Just came across this on r/bitcoin
https://www.reddit.com/r/Bitcoin/comments/4c99lq/how_not_to_do_proof_of_reserves_a_look_at_uphold/Although transparency is one of the things we value the most, I don't recall OpenLedger providing a Proof of Reserve.
I think this is an important problem to address because sooner or later it will come around. Now imagine if the project that was exactly created due to transparency issues, had it's biggest partner so far no being transparent. Quite the irony.
With this I would like to suggest for a new field on the UIA creation template to be created. Called Proof of Reserve, with a link or links to any cryptocurrency accounts that can prove solvency, plus those need to be signed by the owner as proof they actually own the account. Then the committee, since they were elected by the community could add their "stamp" of confirmation that a message was signed, confirming the address is legit. Could that be done? Add a field on a UIA that the committee could have access? I guess if they have some kind of permissions over the asset they could do so? Even if low? This should be done so that the actual owner of the UIA couldn't change it after. So the committee would be the only ones with permission to flag that field as true or false.
This way the community could whitelist assets and everyone would know which ones are trustworthy and new users would also have less chances of getting scammed by fake assets, which, sooner or later, will happen.
We want transparency, we need to start with ourselves first. Otherwise it will come around when we least expect and make irreparable damage.