Governance system
View Patent ↗An improved governance system incorporating Web 3 technology, which includes blockchain technologies, decentralized communities, provable identity via NFTs (Non-Fungible Tokens), and token based economics.
1 . An improved governance system comprising:
a plurality of computer systems incorporating blockchain software;
wherein said plurality of computer systems are interconnected using wireless technology;
non-fungible tokens;
wherein said non-fungible tokens are generated by said plurality of computer systems; and
an identity verification system;
wherein said identity verification system incorporates and uses said non-fungible tokens to verify the identity of individuals using said governance system;
wherein said individuals create accounts on said governance system, non-fungible tokens are generated per individual via said plurality of computer systems, their identities are verified via said non-fungible tokens, said non-fungible tokens are used by said individuals to create proposals within said plurality of computer systems, and wherein said proposals are used for governance voting procedures.
2 . The improved governance system of claim 1 , wherein said non-fungible tokens serve as governance tokens and are owned by said individuals and offer voting powers, wherein the more non-fungible tokens an individual obtains the stronger their voting power becomes.
3 . The improved governance system of claim 1 , wherein said non-fungible tokens are verified by checking an individual's signature against previous versions of that individual's signature obtained by said plurality of computer systems, and validating their identity.
4 . The improved governance system of claim 1 , wherein said blockchain software is adapted to provide soft staking to validate and prove ownership of an individual's non-fungible tokens.
5 . The improved governance system of claim 4 , wherein said governance voting procedures includes said validating and proving ownership of said individual's non-fungible tokens during voting procedures via said soft staking, thereby ensuring compliance of said voting procedures and prevents any manipulation of said individual's voting power.
6 . The improved governance system of claim 5 , wherein said blockchain software further includes penalties for misuse of said non-fungible tokens to protect said governance voting procedures.
7 . The improved governance system of claim 5 , wherein said governance voting procedures includes the steps of:
an individual choosing a number of non-fungible tokens they have obtained for use in a governance voting procedure;
the chosen non-fungible tokens are then validated via said soft staking;
said individual then uses said chosen non-fungible tokens to vote; and
said votes are stored in a database upon said plurality of computer systems for use in a chosen proposal for governance voting.
8 . The improved governance system of claim 7 , wherein said use of said governance voting system includes the steps of:
creating an account;
logging into said account;
obtaining non-fungible tokens;
creating a proposal;
requesting, receiving, and displaying proposals;
validating said non-fungible tokens; and
using said non-fungible tokens for governance voting within a chosen proposal.