The purpose of this hackathon is to set up the collective governance system for Bloom Network, using a DAO (decentralized autonomous organization) in parallel with a nonprofit organization. There will also be workshops happening at Pollination related to “wise democracy” and “networked governance,” hosted by Tom Atlee of the Co-Intelligence Institute.
Everything that gets created through Bloom’s governance development will be made available for others to adopt.
This Hackathon is made possible by the generous support of Aragon. Aragon empowers you to freely organize and collaborate without borders or intermediaries. Create global, bureaucracy-free organizations, companies, and communities.
Cross-Sector Finance Mechanisms
Agenda and Notes
Bloom Network DAO Configuration
Agenda and Notes
Agenda and Notes [NEEDS LINK]
Public online training: How to Get Started with Cryptocurrency
July 15 6-7pm Pacific, via Zoom
Watch the recording of this training
Who are we looking for to attend these sessions?
- Finance innovation professionals, DAO (Decentralized Autonomous Organization) experts, lawyers, cooperative experts, blockchain developers, Bloom Network organizational members
- A facilitator and a scribe to help structure these sessions and document what comes from them
- Social movement activists and people who have thought through how non-financial capital contributions might be valued in tangible, measurable ways to achieve power parity
Finance Mechanisms Mastermind:
Purpose: to explore collaborative funding mechanisms that would allow us to pool (multiple forms of) capital across for-profit, nonprofit, and grassroots organizations, sharing profits and risk. To resolve the limitations of sector-specific financial approaches in terms of power inequalities and more efficient collaboration, and to route revenue to grassroots climate change-related groups to support decentralized economic and bioregional wellness.
This first conversation will ask: Is this possible? Do similar approaches already exist? How would we go about designing the approach for due diligence and the legal framework?
If you’d like to read more of the thinking that has led us to exploring this, you’ll find some here, about the innovation sessions we’re running at Pollination, and here, regarding the idea of bioregional institutions.
Models to reference:
- Integrated Capital
- Aragon DAO: how its decentralized teams funding works
- 8 Forms of Capital: for valuing non-financial capital
- LLC-DAO hybrid
- Multistakeholder Cooperative
- Industrial commons – public-private manufacturing consortium
- Ejido Verde’s model for crowdfunding slow capital loans
- Revolving loan funds
- Purpose-Companies. About: https://purpose-economy.org/en/ How they raise capital: https://purpose-economy.org/en/investment/ Purpose Ventures: https://purpose.capital/en/
- Star Finance – an example specific to housing (community land trusts are another). Via Transform conference’s labs.
Bloom Network DAO – International Cooperative Hacking Sessions
This document is the master list of what needs to be configured that we know of, as well as an illustration of how a cross-sector capital pool might work.
The purpose of these hackathon sessions are to flesh out the details of:
- Bloom Network’s DAO governance and technical configuration
- Who has decision-making power in what set of domains, and who has financial allocation power, etc. So that network members can manage shared resources of the network.
- How our nonprofit legal entity functions, and its relationships with local Bloom Chapters.
Further Notes Relevant to Bloom’s 2019 Governance Hackathon
Note on our analysis behind wanting to form a cross-sector financial instrument:
Across each individual sector we see structural problems that contribute to inefficiencies and ongoing systemic inequality. For profit initiatives are sometimes, not always, driven by investors who want to see high financial returns, and the capital structures are not supportive to the entrepreneurs and the ethical or community based reasons they might be starting their businesses. In the nonprofit world, donors and executives who tend to have systemic privileges and the blindness that comes with that, as well as incentives to stay on top of a pile of money, make the decisions on behalf of the donor recipients, who have no agency or control as to the consistency of funding. Grassroots groups and frontline organizing communities frequency have zero financial resources and no power in the bigger game. One of the goals of our financial structure would be to re-distribute power so that these groups, who have major solutions to climate change and are frequently the most at-risk populations, are able to help direct the flow of financial and other forms of capital, for the benefit of all humanity and the ecosystems we all depend upon.
To attend any of these sessions, please email email@example.com and let us know what experience and expertise you wish to bring to the table.