Welcome to Intersect’s Development Update #68. This week, we move closer to submitting Treasury Withdrawal Actions, with smart contract safeguards now complete and new administration policies published to support transparency and accountability.

We also highlight the final days to vote in the Constitutional Committee election, continued progress on GovTool, updates from the Open Source Program, and a spotlight on our newest enterprise member, Bloxico. Plus, don’t miss the launch of the Intersect Enterprise Forum and news from our global community hubs.

Treasury Withdrawals: Smart Contracts and Administration Policies

As part of our role as a Cardano budget Administrator, we are in the final preparations for submitting Treasury withdrawals responsibly and with safeguards built in. Two key updates this week focus on technical guardrails and policy clarity.

Smart Contract demonstration – signing with confidence

To help prevent malicious governance actions or spoofing attempts, Intersect will now include a verifiable author signature in the metadata of all governance submissions. This safeguard ensures clear on-chain identification and aligns with CIP-100/108 standards. The signing key has been published, and the community can now verify that treasury withdrawals submitted by Intersect are authentic and tamper-resistant. Read more.

New administration policies published

Intersect has also formalized its administrative responsibilities with a set of new policies that support transparency and accountability. These include guidelines on fund disbursement, audit requirements, and role-specific duties to ensure consistent and fair execution of treasury processes. These policies will serve as the foundation for ongoing and future treasury administration. Read the complete policy overview.

Treasury withdrawals are the next step!

Following the continued advancement of the smart contract framework, we’re now completing the final configurations to be ready to submit Treasury Withdrawal Actions. We anticipate that actions will now be submitted by epoch 569 on July 8, to submit all 39 at the same time. 

We welcome feedback and discussion as we move forward. Your input helps ensure that the governance infrastructure we build is shaped by those it serves.

Last call to vote in the Constitutional Committee election

The voting period for Cardano’s 2025 Constitutional Committee (CC) election is entering its final stretch, with polls closing on Tuesday, July 2, at 12:00 UTC (with voting results shown on the 6th of July after voting audit). This marks a pivotal moment for Cardano's decentralized governance, as DReps choose the individuals who will safeguard the integrity of the governance process for the year(s) ahead.

Who can vote?

All registered Delegated Representatives (DReps) are eligible and encouraged to participate. As voting representatives of the Cardano community, your role is vital in electing a CC that reflects community priorities and upholds the Constitution.

What’s at stake?

Seven seats on the CC:

• Top 3 vote-getters will serve two-year terms (~146 epochs)
• Next 4 will serve one-year terms (~73 epochs)

Term selection will be based on vote ranking, giving candidates with the most support the opportunity to choose their term length first.

Meet the candidates - watch the Roundtable, listen to the spaces.

To better understand what’s at stake and hear directly from candidates and organizers, watch the Constitutional Committee Election Roundtable. This session provides essential context around the process, candidate perspectives, and the importance of community engagement.

You can also listen to the final of our four hosted X spaces here, coming up on Tues, July 1, or listen back to previous sessions where we put questions to the candidates - by subscribing to the Intersectmbo lu. ma calendar.

Why it matters

The CC is a foundational part of Cardano's governance model. It plays a key role in certifying governance actions, upholding constitutional principles, and enabling responsible treasury spending. With the increasing use of on-chain voting mechanisms, these roles become more critical than ever.

DReps: your vote counts
Review candidate profiles and vote before July 2 at noon UTC:

Cast your vote here: https://elections.constitution.gov.tools

GovTool continues to operate with stability, supported by Intersect funding through the end of the year. In contrast, a revised funding proposal is being prepared as an info action for on-chain submission. Recent improvements include enhanced proposal validation and author verification, contributing to a more secure and trustworthy tool. 

Further discussions have focused on the concept of personalized dashboards for different user roles: delegators, DReps, and direct voters, to streamline the user experience in future iterations. Additionally, groundwork has been laid to improve overall documentation for new developers, with planning for a wider cross-vendor collaboration.

Governance tools working group

The working group meeting addressed the path forward for GovTool amid funding uncertainties. Participants discussed new feature directions, such as role-based dashboards, and emphasized the importance of maintaining community engagement despite paused development after July. Documentation emerged as a critical area for improvement, particularly in aiding onboarding for new contributors. A coordinated effort involving all vendor teams is planned, ensuring continuity of knowledge and improved developer accessibility moving forward.

Open Source

Developer Advocate Program: second cohort now open

 Open Source Office (OSO) 

There is still time to be a part of the second cohort! If you have any questions, please consult the #developer-advocate-watercooler channel and/or tag @Tex-OSO in Discord for more information.  The application window remains open until June 30, 2025 -  Apply here.

Tex and Georg at CHAOSScon 2025!

CHAOSScon North America 2025 was a great success. Tex (Terence McCutcheon), Open Source Program Manager at Intersect, and Georg Link, Open Source Committee Seat and Open Source Strategist at Bitergia, discussed the importance of development metrics in assessing the health of an open-source community. If you were not able to attend, be sure to catch up with the pre-recorded session. This marks the next major public debut of the Paid Open Source Model (POSM); the slides have been made available for review. 

