The Transparent Company (T Corp) was founded as a response to the lack of transparency in traditional business practices. Our philosophy is simple: by openly disclosing our actions and offering a bounty to anyone who can identify dishonesty, we aim to provide a more trustworthy and reliable service to our users. This commitment to openness sets us apart, fostering trust and accountability at every level of our operations.
If you’re interested in being a part of our mission, we welcome you to transparently, join our mailing list, contribute through donations, volunteer your skills, suggest applications for our transparent fund, or claim valuable bounties.
Background
The Transparent Company (T Corp) was started in 2022 by Voytek Bereza and was designed to be a fully transparent, auto-governing enterprise. The business registered with the Australian Securities and Investments Commission in late 2022 with the primary goal of making a new type of trustworthy, corporate entity.
T Corp incorporated 5 main features to self-regulate and promote sustainability:
- radical transparency
- hierarchical rules of operation
- a bounty of 3% of revenue to whoever spots a deviation
- a minimum of 7% of its revenue to regenerative negative externality sinks.
- open source, to allow anyone to build their own Transparent system.
Development Process
The first step in this process was to write uneditable, read-only Tenets permanently restricting our operation from inception. Next, an incorporation statement was written and published as an open-source incorporation statement on Github. These steps were performed to create a permanent ethical foundation for the business whilst not being bound by a strict doctrine of operation.
The next step, was to address the fact that many businesses start out with good intentions however, over time as costs mount, ethics tend to erode. For this reason, we decided to put our money where our mouth via the use of a bounty system. For this, we decided to ring fence 3% of our revenues for anyone who can prove a non-transparent action has been performed by the company.
Our third stage of development was to generate revenues, this occurred with the creation of various events across the country. This was then followed up with a learning website where the general public can purchase online courses.
Our fourth stage was to dedicate a minimum of 7% of our revenues to seed other forms of The Transparent Company. For this, we created an open proposal system where the pool of money generated can be accessed by anyone to fund other similar types of transparent, positive externality businesses.
The fifth stage, where we are now, is to open our doors to donations via the open collective and allow others to volunteer their time to help us on our mission.