This article was first published on SingularityNET - Medium
Taking the first steps toward decentralized democratic governance.
The SingularityNET vision has been a large and multidimensional one from the start; and a key part of this vision is a gradual transition from centralized guidance of the network by the founders and the SingularityNET Foundation, toward more decentralized and broad-based governance. Ultimately, to succeed at its mission, SingularityNET must become a full-fledged “digital biological organism” that grows and changes in cooperation with its human and machine ecosystem without critically depending on any small group of people or organizations.
The SingularityNET whitepaper specifies that in years 1 and 2 of network operations (following the initial token issuance event), major changes are to be determined by the Foundation in accordance with the bylaws of the Foundation installed at the time of network inception, while minor changes will be determined by a 51% majority of AGI token holders. Following this period of foundation building, “benefit votes” will be introduced and major changes in the operation of SingularityNET will be determined through an agreement of the Foundation plus a 51% majority of AGI token holder votes. From year 5 onward major changes in the operation of SingularityNET, among other things, will be determined by a 65% supermajority of AGI token votes.
In the immediate term, SingularityNET’s technical team is in the midst of rolling out two software implementations aimed at improving the community’s participation in and control of the platform, namely, the Request For AI (RFAI) portal, and the upcoming Platform Improvement Proposals process.
As another incremental step from SingularityNET’s current state toward the realization of its long-term vision, SingularityNET Foundation will shortly be calling for a democratic vote (majority rule) to appoint three individuals to a Supervisory Council. The role of this Council — a separate body from the Governing Board and Executive Board ...
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SingularityNET - Medium