Feb 14, 2024

The convention discusses the idea of demonstrating how to implement a peer-to-peer node mechanism in accounting in Open Treasury, particularly in the context of currently deployed, open-source ERP software like Odoo on the network's subnet.

The convention also emphasizes the importance of having straightforward, user-friendly accounting solutions and explores the potential of utilizing token frameworks for intra-community policies.

The Need for Demonstrations

In the convention, a Council member suggested that it would be beneficial to show how certain processes can be implemented, rather than just describing them in network's Articles of Association. This is in response to a perceived lack of practical examples in existing documentation of Open Treasury.

The Drawbacks of Existing Softwares Deployed for Open Treasury

Subsequently, attention is turned to the limitations of current software solutions deployed on the Open Constitution AI network for financial reconciliation between Treasury repositories and I.P. lessor entities. For instance, Odoo, an open-source ERP software, is highlighted as an example. While it is acknowledged for its comprehensive features by one member reviewing its deployment, another Council member considers it to be heavy with constraints and complex for general beneficiaries of the network.

The Proposal for a Peer-to-Peer Node Mechanism

In response to above concerns, the Council member then suggests developing a simpler, more user-friendly solution to the presentation layer for the Open Treasury. The idea of a peer-to-peer node mechanism is proposed.

This would allow for a more decentralized and flexible approach to accounting between fiscal nodes. This could be particularly useful for a planetary network like Open Constitution AI network with several domain specific subnets and each deployed service on these subnets with componentized transaction events.

The Role of Social Token Economics/Frameworks

The convention also discussed on the potential of using token frameworks for implementing intra-community value exchange policies using a hybrid loop transaction processor, deployed on the Finscale subnet. The hybrid loop transaction processor stores journal records for intra-community exchanges(whenever the token is redeemed).

An external gateway keeps journal records for all accounting events where the intra community token is exchanged for any other non cash or cash contributions to the network's designated Fiscal host.

The intra-community policy events(akin to transactions between members of a Self Help Group) could be logged into Odoo deployed Treasury Reporting solution via an API mechanism. This provides regulators and governance administrators, a simpler way to see a human-readable presentation layer of the Open Constitution AI network. .

Example of Open Treasury Policy

An example of an Open Treasury policy is provided here. Documentation serves as an illustration of how the Open Treasury governance policies can be maintained in systems deployed on the finscal subnet of the Open Constitution AI network.

Conclusion

The convention concludes by recommending deploying or implementing these intra-community policies through proposed peer-to-peer node mechanisms and token frameworks. Such an approach has potential benefits including offering more flexibility and user-friendliness in handling intra-community event accounting while ensuring compliance with local contextual legislations governing fiscal hosts.