1/20/2018
I see a clear opportunity to strengthen the judicial system in the U.S. and believe that by doing so confidence in the judicial system will be enhanced, which, in turn, will promote stability, and so on… There are similarities between the drivers of this project, as it relates to the judicial system, and the drivers that led to the development of cryptocurrencies, as they relate to the monetary system. In both instances, vulnerability of system value (i.e., money and dispensed justice) is exposed to unmitigated risk. In the legacy monetary system the key vulnerability was, and still is, the predominate use of a style of currency that is inherently susceptible to inflation and heavily reliant upon people “doing the right thing”. In the judicial system the key vulnerability is in the design of the “control structure” itself, which places tremendous reliance on the honor system and “doing the right thing”.
The solution for both systems is the same; the implementation, testing and monitoring of a properly designed control structure. Although the design and appearance of mitigating controls in either system will be different, the purpose of those controls is the same; to protect system value.
A few bits of information about my professional background; the bulk of my professional work has been in the area of internal control and accounting, with heavy emphasis on process design and general ledger remediation. I have worked for (or had as clients) quite a few large, international corporations and understand the meaning of push-back and adaptability. The skill set required for this project is pretty much second nature to me. That being said, my goal is to continually learn, not to be right. From my perspective there is no shame in replacing my idea with someone else’s better idea. So please, let me know if you see a better way to do something.
I have no doubt, whatsoever, that this project can and will be completed. There is no money-making aspect to this, so anyone pitching in will be doing so because they see some other value in their participation. As such, the speed at which we begin to see tangible results is likely to be the biggest unknown. Regardless, we are on our way.
