Peer:
The members of the wekosystem are called peers, which may include, customers, people who are employed by the system, people who are free-lancers for the system, any other person from the society who walks in with a transaction, or some one who enters the wekosystem. E.g., even those who participate by registering on the web site and contributes is also a peer.
Another way to define a peer is anyone who is stake holder in the system.
Wekosystem:
A social ecosystem where transparency and economic freedom are guaranteed to every peer in the system.
Wekos:
A measure based on which a peer can take decision on behalf of the wekosystem. The greater the peer’s contribution to the total output of the wekosystem, the greater wekos a peer would earn. The peers’ under performing decisions would reduce their wekos accordingly.
Reppos:
A measure of reputation of a peer based on which a peer’s share in the revenue will be calculated. This reputation measure is independent of the outcome, but depends entirely on how the other peers adjudge the inputs based on quality and quantity of time commitment by the peer.
Relative performance points or reputations based on peer’s judgment.
Transparency:
Information generated within the system is never denied to its peers and its access is unrestricted and does not need any other peers’ permission or authorization. This is the foundation stone of the wekosystem.
Proprietary sub-systems
Within a social group some people tend to monopolize because:
* they possess special knowledge or skills
* of the designation they posses in the group
* decision making powers they have
* ownership of specific resources within the system
* being an influential stake holder of the system.
Such people create proprietary subsystems within the group and ensure that things become dependent on them for specific processes. This leads to a lot of value destruction for the others and curtails their economic freedom.
A proprietary subsystem is deliberately controlled and kept opaque by such people.
