DAOstack a DAO Operating System For Cloud Intelligence

in #blockchain6 years ago (edited)

source

Changing the world with DAOstack

Decentralized Autonomous Organization (which is mostly and simply referred to as DAO) “are open, self-organized networks coordinated by crypto-economic incentives and self-executing code, cooperating around shared goals”. Up until now, this idea has been entirely theoretical because even though a promising and innovative step that can be used to snuff out inefficiencies found in most organizations and other corporations, it still lacked some much needed elements which was largely in the form of a decentralized governance system, that would enable its operation efficient and totally accurate.

()

source

Therefore, with these in consideration, DAOstack developers embarked on a now successful project on building from foundation a dynamic system of decentralized governance, DAOstack (an operating system on which DApps are built on) which is based on no particular protocol but rather a ground work where any situation or use case can be applied. As stated by DAOstack architect, Matan Field in an interview “ The first principle of designing the DAO stack was not to build a specific protocol or a specific application, but rather to build the soil, the ground from which a whole ecosystem can grow and thrive”. ()

source

This system is built with various components which include the ARC which is a framework that allows the application of DAO to companies and organizations, the Arc.Hives that is the registry that will contain data on all DApps and DAOs built atop of the DAOstack, the Arc.js which will help developers easily develop application without having to be “Solidity wise”, the user interactive interface called Alchemy and finally the DApps & DAOs which are the brainchildren produced using all other components of the DAOstack. DAOstack owing to its dynamic nature promises an endless possibilities, and being applicable in every type of organization on the face of earth, these ranging from corporate organizations, trading companies, social media website and others. With this decentralized governance technology, which offers way more than tallying votes and making proposals. ![voting-768x542.png]()

source

It will be able to coordinate effectively the crowd in any given situation.

With the use of DAOstack, decision making process in organizations will be sped up, the direction to which their resources should be aimed at to achieve optimum efficiency can be determined, Also,the incorruptibility of the system sets it apart from other forms of organizational method. This feature, probably is the most dominant of all the others. This is because it will have an omnipresent effect on curbing corruption (which is one of the major destroyers of most collective effort) within organizations.

As earlier stated before, DAOstack is not limited in any way to a specific parameter, this will hereby enable the system evolve over time from within, allowing for implementation of new solutions as they are introduced by all users. This in itself is what makes the DAOstack a great choice and very user friendly.

Information from the parent post:


https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack

source

For More Information:

daostack2018

Sort:  

@kariboro, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

Please also take a moment to read this post regarding bad behavior on Steemit.

This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by kariboro from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Congratulations @kariboro! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!