Georg and Tex at CHAOSScon NA 2025.

Stay tuned for an upcoming podcast release with CHAOSS, which will delve deeper into the data-driven impact and thought process behind POSM. The CHAOSScast episode releases on July 10, 2025. Listen on the podcast application of your choice!

Membership and Community

Intersect Enterprise Forum: Web3 in focus – first session, July 2

We’re also excited to be launching the Intersect Enterprise Forum, a new monthly series designed to bring together enterprise members, ecosystem leaders, and the broader community for in-depth conversations on blockchain adoption, real-world use cases, and Cardano’s evolution as a platform.

The first session, titled "Web3 in focus", will take place on July 2, 2025, at 14:00 UTC and will be streamed live on YouTube:  Watch the session live.

This opening forum will feature a dynamic panel discussion exploring key topics such as:

• Cardano as a product, including the onboarding experience and usability
• Real-world challenges in enterprise and government adoption
• Clarifying the narratives around Web3, crypto, and DeFi
• Market focus and strategies for driving practical adoption.

The panel will include:

• Alexandru Dochioiu - Founder, Vespr Wallet
• Sander Gortjes - CEO, Hello Labs
• Phil Lewis - CEO, Vaka Consulting
• Pedro H. Lucas - Founder & Educator, 45B (Cardano Enablement)

Each monthly session will conclude with a live audience Q&A, providing the community with an opportunity to engage directly with thought leaders and decision-makers. A full recording will be made available after the event for those who are unable to attend live.

We hope you’ll join us for this inaugural discussion as we spotlight the real-world potential of Cardano and help shape the path forward for enterprise adoption.

Enterprise membership spotlight:  Bloxico


We’re excited to welcome Bloxico as an Enterprise Member at Intersect. Founded in 2018 in Belgrade, Bloxico has grown into a powerhouse of over 100 professionals with deep expertise in software development, IT outsourcing, and blockchain consulting.

Bloxico has delivered several notable projects across the blockchain space, including Atala SCAN, a tamper-proof product verification app built with Input/Output; the System Test Matrix for Filecoin, developed in collaboration with Protocol Labs; and B-DER, a peer-to-peer energy distribution system that enables CO₂ tracking and carbon credit exchanges. Their work spans key areas, including fintech, Web3 infrastructure, decentralized governance, and sustainability-focused applications.

As they join Intersect, Bloxico brings valuable insights into governance tooling, node operations, enterprise blockchain integrations, and scalable Web3 solutions, all of which align with Intersect’s mission to foster transparent and inclusive governance and drive real-world blockchain adoption within the Cardano ecosystem.

Community hubs

Following this week, the community hubs will launch independently, as the Intersect governance action for community hub funding was not approved. This isn’t necessarily the end for community hubs, however, as they navigate how to move forward as Cardano-focused regional hubs and alternative sources of income. The purpose of setting up Intersect hubs was to facilitate local meetups and discussions, especially important when translating local opinions into global actions. We would like to thank all the hub managers and members for their hard work in organizing regional events and making significant contributions to their local communities. We will continue to support their missions, including for Intersect’s Annual Members meetings in Q4 2025.

Community engagement highlights

Sri Lanka Hub X Space
Intersect Sri Lanka Hub hosted an X Space, focused on grassroots adoption and developer engagement in the region. The session drew 110 live listeners and highlighted the momentum building around Cardano in Sri Lanka through educational initiatives, workshops, and localized events.

Intersect x WADA Space – CC Candidate Spotlight: Ace Alliance

On June 19 at 7:30 PM UTC, Intersect WADA hub hosted a focused X Space featuring the Ace Alliance, a group of five long-standing Cardano contributors contesting for a seat on the Constitutional Committee (CC).

Represented by Adam Rusch and Hosky, the discussion explored their candidacy, motivations, and operational goals if elected. Community members actively participated, asking questions such as whether the group intends to submit a budget proposal to cover operational costs if elected.

The session concluded after exactly 1 hour and 38 seconds, offering valuable insights into the upcoming CC elections.

Recording: Listen here

This week, our hubs are hosting the following events:

Japan hub 

The X Space event will take place on June 27 at 12:00 UTC; the link to join is available here.

Sri Lanka hub, led by CoinCeylon - June Town Hall – CoinCeylon x Intersect Sri Lanka Hub

Our final Sri Lanka Hub Town Hall is happening this Friday, June 27 — and everyone is welcome!

Join us for community updates, local outreach highlights, ecosystem progress, and open governance discussions as we reflect on the journey so far and share what’s ahead.

Stay tuned for next week’s special update, which will highlight some of the incredible work and impact the Hubs have delivered over the past year and a half.

That’s it for this week’s update. Thank you for reading. To learn more about Intersect’s work, explore our Knowledge Base, which provides detailed information on governance structures, committees, and funding. Additionally, visit the Intersect website for the latest news, updates, and roadmap information.

Join the conversation on Discord, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community.

Your voice helps shape the future of Cardano governance.