August 28, 2016

Democracy Earth Governance Singularity Grand Challenge Winner #gsummit

The Democracy Earth Foundation is a Y Combinator backed organization working with hackers, thinkers and makers.

The internet transformed how we share culture, work together —and even fall in love— but governance has remained unchanged for over 200 years. With the rise of open source software and peer to peer networks, political intermediation is no longer necessary. We are building a protocol with smart contracts that allows decentralized governance for any kind of organization.

They want to fight corruption.


First, Identity:
What differentiates valid elections from surveys is strong identity validation. We are working with pioneering decentralized protocols for identification, so no single corporation (like Facebook) or government (think Estonia) owns your credentials. Only you are in control.


Then, Institutions:
Whether it's a club, a student center, your football team, a corporation, a workers union or even a big city: these are all institutions. For them to be open and democratic, governance rules and membership must be stated under incorruptible technology. See how the blockchain grants it.

Also, Budgets:
Institutions execute projects: a collection of tasks that require funds and approval. After you join an organization that meets your interests, pitch projects defining tasks and pricing. Funds are securely stored using bitcoin and granted upon approval.

And finally, Delegations:
In the age of connected societies, voting to have representatives for 4 years is absurd. Peer democracies lets you elect among friends and people you trust. Legitimacy must emerge bottom up rather than top down. It's possible: we've seen open source democracy take off.








SOURCE - Democracy Earth, Youtube


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