifications, operational
specifications, and policy making inputs.

1- Member A​queried about the roadmap for changing policy. ​Shin’ichiro​discussed
how BGIN is modeled after Internet governance - BGIN is an open forum which will
result in documents being created by all stakeholders including policy makers,
which may be shared with each individual’s own country or organization. ​Mai
continued by explaining that while BGIN does not have a concrete roadmap as ofnow, BGIN could provide a forum for linking organizations, countries andindividuals to other fora where these roadmaps are developing, including the OECD
Blockchain Policy Forum and INATBA (European Commission).
- Member B​shared his experience in Silicon Valley at a Bitcoin meetup wherebitcoin enthusiasts accused him, as a regulator, of being ‘the enemy.’ He explained
how it is critical for disparate communities to engage to resolve conflicting values
and motivations.
- Member C​recommended to discuss the technical specifications in relation toISO/TC 307 and include inputs into the standardization group.
- Member D ​expressed concern about being coherent with regulators and policy
makers, that they may become confused if too many organizations, groups etcapproach and attempt to engage with them; that they may become overwhelmed
and unable to recognize the most reliable parties with which to engage.
- Regarding a question about regulator challenges, ​Shin’ichiro​answered that one ofbiggest challenges for regulators is consumer protection and financial crime
prevention. He added that this is an important topic for future discussions.
Action Points
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SummaryAction Points

5.

- To explore the possibilities to outreach global blockchain fora and discuss potential
partnerships
Governance WG- As an acting WG co-chair, ​Aaron Wright​presented the BGIN Governance WG key
document to date - an initial Terms of Reference (TOR) and its scope focusing onprioritising key activities. He emphasized that the WG will not have an operationalrole and its focus is on the governance of BGIN itself; that it is not a WG on
blockchain governance in general.
- Shigeya Suzuki​, another WG co-chair, stated that two goals of TOR are: 1) establish
an operational mechanism 2) define a long term Charter. In the short term, what isneeded is to develop day to day management, recruit and enable volunteers.
These activities are outside of the Governance WG remit. He also explained thatthey are evaluating communication tools.
- Member E​proposed forming a group to discuss and plan out BGIN’s
administration and day to day activities.
- Member F ​recommended to use Discourse, for polling functions etc.
- Member G​emphasized the importance of creating a taxonomy for Governance
WG.
- To call for volunteers on the General Discussion mailing list for support with theadministrative tasks and day to day operations- To call for contributions to the WG and start drafting initial set of documents
including by-laws through the discussion on Governance WG mailing list
- To evaluate and decide communication tools for the discussions
IAM, Privacy and Key Management Study Group (SGIP)

2SummaryAction Points
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Summary

Action Points
7.
Summary- As an acting SG co-chair,​Nat Sakimura​presented an overview of the SG and
explained SGIP objectives: to assess viability of a Working Group, and to create adraft charter for the WG. The goals of the WG written in the proposed charter
include to explore possible approaches to digital identity and access management
using blockchain/DLT, and to five considerations on reconciling conflicting needs
between privacy preserving and traceability for regulatory enforcement. He alsoelaborated on the scope and proposed deliverables[* Details are on the draft
Charter on the SGIP GitHub repository at
https://github.com/bgin-global/sgip/blob/master/draft_charter.md​] He also
defined the WG requirements that include understanding stakeholder pain points
and agreement on communication tools. He detailed that they are just proposals
and what matters is to fine tune the proposed charter and come to a reasonable
state when the WG is established.
- ​Member H ​introduced JFSA’s work in this area around privacy and traceability(​https://www.fsa.go.jp/en/policy/bgin/ResearchPaper_MRI.pdf​) ​He discussed thatstriking a balance between privacy preservation and traceability are some of themost difficult challenges for regulators, and finding a solution throughmulti-stakeholder discussions at BGIN is important.
- Shin’ichiro​added that any proposal on future work items are welcome, and that
we can utilize GitHub repository and mailing list to develop the SG activities.
- At the end of the session, ​Nat​asked to endorse the creation of the SG, and no
objections were raised.
- To polish the draft Charter/ToR and agree on communication tools, document
format and other logistical matters- To materialize some work items through the discussion at the SG mailing list andGitHub repository
Community Development- Mai ​shared her thoughts on how BGIN should develop its community base. She
articulated the importance of tapping personal connections and bringing together
people and organizations who have similar interests, passions and differentperspectives in order for the multi-stakeholder network to flourish.
- Shin’ichiro​expressed his idea to hold a series of webinars with a variety ofstakeholders including software developers. He also proposed that developers givelectures to government people on how to utilize GitHub repository to effectively
create outputs in an open-source style.
- Member I​proposed to have a discussion with the members of regulatory
innovation project at Cambridge University, which consists of more than 100
financial regulators and policy makers from more than 50 countries.
- To proceed with the plan to hold webinars this Summer in collaboration withrelevant stakeholders including Bitcoin/Ethereum developers.
Future Plan- Shin’ichiro​shared his idea on BGIN’s short-term roadmap and proposed to form anorganizing committee for the #1 meeting this Fall. He suggested that #1 meetingshould be held in partnership with other initiatives or events, and it would be an
online meeting given the COVID-19 pandemic.

