....Eventually, everything connects with DAOs

Create an image in your mind of a maiden web of open collaboration in which individuals or collaborated companies or organizations can freely organize themselves around the same aim or targets at any level. Probably, these can be platforms with over 10,000 poets and writers, a collaboration on gadgets enhancement or electronic improvement with over a million technologists and engineers? Well, now imagine DAOs(Decentralized Autonomous Organizations)

---

What are DAOs?
These are blockchain generated designs that enable organizations or individuals to perform collective actions and take collective responsibilities while eliminating any third parties or intermediaries which causes unwanted bottlenecks or inefficiencies in organizations. DAOs uses the DAOstack operating system.

DAOstack is simply an operating system for collective intelligence for organizations. DAOs decentralized companies and markets to make fast and innovative decisions. It is an evolutionary framework for scalable governance.

What is DAOstack’s goal?

With the blockchain enabling human interaction that combine the level or scale and efficiency of free markets with the combination of startups and all the coherence, DAOs has decided to decentralize at scale. DAOstack aims at bringing together networks that self organize around shared goals and interests and a economy where cooperation is the winning tactic.
Before I delve into the working system of DAOs, I’d like to enumerate the tools that DAOs uses to make all these amazing features possible. The DAO ecosystem thrives on these foundations viz:

-Alchemy- The native user interface for the DAOs one of many interoperable collaborative applications.
-DApps- Collaborative applications to enable crowd cooperation around any target.
-Arc.js- A friendly API layer that let’s front-end developers easily build collaborative applications on top of Arc without being familiar with the blockchain.
-Arc- A modular solidity framework on the Ethereum blockchain that enables smart companies to be easily deployed, configured and upgraded with an open library of governance modules and templates. Arc is like WordPress for DAOs.
-Arc.Hives- This is a DAOstack’s shared registries that enhance the data communicability and network effect among collaborative DApps built on top of a stack.

How can DAOs change the way corporations and organizations are run?

DAOstack created a Ethereum-based decision-making platform to allow anyone to create a decentralized autonomous organization (DAO) which is a scalable, self-organising entity that is operated by smart contracts on the blockchain. These organisations can be leveraged to create a proposal-based governance system where each stakeholder can vote on the proposals and the execution of those will happen automatically with the help of blockchain technology. Nobody has autonomous control over the voting process and the cooperation between the users is indirect and signaled by a code. Now, enabling an efficient and effective running of this self induced organizing collectives, DAOs uses

-Blockchain Governance: This is a centralize governance which is based on Ethereum smart contracts thereby enabling faultless execution of ‘heavy traffic' decisions.

-Holographic Consensus: This enables effective decision making guarantee that the edge or final decisions corresponds with the will of the majority

-Programmatic Corporation: Provides an amazing feature of cryptocurrency incentive design at individual level assuring a frictionless cooperation at a collective level.

How can DAOs improve the cost, efficiency and structure of organizations?
Being built with flexible modules, that can be easily be reformed without costly redeployment, it saves storage and reduce operation costs and also enhance security.
Also, it boosts of in-built adaption to new chances and limitless number of governance thereby increasing efficiency.
It can also be upgraded structurally to new schemes, features or various parameters of already existing ones through the Arc feature. More granularly, each DAOs created through the Arc comes with a particular set of rules which by default, includes the rule to change the rules; easily.

Let’s see some potential cases

Case I: Individuals
Putting the idea of using DAOs for collaboration aside, we can visibly imagine the instance of collective asset management which I’m a partaker. In the South West region of Nigeria, there are unpopulated areas which were barren with modern civilization. Recently, activities are shifting from the North Central region down South due to over population up North and new business opportunities and possible investments for businessmen in the south, partly due to the discovery of crude oil and tin and also partly due to emergence of foreign investors. People are delving into real estates as they are buying stationary properties for future resale. Now, not everybody can afford to buy these suddenly price rocketing lands or houses, so some people came together to jointly buy lands for higher profit when sold in the nearest future. Now, the process of making decisions on which land to buy and which not to has been a problem as voting is done rigidly on an online platform without transparency and any assured reliability of data security. The voting is most times influenced by individuals who have better knowledge of the IT world, thereby outsmarting others and creating multiple accounts to vote irrationally and sell votes to others therefore obstructing the success of the goal of the group and promoting there own selfish interests. This alone, if actioned through DAOs can be assured of better voting system and better progress as token will be bought to make actions such as proposals. Also, because of gaining reputation to increase their proposal making abilities, members will indulge more actively in the network because only by active participation can one gain reputation.

