JAKARTA The founder and creator of Polkadot (DOT), Gavin Wood, recently decided to leave his post from the CEO of the Polkadot network infrastructure provider, Parity Technologies. Even so, the figure who participated in establishing Ethereum did not completely leave the company.
Along with the decision, Wood also revealed that the CEO position is only temporary and cannot help him find true happiness. Even though he is no longer CEO, Wood will still be involved in Parity Techonogies. Wood will remain Parity's majority shareholder, and will transition to a new role as Chief Architect.
"The role of the CEO has never been one I aspire to," Wood said in a statement about the transition on Friday.
"I could be a CEO well enough for a while, but that's not where I'll find lasting happiness," he added.
His decision to leave the position of CEO will make him more focused on the latest blockchain coding and web3 technology development. He also said he would direct his focus on making Polkadot and Web 3 more accessible to the general public.
The position of CEO is replaced by Bj
Another co-founder of Parity, Bj Midner Wagner will fill the vacant position of CEO of the company Wood left. He previously served as CCO of the company before finally replacing Wood who resigned his post.
According to Crunchbase's statement, as CCO Parity, Bj Sarin encourages the development of commercialization, partnerships, and products. Bjipel has expertise in industrial automation and digitization. The Wood's successor holds the MSc title. in the field of Mechanical Engineering and Business Administration from RWTH Aachen University. He has also studied at the University of California Santa Barbara and Hong Kong University of Science and Technology.
On the other hand, Gavin Wood himself was an early participant in the crypto ecosystem. He contributed to Ethereum's development just one month after Vitalik Buterin issued his initial whitepaper.
Currently, the main focus of Polkadot is to help separate blockchains to be able to communicate with each other. This ability allows different networks to be operated and cross-border transfers can be carried out. Meanwhile, Polkadot cryptocurrency, DOT, ranks 12th largest cryptocurrencies by market cap, according to CoinMarketCap data.
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