3Action Points
8.
Summary- Mai ​proposed to work closely with this year’s G20 presidency (i.e. Saudi Arabia) tokeep the momentum at the G20 level as Japan lead the multi-stakeholder
discussion last year. Yuta Takanashi, in charge of International policy making atJFSA, commented that they might not have enough capability because theirpriority is tackling challenges caused by COVID-19. Jumpei Miwa told that JFSA
would keep contributing to the multi-stakeholder discussions by holding theinternational conference called “Blockchain Global Governance Conference(BG2C)” .
- To call for participants of the organizing committee and local hosts of #1 meetingon general discussion mailing list
Any other business- Ryosuke​explained how to register for the existing mailing lists (Announcementand General Discussion) on BGIN’s official website. Shin’ichiro asked to follow
official Twitter account to get latest information. ( ​twitter.com/bgin_global​).

Action Points- To announce the information about the WG and SG mailing lists once ready.

9.

Closing remarks- Shin’ichiro​thanked the 65+ participants for their participation, constructive
feedback and suggestions, and encouraged them to keep contributing to thediscussions on the mailing lists.

Summary4

Annex: List of Participants

Aaron Wright (Cardozo Law School)
Ad Krofy (AboutGovernance)
Adrian McCullagh (ODMOB Lawyers)
Arisa Matsuzawa (Financial Services Agency Japan)
Bob Wardrop (University of Cambridge)
Byron Gibson (Stanford Center for Blockchain Research)
Daisuke Aoki (Financial Services Agency, Japan)
David Siegel
Emi Yoshikawa (Ripple)
Eric Alexandre
Fabrice POTEC (Wethio / Zynecoin)
Fumiaki Inatomi (Digital Asset Markets, Inc)
Glenn Austin (Dash Core Group)
Hiromi Yamaoka (Future Corporation)
Hui Li (Huobi Blockchain Research)
Jacob Ninan (Kottackal Business Solutions Private Ltd.)
Joaquin Garcia-Alfaro (Institut Mines-Telecom)
Julien Bringer (Kallistech)Jumpei Miwa (Financial Services Agency Japan)
Junya Tempaku (Financial Services Agency, Japan)
Kanta Matsuura (The University of Tokyo)
Katharina Pistor (Columbia Law School)
Kathleen Chu (Maker Foundation)
Kazue Sako (Waseda University)
Kengo Suzuki (LayerX, Inc.)
Kevin Werbach (Wharton School, University of Pennsylvania)

5Kristina Yasuda (Microsoft Corp.)
Kyota Hashimoto (Financial Services Agency Japan)
Mai Santamaria (Ireland Department of Finance)
Maiko Meguro (DG CNECT, the European Commission)
Manoj Kumar Singh (Reserve Bank of India)
Masanori Kusunoki (Japan Digital Design Inc.)
Monique Bachner (INATBA Governance WG / LëtzBlock / Bachner Legal)
Nat Sakimura (NAT Consulting LLC)
Nii Quaynor (Ghana Dot Com)
Nina Siedler (DWF, INATBA, IPDB)
Noriatsu Kudo (Keio Unviersity)
Pēteris Zilgalvis (European Commission)
Petko Karamotchev (INDUSTRIA.tech)
Rino Giammarinaro (ROSWELL MOTION PICTURES)
Robert Schwentker (DLT Education)
Shigeya Suzuki (Keio University)
Shin'ichiro Matsuo (Georgetown University)
SmokeyBandit
Steve Nam (Stanford Journal of Blockchain Law & Policy)
Hitoshi Takanashi (Global Open Network Japan)
Takashi Mitsuta(Coincheck, Inc.)
Takayuki Himeno (Mitsubishi Research Institute,Inc.)
Takeshi Chino (Kraken)
Takumi Fujimoto (Mizuho)
Taro Watanabe (DG Lab)
Thomas Cox (StrongBlock)
Tomohiro Ishikawa (Global Open Network Japan)
Toshiaki Yuasa (Information Services International-DENTSU,LTD)

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Tsuyoshi Minami
WeeKee Toh
Xiaoyu YOU (China Academy of information and communications technology)
Yoshinobu Tosaka
Youssef El Ouahabi (Wethio)
Yuji Kawada (Mitsubishi Research Institute)
Yuji Suga (Internet Initiative Japan Inc.)
Yukio Takagi (ISID)
Yuko Kawai (Bank of Japan)
Yusuke Ikeno (Georgetown University)
Yuta Takanashi (Financial Services Agency Japan)

Session moderator: Ryosuke Ushida (Georgetown University / Financial Services Agency Japan)

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