Fireside Chat with Declan Fox (Cosensys), Rob Dawson (Cosensys) and Jill Malandrino at ETHConf

Thu, Jul 2, 2026, 12:00 AM

In this fireside chat, Jill Malandrino moderates a discussion with Declan Fox and Rob Dawson from Consensys on the role of neutral governance in institutional blockchain adoption. They argue that while open source software has been foundational for technology companies, it is not sufficient on its own for enterprises making decade long bets, since the technology could be swept from under their feet without credible neutral stewardship. Declan compares open source without neutral governance to a building where you can peek in the door and inspect the code, but the house could still be demolished. The conversation positions governance not as ideology but as a practical procurement decision. Declan and Rob detail Besu's success as the institutional Ethereum client, running 15% of Ethereum mainnet but 80 to 90% of all blocks on enterprise blockchains, largely because of its Apache 2 license and Hyperledger and LFDT hosting. They explain that Consensys has now made the same bet on Layer 2 by contributing Linea technology to the Linux Foundation. The discussion covers tradeoffs in the EF's CROPS mandate (censorship resistant, open source, private, secure), how zero knowledge proofs enable confidential blockchains to interoperate without revealing sensitive information, the risk of digitizing fragmentation across chains, and atomic cross chain delivery versus payment as a recently unlocked use case. They close on the holy trinity of decentralized trust (blockchains), decentralized identity, and decentralized AI, with discussion of how ERC-7804 helps manage non human identities in a future of machine to machine blockchain interaction. 00:00 Introduction 00:29 Why Governance Is Becoming Central to Institutional Adoption 00:52 Open Source Is Not Enough: The Building Analogy 01:51 Why Technologists Should Care About Governance 02:37 Besu's Adoption Through Apache 2 and Linux Foundation 03:15 Besu as the Institutional Ethereum Client 03:41 Donating Linea Technology to the Linux Foundation 04:26 The Linux Foundation as a Trusted Brand 04:47 Does Governance Quality Match Technical Quality 05:40 Competitors Coming Together for Shared Standards 07:07 Governance as a Component of Scalability 07:26 Challenges and Friction Points in Governance 08:35 Maintaining Innovation Velocity Under Stewardship 09:55 Governance Improves Product Practices 10:00 The CROPS Mandate and Its Tradeoffs 11:40 Privacy and Security as Institutional Adoption Blockers 11:58 How Privacy Is Achieved Technically with ZK Proofs 12:50 Avoiding Digitized Fragmentation Across Chains 13:58 LFDT as a Forum for Interop Standards 14:16 No One Size Fits All Chain Solution 14:51 Interoperability as the Remaining Pillar 16:04 Cross Chain Delivery Versus Payment Now Possible 16:35 Security as a Critical Conversation 17:36 Challenges with Legacy Enterprise Blockchain Infrastructure 19:08 Ethereum's 10+ Years of Continuous Uptime 19:52 What's Next: Progressive Decentralization 21:16 Integration, Not Us Versus Them 22:22 How Rough Consensus Works in Practice 23:30 Selectivity in Onboarding Projects to Foundations 24:48 The Maturation of Governance, Security, and Privacy 25:25 Closing Thoughts on Institutional Adoption 25:44 The Holy Trinity: Decentralized Trust, Identity, and AI 26:26 Governing Non Human Identities and AI Agents 27:21 ERC-7804 and Machine to Machine Infrastructure 27:37 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _