DAOSTACK - - A TECHNOLOGY TO ENHANCE FAIR GOVERNANCE AND TRANSPARENCY
WHAT IS DAOSTACK ?
DAO stands for Decentralized Autonomous Organization.
DAOSTACKis the operating system atop of which Dapps can be built
As we all know that corruption is a widespread phenomenon. Corruption often times affects organizations because only a certain group of people benefits.
Corruption of governance is the misusue of power of a person or a group of people for personal gain. What they fail to realize is that the corruptibility has a negative impact on it's immediate society.
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Transparency is core to the development of the organization values and it one of the very few technologies that can achieve that is DAOSTACK which if implemented would improve trust and productivity.
"This aims to change the entire concept of governance. It enables developers to apply blockchain governance to various system that are traditionally organized and run by a centralized authority or a group of individuals. DAO enable this by allowing the user to put their protocols into the blockchain and using smarts contracts to votes on decisions that will impact that continued operations of said DAO".
DAOSTACK TOOLS
ARC - - - - - - This tool is the WordPress of DAO
ARC.HIVES - - - - - This is where the registration of data is carried out.
ARC.JS - - - - - This is where the APIs is applied
ALCHEMY - - - This is a friendly user interface for easy use.
The following tools are well detailed In the picture below.
DAPPs & DAOs
"These are the final output of the platform after utilizing all the tools mentioned above".
USE CASE
DAO if implemented in an organization would serve great purpose. Easy tracking of budget distribution between different departments within an organization.
DAO simply makes this judgement easier as it eliminates any form of corruptions which might have been a major problem if handled by individuals or a group of people who can be easily influenced.
IN CONCLUSION
The impact of technology such as DAOSTACK is limitless in nature. With its ability to evolve from within, there are no technical bounds.
I would simply recommend DAOSTACK to all organization who would love to thrive on the trust that comes with transparency to improve productivity.
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This is and entry to the @originalworks contest
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"DAOSTACK2018"
With cryptos moving forward so aggressively this type of technology was long coming..
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