London's budget on the blockchain

[mike623317]

Put London's £18 bn. ann. budget on blockchain for transparency and accountability
george galloway wants to it it

mayorschain.com

[Ben Mason]

Put London's £18 bn. ann. budget on blockchain for transparency and accountability
george galloway wants to it it

mayorschain.com

What a bl00dy excellent idea!  Vote Galloway....via follow my vote!

[Ben Mason]

https://www.youtube.com/watch?v=RwdzXC5kwNc#t=2m1s

NXT clone got the contract

mmmm, well they don't need a special chain, they could be more efficient and simply launch a UIA on Bitshares!  Oh well, there are a lot of mayors.... 

[betax]

How would that work with bitshares 2.0 ? Brainstorm =>

FULLY PUBLISHED BUDGET

Every detail of the budget is published, along with each addition and change. Then each item is ticked off, along with actual money spent.

EVERY RESIDENT OF LONDON PARTICIPATES

Practical ideas are offered by every resident, with a targeted, average cost reduction of 5%.

BUDGET 2.0

The cost reduction savings are pooled for a residents budget. Allocation of this budget is crowdsourced from residents.

[betax]

My thoughts about BitShares:

You have a main UIA, you set up recipients of the budget as future payments, ideally more granular than departments. This of course supported with a database and information regarding each recipient. Each future payment has a description for the transaction.  Each future payment can be voted.

A change on a future payment needs to be approved, same as the future payments.


Secondly if this will ever happen, we should be in the position to "bid" for our technology.