• VeChain Foundation announces plans to introduce decentralized governance to the network. 
• The Foundation intends to hold Board Steering Committee Elections to choose stakeholders that will take over decisions making from it. 

The VeChain Foundation is taking steps to introduce decentralized governance to the VeChainThor blockchain in 2023. The Foundation has announced it will roll out the VeChain Foundation Board of Steering Committee this year.

Writing in a blog post, the Foundation reveals that the Committee will take over all key aspects of decision-making from it. Per the post, decentralization is a huge step toward VeChainThor becoming the leading public blockchain of choice for web2 companies.

Decentralizing the core of decision-making at the VeChain Foundation is a huge step towards seeing VeChainThor become the preeminent public blockchain of choice. The Foundation is well-positioned for regulations, real-world adoption, and a tidal wave of opportunities that will come in 2023 and beyond

The VeChain Foundation intends to follow the procedures designated in VeChain’s whitepaper to form the committee. According to the whitepaper, the entire VeChain community will play a role in selecting the committee members through participating in their election.

Hence, it recommends that the community selects professionals with…