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Author Topic: PRE-ANN Vega Project - Disrupting The Hierarchical Governance Paradigm  (Read 672 times)
vegafund
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August 07, 2017, 08:19:33 PM
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The Vega Project – Disrupting The Hierarchical Governance Paradigm

The Vega Project (“Vega”) is an effort to create a generalizable system which enables coordinated action for a group of participants based on the decentralized decisions of the individual participants who make up the group.

Using smart contracts, the Vega Project can: (a) enable any participant to introduce proposals to the group, (b) enable any participant to support and vote on proposals that have been made by other participants, and (c) track the impact of active participants’ decisions on the achievement of the group’s objectives over time. Through the implementation of consensus rules and a carefully designed incentive structure, Vega enables individuals to apply swarm intelligence in the pursuit of their shared objectives, harnessing the wisdom of the crowd to make group decisions for the purpose of maximizing the benefits to the individual participants. Vega is essentially a system for effective digital democracy, which enables any group to manage itself strictly through the consensus of individual actors, provided only that the group is able to establish shared objectives that are clearly and unambiguously defined; precise metrics for assessing the group’s performance in achieving its objectives; and effective incentive structures that properly align the interests of individual participants with the shared interests of the group, all without any centralized control.


Project
Technical Specification
Design Priorities
Roadmap
Reading Resources

Applications
Decentralized Hedge Fund
The Autonomous CEO
Alternative DPoS Voting
Further Applications


Conclusion
A system that enables participants to act in an individual capacity when harnessed as a collective is able to completely disrupt the existing hierarchical structures of management.

Vega was originally conceived as a kind of public utility that allows people from all over the globe to participate and express ownership in a completely decentralized organization that lives only on the internet itself. What is most interesting about Vega is that the organization has no centralized authority and single point of failure. In a sense, you can think of Vega as this group that exists both nowhere and everywhere. It is the idea that an organization can be invisible in terms of its physical appearance, however actually manifests itself in every societal structure and region of the population connected to the internet.


This pre-ann post is designed to engage with the community on our upcoming project to gauge community sentiment.


PLEASE BE AWARE THAT THIS IS A WORK IN PROGRESS. NO TOKEN SALE, ICO or PRE-ICO INFORMATION IS AVAILABLE. THIS INCLUDES BOUNTY PROGRAM INFORMATION.

MORE INFORMATION TO COME
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August 07, 2017, 08:24:33 PM
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Really impressed by the accountability thought processes to prevent abuse combined with things like collusion prevention by randomizing reporting assignments. Good governance and risk mitigation is tricky to pull off, however I can see lots of thought has gone into weeding out abusers of the system and keeping the voting ecosystem healthy. Really excited to see where this project is headed, it could really change the way projects or even corporations for that matter are run.
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