DAO Uses A Blockchain-Based Smart Contract
Introduction
Since it first appeared on this planet, humans are constantly creating new ways to organize and improve scale cooperation with more effective structures, from nuclear and tribal families to states,
companies, and the global economy. The most advanced organization so far, the Internet, opens the door for the exchange of real-time information on a world scale, but lacks economic means for public purposes coordination and global production partners. The Blockchain makes this possible by providing reliable, open and programmed accounting systems, consequently leading to the discovery of Decentralized Autonomy
Organization (DAO).
DAO is an open, self-managed collective coordinated by economic incentives and self-executing code, work together around common goals. Supported by network effects, DAO provides money models and incentives for open production, shareable resources (such as open source code and music files). With creations more open resources, DAO will be able to scale indefinitely while maintaining itsagility and coherence, and within many cases are beating the existing corporate structure. DAO has attracted the top talents in the blockchain room, holds a promise for a more efficient and tough organization. Nonetheless, they have no essential elements to successfully deployed so far, and in particular decentralized decentralized governance systems.
HOW DAO FUNCTIONS
Almost all human organizations, from companies to clubs to governments, are built on formal or informal contractual agreements (eg employees working in return for payments). This agreement is usually enforced by third parties such as bosses, police, judicial system, etc. But the creation, execution and enforcement of such contracts is often fraught with human error, misinformation, and inconsistent incentives. A CEO may pay employees who are less worthy to pay more, for example, or group members can enjoy "social laziness" and work less than in individual settings.
DAO uses a blockchain-based smart contract to enforce clearly defined agreements between the parties. Because blockchains can not be changed and their smart contracts (ideally) can not be hacked, many of the decision-making power that will be focused on the hands of some within the standard organization may even spread among all DAO members, who have good behavior and participation enforced by smart contracts.
The responsibilities of many positions in the organization today, such as the HR Manager or CEO, can be safely distributed within DAO among all its members. One of the first truly influential DAOs, called simply The DAO, is a venture capital firm that has no management team, chief investor, or office space. His behavior is fully governed by a democratic agreement among his token holders.
DAO: The Future of the Organization
The ability to organize and coordinate large numbers of individuals is one of the greatest strengths (and driver) community, which has been through constant evolution for thousands of years. In this chapter we are illustrates the challenges of today's legacy organizations, and possibly a new form of web organization:
DAO.
Legacy Organization
Agency cooperation increases their efficiency with respect to market forces of external competitors. This is the basic origin of the company and the reason the organization wants to grow. But great coordination the number of agents is difficult and expensive, and that is why organizations can not grow indefinitely.
HOW
The foundation of the rapidly evolving DAO ecosystem
ARC FRAMEWORK
Arc is an evolutionary framework for measurable governance
ADAPTIVE
Arc supports unlimited elements of governance. The schema literature and its global constraints will evolve as the DAOstack ecosystem grows, with new templates and modules being developed and added by open source and third-party development communities.
MODULAR
Each DAO governance structure is created from small building blocks - governance modules, or elements - that can be easily added, merged, edited, or deleted. Modules do not need to be moved to blockchain, but only referred to, save storage and operating costs and improve security.
CAN BE CHANGED
The governance structure of each DAO can be easily upgraded to use new schemes and constraints, or parameters that differ from existing ones. More detailed, every DAO created through the Arc comes with a set of specific rules, which by default include rules to change the rules.
ECONOMY
DAOstack runs on GEN
GEN is the original token of the DAOstack platform. Basic operations in the DAOstack ecosystem - such as promoting proposals - will require GEN expenditure or storage. GEN will be distributed to value contributors through the DAOstack framework itself, providing development, promotional and adoption incentives
Information about token
- Token GEN
- Price 1 GEN = 1 USD
- Ethereum Platform
- Accepting ETH
- Soft cap 5,000,000 USD
- Hard cap 30,000,000 USD
- Raised $ 8,000,000
- Country Gibraltar
- Whitelist / KYC None
For projects with 40 million tokens provided to customers, 100 million GEN tokens will be created. Token sales begins May 8, 2018. Initial token sales begin May 1, 2018. The funds will be used to develop and promote the platform. This team is defined and has experience in creating meaningful products for users.
Conclusion
The ability to work together for greater benefits is not common among other species. People believe in people's choices, and this structure has created many forms of solutions in our world. However, there are many centralized institutions and organizations, and the decision-making power is limited to a few people. The loss of centralization is evident in history and in today's political and economic terms. The task of individual solutions can be overcome in groups.
There are few opportunities for error and more chances to get better when people make decisions together. The future of technology is redefined by decentralization. Decentralized app development will give people new direction. What do you think of the future of a decentralized app? Is this a suitable platform to provide all the tools needed to develop a decentralized application?
ROADMAP
TEAM
Decision:
DAO Stack - the use of Skeleton Arcs combined with Alchemy DAPP and archives effectively alter the DAO manufacturing, operation and control processes, allowing more parties to create DAOs, which anyone can operate.
The DAO stack efficiently uses GEN markers. Signs play a role in the ecosystem, which increases their demand and value as the platform grows. The beauty of the product is that the public should not accept the system, but the group of developers or members of the group.
In my opinion, DAO Stack can unite all people to collect decisions and actions of collective individuals in common goals, wisdom, ability, and keep these things in one place to bring them into harmony. The DAO collection can bring the power of cooperation to people, allowing us to collaborate on one platform using blockchain technology and make DAO a reality.
For more information and social networking of Daostack, please follow the following sources:
WEB SITE: https://daostack.io/
YOUTUBE: https://youtube.com/c/daostack
TWITTER: https: // twitter.com/daostack
TELEGRAM: https://t.me/DAOstackChannel
My Bitcointalk (doblok) : https://bitcointalk.org/index.php?action=profile;u=1035549
ETH : 0x45CC001673969f7a5e77ab858BaD85d650427227
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