Case II: Organizations
Three charity organizations come together to join funds and make bigger donations of charities. Before now, these organizations individually, singly made decisions within themselves and donated to whosoever they deemed necessary. Now, coming together they need a decentralized yet reliable platform to run their votes on decisions and the general governance of the funds and the joint venture. And they choose DAOs.
Now, the voting is being done through DAOs and token(Gen) is being bought to influence and enable proposal making. Moreover, members who actively participate in the network are rewarded with higher reputations which can also be used to make proposals. With the emergence of another possible charity organization willing to join, they can easily reconfigure the system without costly redeployment thanks to flexible modules that DAOs uses to build it system.
In the few years, an influx of more than 10 charity firms decide to join, the collective organization can also expand due to the adaptive feature of limitless number of governance elements embedded in the blue print of DAOs. These adaptions, are also accompanied by positive upgrade to suit the current trend in the market. Moreover, there is security of funds, no autonomous authority given to any of the individual organization or DAOs itself, easy decision making on fund spending, etc

How does DAOstack's method of vote power disbursement disenable corruption in voting?
DAOStack overcomes the scalability problem by using an approach called Holographic Consensus. This method subdivides an organization into several minute groups in order to achieve an internal majority. For instance, an organization of 15 agencies in a direct democratic(majority) voting system, 8 votes constitute a majority. If that same organization is reduced into 5 groups with 3 agencies each, then a decision can be reached by only 6 votes (3 out of 5 agencies, in three of the groups). However, decisions can only be taken upon the agreed method chosen by the organization.
Moreover, to avoid corruption and ensure resilience, the DAOstack utility token is used as an incentive. Token holders stake tokens to improve their chances of getting more collective attention on decisions. Simultaneously, this regulates the rate at which proposals are submitted to the group for its attention; only once enough tokens agreed upon are placed on a proposal does it move on as a decision. Proposals are also made by people with higher ‘reputation', this reputation is gained by actively participating in the network and it cannot be bought or sold.

What are the advantages can DAOs users boost of over other organizations?

-Collaborative Economy : DAOstack is designed to make not just single organizations but an entire ecosystem of data communicable DAOs, to be able to share talent, ideas, and learnings. DAOs will even be able to act as members of other DAOs, creating a fluid “DAO mesh” or “internet of work”

-Easy Decision making: Decisions can be easily made through the voting system provided by DAOs without much obstacles or corrupt practices in the system with the use of tokens.

-Adaptation: Adaption seems to be an exclusive feature of DAOs, which enables it users to evolve from a limited number of governing elements to an infinite number.
-Flexible Modules: These allows for easy reform of the system without redeployment or resetting the system thereby cutting costs.

What are the benefits of being able to evolve the DAO or DApps from within?
One may ask, what are the benefits one can get from being able to upgrade the DApps from within. Well, it has lots of benefits.

*-It eliminates the inconveniences associated with thorough analysis and refurbishing of the apps thanks to it granular nature.

-It saves cost which would be acquired from massive redeployment.

-Elimination of any security breaches which may have arose from external upgrade or evolution.*

DAOstack runs on a Gen, a native token of the DAOstack platform. Gen controls basic operations on the DAOstack ecosystem which is promoting proposals or voting which requires holders of the Gen token to spend it in order to achieve these actions.*

CONCLUSION
DAOstack is the ideal system I would refer any organization to, seeking collective participation on a platform, for ease of decision making, zero autonomous power to any organization or the blockchain, safer security and better voting system. The system allows for upgrade and limitless adaption to an infinite number of governance elements. It is a system created with a default system for changes powered by internal organs, therefore, deleting any source of external data contamination or security breech. The process of it token purchase and spending to make proposal in collective decision making is a unique feature of the system. These proposals which can also be made by reputation, encourages the participants to participate more often in the network as to gain more reputation. DAOstack is an ideal operating system for any decentralized version of venture funds, insurance networks, charitable funds, collaboration of gadgets enhancement, creations, etc

Meet the team in pictures

Meet the advisors

For more information on DAOs,
check their website Here

Or to check the original post by @originalworks click here

daostack2018