Peerplays currently operates without a community consensus system for funding development of the blockchain and other requirements for the success of Peerplays.
The objective of this high level specification is to introduce a system which is optimal for both PPY holders and for those seeking to support the ecosystem with proposals that develop the various aspects of the DAC (Decentralized Autonomous Cooperative).
Decentralized consensus is achieved by taking a similar model to how a typical committee would operate on behalf of a voting community. By enabling a specialized committee which has all its funding and reporting functions derived through blockchain smart contracts, PPY voters can enable the allocation of necessary expertise to oversee the particular sector.
The DAC community of voters can then be freed up to be more dedicated to other matters. The ongoing funding of these committees will require certain ongoing reporting to the DAC and thus provide a consistent and concise update on progress of each sector to the community.
A type of counter balance or regulatory body is created through the Advisors to these new committees. They help ensure that in the event of an emergency situation the funding and reporting mechanisms are not abused against their intent to serve the DAC.
This PIP will open up a world of possibilities to professionals from all business arenas who will essentially be able to effectively interact with the DAC in a more efficient and meaningful fashion.
Peerplays currently operates without a community consensus system for funding development of the blockchain and other requirements for the success of Peerplays.
The objective of this high level specification is to introduce a system which is optimal for both PPY holders and for those seeking to support the ecosystem with proposals that develop the various aspects of the DAC (Decentralized Autonomous Cooperative).
Decentralized consensus is achieved by taking a similar model to how a typical committee would operate on behalf of a voting community. By enabling a specialized committee which has all its funding and reporting functions derived through blockchain smart contracts, PPY voters can enable the allocation of necessary expertise to oversee the particular sector.
The DAC community of voters can then be freed up to be more dedicated to other matters. The ongoing funding of these committees will require certain ongoing reporting to the DAC and thus provide a consistent and concise update on progress of each sector to the community.
A type of counter balance or regulatory body is created through the Advisors to these new committees. They help ensure that in the event of an emergency situation the funding and reporting mechanisms are not abused against their intent to serve the DAC.
This PIP will open up a world of possibilities to professionals from all business arenas who will essentially be able to effectively interact with the DAC in a more efficient and meaningful fashion.