A Sound Risk Culture

The Community needs more members to prefer ARK blockchain and its virtual machine rather than  centralized database or permissioned blockchains.

The Ark Blockchain offers control of the dual platform(i.e. DLT and VM) to each member of the community being a public blockchain. By doing this, the Community lets its members become entrepreneurs with a single Ark token. 

Thus, the dual platform provides financial independence, innovation and control. 

The Community could attract more members through Risk Management that builds a unifying culture, the Risk Culture. This is very important for a community that is composed of anonymous members spread all over the world with different languages, status in life, experiences, and business culture.

A sound risk culture delineates the different roles each member of the Community should play and what are the related expectations.

I. Managing a Decentralised Network through Risk Prioritization

The Ark Risk Management Advisory Council (Ark RMAC), a necessary soft infrastructure of a public blockchain such as the ARK Blockchain, has defined six categories of risks  that the Blockchain and the Community are facing.

II. Risk Management for Ark Blockchain

a. Why we need risk management to operate a public blockchain?

b. What is risk management, and how can it help in effectively managing a public blockchain?

c. How does a blockchain community benefits from risk management?

III. Community Various Risk Advisories

These sample advisories were formulated by the Ark RMAC and will be widely distributed to proper social media channels of the Ark Community as part of the Community’s risk mitigating measures.