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INTRODUCTION

From the beginning of creation, there has been a lot of tribulations on how to organise and increase the scale of cooperation but with constant development of effective structures, it led to the emergence of internet that paved way for real time information at a larger scale worldwide. Unfortunately, it lacks the economic means for general purpose, global peer-production and coordination. The second internet revolution is the blockchain that has been able to eliminate the problem of fault and trust and consequently forms the technological basis for Decentralized Autonomous Organizations (DAOs). Decentralised Autonomous Organisation (DAO)  comes in, to bridge the gap of internet by providing reliable reliable open and programmable accounting system.

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DAOstack is an operating system for collective intelligence and a new form of human association built on the ethereum blockchain designed to catalyze the future of collaboration.

DAOs

 DAOs is an organisation that is run through rules encoded as computer programs called smart contracts. DAOs are open, self-organized networks coordinated by crypto-economic incentives and self-executing code,cooperating around shared goals. With the ability of DAOs, digital ledger to track financial transactions across the continents through the internet is secured against forgery by trusted timestamping and dissemination of a distributed database. DAOs can be used in companies, organisations, government parastatals that are running decentralised investment funds and managing decentralised curation system like Wikipedia,

DAOstack

DAOstack is an operating system for DAOs. With DAOstack, thousands of open-source creators can jointly produce decentralized applications (DApps), while distributing individual ownership in the product to contributors of value. DAOstack an operating system for collective intelligence and a new form of human association built on the ethereum blockchain designed to catalyze the future of collaboration.It powers decentralised companies,fund and markets to make fast and innovative decisions at scale.

The ability to well-organize and coordinate a large number of individuals is one of the greatest forces and drivers of society, which has gone through constant evolution over thousands of years.The way DAOstack can change the internal and external operations of organisation and cooperation is by increasing coperations in different groups bringing them under a common goal thereby encouraging decentralisation of power, thereby solving the problem of decentralised governance. The power of decision-making is distributed meritocratically to take advantage of collective wisdom that will benefit the entire operations of the organisation or cooperation. 

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DAOstack provides the foundational tools for the creation, operation and governance of DAOs, internally and externally within a broader ecosystem. In a nutshell, it can be regarded as an analogue of Wordpress for DAOstack. The operating system for governance which DAOstack is creating consist of 4 layers built on top of the ethereum blockchain:

• The alchemy is the first Dapps on the platforms that provide an interface for users to interact with Arc and DAO, allowing people to configure DAOs then make proposals and vote on them and even create an organisation-specific ERC20 crypto-token if desired.

• The Arc is the layer of the stack that exploit underlying smart contracts library written in solidity which allows the creation of governance protocols for the DAOs. It contains open source modules of other DAOs not limited to a specific governance making it  easy for people to maintain there DAOs. There are several principles guiding the designs of Arc. They include Generality, Modularity, Simplicity, Upgradability, Interoperability and Open system.

• Arc.js, a JavaScript library that operates the Arc Solidity framework via Web3.js. it is a front end interface that allows developers to easily build application and custom interfaces suitable to there organisation.

• The Archives is a responsible shared organised database to ensure data integrity and quality. The basic archives of DAOstack are hive registries, mosaic and compendium.

Block chain governance

A blockchain governance system is a state-transition function, that collects inputs from blockchain addresses and under certain rules spells out an output in terms of the blockchain global state transition. Tickets are generated by agencies base on specific guidelines  that are applied on the blockchain and in turn produces results. Rules are set in place to guide the integrity of the structure and must be respected and obeyed  not minding the comsequences of who might get hurt if caught defaulting or theycan be improved upon if certain conditions are met. The governing agencies are divided into two types:

• Governance schemes 
• Global constraints.

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 Advantages of the DAOstack over the traditional organisation.

• Autonomous: traditional organisation lack autonomous power because every government in a country serves as watch dog to every firm inorder to avoid monopolistic behaviour but DAOstack its independent of its creator and not influenced by outside forces, thereby eliminating the third party involvement in financial transactions.
• Voting: there are several instances were decisions are made by selected few which are obviously known as the “top management” inorder to avoid disorderliness in the organisation. But with DAOstack, everyone is carried along by simply voting the proposal you want.
• Growth; in traditional organisation, collective decision are discouraged in this part of DAOstack, when it comes to moving funds,stakeholder must agree on decisions. If errors are found in the code, they cant be corrected until a voting procedure has taken place.
• In a large scale enterprise, decision making can be capital intensive but with DAOs, that is not a problem. 

DAOstack Voting Power Method As a Means Of Preventing corruption and Promoting Incorruptibility

As mentioned earlier, one of the major problem of cooperation and organizations is the compromise of decentralized governance. With that in place, there are high chances that there will be a compromised in the hem of affairs. 

Let's take for instance, a bottle water company (Ragolis bottle and Eva bottle water) are fighting for a contract to be the daily regular supply of bottle water for shell company in Nigeria. 

However, if Eva bottle water bribes one of the decision makers to award the contract to them, he has been compromised and will definitely dance to there tune. 

Therefore, if voting power method by DAOstack is been implemented, it  will help fight this menace called corruption besides voting power is wholly dependent on the reputation score which determines the influence an individual have on the platform. This will help curb corruption because like the saying goes, "a good name is better than riches" so, no individual with such high reputation would do anything bad to spoil his name. 

Base on how the platform is being structured, the problem of unfair voting system is terminated from such company bringing about its success. 

Benefits of the evolution of DAO or DApp

DAOstack holds a better prospects for building decentralised organisation. If decentralisation of technology, power and governance is a core value proposition of blockchain technology, then the platform will be needing infrastructures inorder for governance to be transparent and trustless. The advanced staged in the development of the product has been reached making the main system pillar operational.

There are also positive signs that there are partnership in place with several blockchains projects like sapiens, Gnosis and Menlo, though there is no established enterprised or any big market player involved. 

DAOstack GEN Tokens

GEN is normally used for attracting attentions of users for projects in a cooperation or promoting proposals. Staking tokens are used to boost proposals. If it turns out that the proposals are not successful, tokens are normally distributed to voters or destroyed. Contributors are rewarded tokens to motivate or encourage adoption, promotion and development of the system. The tokens will have multiple roles to play which will increase there demand and appreciate there value as the platform continues to grow. To avoid the corruption of the network by a few holding majority of the wealth, the project have to be approved by reputation holders. 

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Conclusion 

The DAOstack aims to create an infrastructure on top of which developers can build decentralized solutions such as massively-scaled corporate governance,  collaboration tools, knowledge systems etc. 

A DAO Stack promotes power of collaboration to the people making it accessible for everyone to work on a same system together with the help of blockchain technology and it will change DAO into a reality.

Team

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Road map

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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

DAOstac 2018.