Today OMA3 released its SBT Litepaper to the public.  The lite paper is the result of the combined efforts of Wivity and Animoca Brands.  Wivity brought its decades of consortium governance and operations experience, and Animoca brought its tokenonics experience with dozens of projects.  The result is the future of decentralized governance. 

Consortiums have known for decades what DAOs are just now starting to figure out:  percentage ownership-based voting has centralization issues.  There are huge disparities in the market cap of consortium members, but even the large market cap members agree to a one member/one vote (OMOV) policy.  Democratic political systems?  One member (citizen)/one vote.  

Are there centralization tendencies with OMOV?  Certainly.  There is collusion between consortium members (I prefer to call it cooperation).  In the United States billionaires spend millions on getting their candidates elected, so they have outsized influence.   But if there are enough members, centralization is difficult.  With fungible token-based governance influence can be bought directly, even with algorithms like quadratic voting.  Of course, Vitalik Buterin pointed this out years ago but sometimes one just has to learn through experience.  

The main issue with OMOV is anonymity.  OMA3 vets every applicant to ensure only legitimate organizations become members, and it will do the same with individuals when the time comes.  DAO governance tokens allow anonymity, which is a huge advantage.  However, with recent developments in self-sovereign decentralized identifiers, zero-knowledge proofs, and projects like ProofofHumanity and Worldcoin it will be possible to maintain anonymity with OMOV.

There are many ways fungible tokens can bring huge value to decentralized projects and collaborations.  However, when it comes to governance there is a better choice.