- The much anticipated meeting between the Semko Brothers and IOTA Foundation was cancelled
- As a non-profit charitable foundation dedicated (and legally bound) to open sourcing inventions, the IOTA Foundation was unable to sign the unilateral NDA that SemkoDev provided
- The non-profit organization is still open to having a dialogue should the Semko Brothers decide the open source route.
For weeks, people have been waiting for an update about Semko Brothers’ and IOTA Foundation’s meeting. However, after a series of Tweets hinting on when and how it will happen, it was abruptly announced that the meeting was cancelled.
News about Semko Brothers and IOTA Foundation’s meeting first circulated when Ralf Rottmann tweeted about it on November 24th, 2018. The IOTA Foundation’s Board of Directors member tweeted:
“Looking forward to meet @RomanSemko and his team on behalf of IOTA Foundation in Berlin early December. Looking forward to building IOTA even greater!”
Roman Semko replied, confirming the upcoming collaboration between the two organizations.
Weeks later, another news broke out saying that the scheduled meeting had to be cancelled. According to reports, IOTA foundation cannot sign the unilateral NDA agreement as it only protects the for-profit entity. In a statement Ralf Rottman said:
“There was no meeting. As a non-profit charitable foundation which is dedicated (and legally bound) to open sourcing our inventions, we were unable to sign the unilateral NDA that SemkoDev provided.”
The meeting was supposed to help create a collaboration between two community developers. IOTA is a non-profit foundation that’s registered and incorporated in Germany. Their goal is to upkeep the development as well as standardization of new distributed ledger technologies or DLTs, primarily the IOTA Tangle. As for Semko, they are a software development company, offering web development and management consulting services. Semko’s owner, Roman Semko, is known as one of the most prolific developers of the IOTA community.
Both Semko and IOTA’s part-time research could lead to something tangible, synergizing the intensive work that has been given by the IOTA Foundation over the last few months.
The non-profit organization is still open to having a dialogue should the web development company decide the open source route. For years, IOTA Foundation has been offering Semko a chance to work with or for them, and this has not changed regardless of what happened. Rottman said:
“IOTA Foundation is committed to open source and will forever remain committed to making everything available as source code to the world. We believe, this is the broader agreement and implicit contract we’ve got with all our supporters. We don’t know more about Roman’s plans than you guys. There is no bad blood. The meeting did not take place because we simply cannot (legally) sign unilateral NDAs. It’s a technicality. Of course, IF can sign contracts. We’ve got more than 100+ mutual NDAs in place with tons of partners.”