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RE: The ecoVillage Coin: A New Approach For Off-Grid and Sustainable Communities. My Vision For Blockchain Based Communities Worldwide.
This is a provocative idea and very intriguing, but a few aspects give me pause. Using the blockchain to manage property is a great idea but I would be concerned about collective ownership in a centralized trust - seems to negate the purpose of the decentralized nature of the blockchain, itself. I wonder, though, if public choice theory might be helpful in a project like this?
thanks Geke.. Yes ownership is something that needs to be figured out in detail. The way i have it now is that really there is no ownership.. so maybe i shouldn't call it collective ownership! The Trust would own it all, which is important for many reasons.. then a committee would decide on how any profits were allocated.. that committee could be everyone or certain people.. those are thought for the future! ;-)
also, just to be sure its clear, blockchain is used in this concept to fund the building of properties as well as managing them.. That is a big part of the golden nugget ;-)
<3