The ZenDAO voting platform can replace the old corporate model of business organization with an inclusive, provably fair, and transparent economic system with incentives to participate.
Horizen is building a decentralized autonomous organization (DAO) as a voting mechanism to allocate treasury funds to continue the development of the Horizen platform.
The ZenDAO will be one of many sidechain applications for the Horizen platform, demonstrating the power of the dApps and their commitment to decentralized, community based governance.
The ZenDAO uses economic theory, game theory, liquid democracy, and the lastest privacy technology to allocated treasury fund resources. They are not just creating technological innovations, they are also pushing social innovations in how people interact with each other.
Please visit Horizen formerly ZenCash
Liquid Democracy
Delegative democracy, also known as liquid democracy, is a form of democracy whereby an electorate has the option of vesting voting power in delegates rather than voting directly themselves. The term is a generic description of either already-existing or proposed popular-control apparatuses. Voters can either vote directly or delegate their vote to other participants; voters may select a delegate for different issues. In other words, individual A of an X society can delegate its power to another individual B – and withdraw such power again at any time.
Illustration of delegated voting. Voters to the left of the blue line voted by delegation. Voters to the right voted directly. Numbers are the quantity of voters represented by each delegate, with the delegate included in the count.
Delegative Democracy, or liquid democracy, lies between direct and representative democracy. In direct democracy, participants must vote personally on all issues, while in representative democracy participants vote for representatives once in certain election cycles. Meanwhile, liquid democracy does not depend on representatives but rather on a weighted and transitory delegation of votes. Delegative democracy through elections should empower individuals to become sole interpreters of the interests of the nation. It allows for citizens to directly vote on policy issues, delegate their votes on one or multiple policy areas to delegates of their choosing, delegate votes to one or more people, delegated to them as a weighted voter, or get rid of their votes’ delegations whenever they please.
Most of the available academic literature on liquid democracy is based on empirical research rather than on specific conceptualization or theories. Experiments have mostly been conducted on a local level or exclusively through online platforms, however polity examples are listed below.
ZenDAO Photo Credit Photo on Visual hunt
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