Diem Association’s Technical Steering Committee Appoints CTO Daniel Prinz

First DAG, which has created global virtual payment platform as a service, reveals that Diem Association’s Technical Steering Committee (TSC) has appointed its CTO, Daniel Prinz, as an official Maintainer of the Diem blockchain, which is a distributed, programmable database developed to act as the foundation for next-gen financial services.

Prinz had joined First Digital Asset Group back in January 2019, where he’s responsible for leading the professional teams developing blockchain tools and APIs for software engineers using Diem and those working on First’s turnkey solution for established merchants, PSPs, and Acquirers to handle Diem and other stablecoin payments.

Before this role, Prinz was working as the CTO of the Cyber Division in the Israeli Secret Service, and also as a Software Architect at SAP and Applied Materials.

In his latest role as a Maintainer of Diem, and one of the first external maintainers to be hired, Prinz is expected to play a key role in the development of a technical governance framework for the Diem Association’s open-source blockchain initiative, which will provide a payment system that makes it affordable and convenient for consumers to transfer funds across the globe.

Prinz stated:

“Diem’s potential to be a breakthrough in digital assets and payments, will make financial products accessible to billions of people around the world. For Diem to successfully serve as a fast, simple, secure, and low-fee medium of exchange for a massive market, it’s critical that the infrastructure powering Diem is designed, built, and maintained with security, sustainability, and transparency in mind. This is a very exciting opportunity to shape the future of Diem.” 

The TSC has also elected various other representatives, which reportedly includes Andrew Baine from Bison Trails, Young Yang Liauw from Novi, and Sherry Xiao from Novi as Production Maintainers.

The TSC – which includes representatives from five member organizations (Anchorage, Bison Trails, Novi, Mercy Corps, and Union Square Ventures) has introduced the Diem Improvement Proposal (DIP) program, offering the Diem developer community a way to take part in the improvement of the features and overall functionality of Diem, by proposing a change or participating in discussions regarding proposals.

Proposals may address the main Diem Blockchain protocol, the Move development platform, smart contracts, and systems for smart-contract verification, operating standards, APIs, and off-chain mechanisms.

The DIP program is currently operating via the governance of the Diem Association, with final authority for technical decisions carried out by the TSC.

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