The Decentralised Partnership

The Decentralised Partnership

Abstract: Within the context of the recent discussions surrounding decentralisation lies somewhat at the heart the burning questions of what to do about the sovereignty of nations and the incorporation of cultures. The answer should be intuitive, of course: scrap the nation-state model and reincorporate it as an international legal personality and at the lower level, simply disband previously-incorporated structures, allowing capital less restricted flow throughout the groups of various interested parties, namely, the employees, shareholders, and the customers. It is one thing to suggest such an implementation and quite another to actually undertake it, however. The notion that society has no need of much of the baggage that it currently assumes it depends on, such as policing, criminal court, narcotics regulation, standardisation of healthcare, to name just a few, is still too fresh, and plainly too simplistic to stand any chance of being competently implemented in the immediate future (if not necessarily over the next few centuries). However, start-ups can make a meaningful move towards abandoning the grip that centralist worldview holds over the order to magnitude of social acceptance. Specifically, entrepreneurs can begin to shun the model whereby they incorporate any new business at all, and instead, via employing automated delivery of decentralised capital (which is to say, of cryptocurrencies), they can establish what in effect amount of unincorporated partnerships held together via artificially intelligent payment technologies that are responsive to the individuals whose interests they serve. In such a model, the requirements for incorporation are completely bypassed altogether and the individual – be them an investor, an entrepreneur or a customer – has his own personal interests most efficiently catered for, consequentially motivating him into the most economically efficient state of action at all times. The resultant efficiency improvement of the new decentralised partnership structure means that talent is increasingly attracted to one of a number of “pools” into which they voluntarily contribute, with each pool of talent competing most for the individual’s intellectual and commercial interests in the same way that corporations have begun to compete for their customers (but not yet their workers). We suggest such a method of de-incorporated structuring, and show how this Decentralised Partnership can be structured using a basic smart contract built with simple feemine payment functionalities and with zero requirement for incorporation due to the diffuse nature of legal liabilities in the structure.

From the forthcoming White Paper. More @ https://pentagram.partners