People and Blockchains Go Hand in Hand
As much as some focus on how everything is based on math or certain algorithms, the truth is that consensus happens with people as much as it does in the code. The difference in this dynamic with using public open decentralized blockchains and other systems is the people part having a mechanism of accountability within the code.
I believe that systems that are designed to honor accountability, integrity and honesty will garner trustworthiness from people and deflect those that would otherwise corrupt. The dishonesty we see in the world today is largely the result of the systems that support this corruption by their design.
In my last article Are You Playing or Being Played? you have a perfect example of how one current system is used everywhere today and is meant to be fair, but is by design unable to be verified by others, and thus unaccountable. Now let's consider what it takes to have a system where people who are working for the blockchain providing various products or services for the network, can have integrity.
Worker Proposal Systems Are a Method by Which the Blockchain Enters into an Agreement,
Usually via the token holders voting on a proposal. Peerplays has proposed a system which focuses more so on the management of these proposals rather than on the issuing of the funds themselves.
This is something which is absent from all Worker Proposal systems in other blockchains and it has led to divisions, indifference, mismanagement, and fraud to be carried out on the token holders of those blockchains due to the lack of oversight they could receive in such arrangements. It’s for this reason Peerplays has to date never enabled a Worker Proposal system, and won’t, until an adequate design is brought forward that addressed the issues in current designs.
In the Peerplays SMEC (Subject Matter Expert Committee),
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 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.
Some may call this ‘mining Peerplays via services’, as the rewards which are delivered from the blockchain are done in exchange for the services rendered to it. For others, this will simply be ‘working for the Peerplays blockchain’.
This by design keeps people accountable, and able to prove their integrity, while keeping the gamification elements and human resource management of it all completely aligned in a way that ensures provable fairness to all.
So long as we continue to build systems that by design are not meant to have integrity, people will fit the mold they are given. The best of the best cannot perform when they are given the worst conditions in which to do so. Let us create not a higher standard, but a better standard by which integrity and honesty can shine, and all parties can always find a way towards fair and equitable solutions for advancement.
.
.
.
This is the 11th in a series of articles I will be making over the next month. Be sure to subscribe to get notified of future posts to find out where this goes.
Have thoughts on what I shared? Feel free to leave a comment and share!