Token Based Platform Cooperatives For Ethical Businesses
You may not know this, but I have a small business that sells goods online. One primary reason it exists is to explore alternatives to extractive capitalist business models. For me, I want to see how much beauty I can create with an enterprise, and I use it as a research platform for ethical ways of doing business.
I believe the work and value put into the business deserves to be rewarded in priority to ownership or stake. So I'm looking for a way to distribute profits based on jobs to be done. Incentives based on financial investment needs to be considered as well, perhaps returning the funds to the investors with a 0% return is a good idea.
While I'm not entirely convinced that investors shouldn't profit simply by depositing funds early, I know that I'm looking for more ways to decentralize ownership and allow more people stake in the company's profits through work investments. Finding a balance between market forces and ownership/stake based profit sharing is my goal.
I've been inspired by the thinking about platform cooperatives from the P2Pfoundation and am looking for tools that I can use.
The first thing I'd like to find/develop is a very simple accounting system. A system to do this is through the opencollective platform for managing votes and budgets. I'd like to issue a token that allows us to transparently track jobs, work done, validate work in a decentralized way, distribute tokens, and then at the end of the month distribute the profits the business makes to the token holders. I believe this can be a start of a decentralized platform cooperative that can create and share profits within the cooperative directed by the core values and mission of the organization.
For now, I never thought I'd be this excited about accounting. Anyone have ERC accounting tips/software?
Leave Token Based Platform Cooperatives For Ethical Businesses to:
Read more #platform-cooperative posts
Best Posts From Bilal Ghalib
We have not curated any of bilalghalib's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Bilal Ghalib
- Technical posts on Steemit?
- Blowing Bitcoin Bubbles That Sorta-Kinda Pop
- Snakes and Daggers - Crazy Crypto Times and Some Thoughts on Playing Safe.
- Coins for great good!
- God Speed
- Token Based Platform Cooperatives For Ethical Businesses
- Once Upon A Crash. How the DAO taught me a new way to invest in cryptocurrencies. Pro-tip on refunding your ethereum.
- Imposter-lal's
- Get Free From the Past. Build Habits to CHOOSE Your Best Self Into Existence.