Quote from: Sensus.Network on May 22, 2018, 12:54:17 PM

WELCOME TO SENSUS COMMUNITY GOVERNANCE PROTOCOL

Sensus Network

Community Consensus Governance Protocol

Website : https://www.sensusnetwork.io/
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The essence of governance lies in delivering to the citizens the rights, privileges, and provisions enshrined in the Constitution of each of these countries with respect to political, economic and social freedom .

FAILURE OF GOVERNANCE LEADS TO REVOLUTION

Blockchain is emerging as the new global infrastructure where we have the opportunity to build and deploy networks that serve the best interests of our society .

Blockchain Platforms have led to development of smart contract driven networks that can facilitate peer to peer transactions without an intermediary .

Problems of Blockchain based governance :

1.) Smart Contracts cannot change with the changning society

2.) Governance in decentralized network is still controlled by creators alone

3.) No platform to manage community resource

1. VOTING

Optimize your election with blockchain-based online voting tool . Voting is 100% secure and immutable. Voter anonymity is guaranteed by transparent crypto algorithms.

2. REPUTATION MANAGEMENT

The reputation system would give several data points to be used in different ways by different applications to determine an appropriate reputation for the given task.

3. DIFFERENT POWER STRUCTURE FOR DIFFERENT ACTORS WITHIN THE COMMUNITY

Regular organizations work with arbitrary distinctions . A token holder can be an early investor , an exchange or an actual user . To govern such communities the protocol defines the member roles and their corresponding interaction with the system

4. SENSUS DRP NETWORK

The sensus DRP network is built on top of the protocol , the DRP Network is a collection of SaaS plugins that assist blockchain platforms and applications .

Proposal Voting Mechanism

Proposal Voting Mechanism consists of three components: Proposals, Votes, and Budgets.

Anyone User can submit a proposal for a small fee on the Sensus Network

Shareholders can cast votes for or against proposals.

Approved proposals become budgets.

Budgets are paid directly from the blockchain

Decentralized identity and reputation without doubt is one of the most anticipated features of blockchains. Countless projects are trying to address it from various angles, ranging from authentication to AML/KYC .

One of the best characteristics of our blockchain technology is its transparency. The crypto algorithms that we use on top of it are merely mathematics and can be safely audited by any external party .

Governing The Protocol

Applying and enforcing existing protocol rules is easy. Changing Sensuss protocol rules is much harder and requires a consensus among the community with more than 51% of the votes for or against the proposal . Incompatible changes to the Sensus protocol therefore require all users to apply the new rules at some agreed-upon point in time.

SenX Community Protocol

Sensus Network offers Voting Protocol which enables members to propose multiple solutions to a proposal and the most upvoted solution moves to gets selected as consensus proposal and then moves to the next round of voting if applicable by the contract . All Proposals are divided into the binary of Yes and No Options .

SenX Proposal Categorization

The sensus protocol mandates categorization of each proposal before it goes to voting adding certain parameters to the contract . The governance protocol layers itself with categorization of voting rules , voting parameters and achromatic trigger which initiates a programmatic change when the proposal gets voted and approved ,

Governance Protocol Mandation

The sensus governance protocol defines incentives that an organisation awards when a decision is reached . The basic protocol includes change in rulebook , membership functions , deployment of a new version of smart contract or code up gradation . The protocol can be upgraded with inventive layer mechanism which rewards members for investment in external services , deploys change in remuneration of different members with a transparent audit categorization .