Knowledge Extractable #voting for #blockchain & Distributed Governance
▻https://hackernoon.com/knowledge-extractable-voting-for-blockchain-distributed-governance-radic
Knowledge Extractable Voting for Blockchain & Distributed Governance — Radically New Decentralized Decision Mechanisms beyond “The Richer Get Richer”Heather Mount (@heathermount), Source:UnsplashBlockchain is a decentralisation revolution with the potential to change not only payment activities, but also decisions in future organisations to finance projects (aka ICOs), govern decentralized enterprises (aka DAOs) or curate lists (aka TCRs). A central tool of decision making is voting which can be seen as a consensus protocol with additional privacy guarantees. We argue that the standard democratic voting mechanism — one voter casts one vote — is vulnerable and fails to meet the requirements of contemporary blockchain applications. We present a radically new mechanism, called Knowledge (...)