DAOstack the way organizations would be built on the blockchain
What ails current day Organizations?
An organization typically work in a fashion where there is a boss and they are his subordinates who report to him. This is a centralized we're working where control is present in the hands a few. This type of system has certain inherent frocks. This flaws are... i) Too much control given to very few people ii) Lack of scalability beyond a point iii) lack of transparency iv) The efficiency is lost when an organization scales up As organizations evolve they need to change there organizational structure.The way to move forward DAOStack
DAOStack offers how much better way to structure an organization and the opportunity to grow and scale in a much faster get well structured manna that can be governed with the help of blockchains and smartcontracts.The Building Blocks of DAO's
The building blocks of DAO's are companies or agencies a company is and atomic governance unit that is governed buy smart contracts and exist over the blocking. It would have this phone token and this would be related tour companies benefits and resources.
It would Also have its own reputation system this would relate to the credibility control system based on the reputation and credibility of the decision maker.
A DAO would also have laws and bylaws written and governing and coded into the smartcontracts.
DAO Stacks Elements
To help create these decentralized organizational entities DAOStack has provided 4 different elements they are
Alchemy Which is the use interface for interacting and makes it easy to input and out put input information and place to interact between the users, the developers and DAOStack.
ARC.js Look at ARC.js as the API that lets a developers integrate pre built functionality into their programs.
ARC.Hive This is the registry that keeps a record that are curated and kept securely for reference.
ARC This of it as a governance framework for enabling the interaction of various agencies/DAO's
DAOstack can be used for implementing
A collaboration such as group of people trying to create a movemet to stop global warming can use a collaborative approach to contribute towards a common cause.
Shared Ownership: Group housing societies and Resident Welfare associations (RWA) where the funds collected by the residents are often misused and the residents do not have a say in the functioning of the society can adopt a collaborative approach where each decision is to be validated by a certain amount of members and there would be transparency in the handling of the funds.
Curation: There are so many talent shows on television which require user voting. This model can create a transparent and efficient way to find the actual winner and eliminate the possibility of fudging.
The GEN Tokens
All economies need a currency and the currency of DAOStack would be the GEN Tokens.
Having the GEN tokens helps a person place a stake in a given project that would be built on to the DAOStack.
Checks and balances such as approval by reputed members would prevent corruption from creeping into the system
More Information & Resources:
- DAOstack Website
- DAOstack Summary
- DAOstack WhitePaper
- DAOstack Telegram
- DAOstack Twitter
- DAOstack Reddit
- DAOstack Newsletter
- DAOstack Github
- DAOstack Medium
- DAOstack YouTube
- DAOstack Token Sale FAQ
daostack2018
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