Bloom Network Governance Hackathon 2019

Bloom will be hosting a series of online and in-person hackathon sessions from June-August 2019, to work out some of our governance structure out prior to our Pollination conference, and also to encourage experts and developers to attend Pollination. We will be continuing the hackathon at Pollination in the form of workshops with all attendees on the topics of DAO’s, blockchain and cryptocurrency, and collective wisdom practices. Everything that gets created here 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.

Hackathon Schedule:

To attend any of these sessions, please email and let us know what experience and expertise you wish to bring to the table.

Finance Mechanisms Mastermind
June 27 7-9pm Pacific in San Francisco or online
Agenda and Notes

June 28 and July 4: Bloom Network DAO – Planning Group Session
6-8pm Pacific, via Zoom
Agenda and Notes

July 8: Finance Mechanisms: Cross-Sector Funding Models
One-on-One calls between finance innovation professionals and Magenta, Bloom Network’s executive director, to aggregate more existing approaches. Notes to be transferred to hackathon team.

Public online training: How to Get Started with Cryptocurrency
July 15 6-7pm Pacific, via Zoom

July 17: Bloom Network DAO – International Cooperative Hacking Session #1
Team: Multi-Capital Valuation
4-6pm Pacific, online via Zoom

July 31: Bloom Network DAO – International Cooperative Hacking Session #2
Team: Shares Configuration
6-8pm Pacific (or morning if people from Europe are attending), online via Zoom

August 17-18 In Person Sessions to Be Continued at Pollination
Teams: IP // Multi-Capital Valuation // Shares Configuration
at Impact Hub San Francisco. Register here.

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

Session Descriptions

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:

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.

Session #1:July 17, 4-6pm Pacific, online via Zoom

Session #2: July 31, 6-8pm Pacific (or morning if people from Europe are attending), online via Zoom

Breakout Teams

  • Coordination Team: Magenta and Tamsin Young
  • IP Template: Creative Commons License for documentation and process designs that come out of Pollination, Bloom Network, and connected processes
  • Multi-Capital Valuation
  • Shares Configuration for the Bloom Network cooperative DAO

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 and let us know what experience and expertise you wish to bring to the table.